Investors’ outlook regarding the stock price performance over the year has been split, with some feeling optimistic and others feeling pessimistic, as it’s been a mixed bag. Year to date metric has recorded a gain of 9.38%.However, over the last six months, we can see a stronger performance of -8.98%. Over the last 30 days, the price of FCX has leaped by -8.33%. And in the last five days, it has fallen by -0.98%.
Freeport-McMoRan Inc experienced a somewhat steady performance in the stock market. The company’s stock reached a 1-year high of $55.07 on 05/20/24, while the lowest price for the same period was registered at $32.62 on 11/10/23.
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52-week price history of FCX Stock
Analyzing a stock’s 52-week high and low prices can offer important information about its present condition and future outlook. Freeport-McMoRan Inc’s current trading price is -15.98% away from its 52-week high, while its distance from the 52-week low is 41.85%. The stock’s price range during this period has varied between$32.62 and $55.07. The Freeport-McMoRan Inc’s shares, which operate in the Basic Materials, saw a trading volume of around 9.15 million for the day, a figure considerably lower than their average daily volume of 11.37 million over last three months.
Market Capitalization vs. Financial Performance: A Comparative Study
Freeport-McMoRan Inc (FCX) has experienced a quarterly rise of 12.92% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 65.60B and boasts a workforce of 27200 employees.
Combining Moving Average and Trading Volume Data for Better Market Insight
Based on Barchart.com data, the company’s moving average over the 100-day period was 46.25, with a change in price of -2.93. Similarly, Freeport-McMoRan Inc recorded 11,304,540 in trading volume during the last 100 days, posting a change of -5.96%.
FCX’s Debt-to-Equity Ratio Cause for Concern? An In-Depth Look
The debt-to-equity (D/E) ratio is a significant metric that provides insights into a company’s financial state and market presence. By dividing a company’s current liabilities by its shareholders’ equity, the D/E ratio depicts the extent of debt used by a company to fund its assets relative to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for FCX stands at 0.55. Similarly, the long-term debt-to-equity ratio is also 0.51.
FCX Stock Stochastic Average
Freeport-McMoRan Inc’s raw stochastic average for the past 50 days is presently 52.24%, as of today. This marks a increase from the raw stochastic average of the last 20 days, which was 27.94%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 15.39% and 9.40%, respectively.
