Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. Freeport-McMoRan Inc’s current trading price is -20.75% away from its 52-week high, while its distance from the 52-week low is 21.85%. The stock’s price range during this period has varied between $35.81 and $55.07. The company, active in the Basic Materials sector, saw a trading volume of around 14.28 million for the day, considerably higher average daily volume of 11.5 million observed over the last three months.
Freeport-McMoRan Inc had a pretty favorable run when it comes to the market performance. Over the past year, the company’s stock reached a high of $55.07 on 05/20/24, while the lowest price during the same period was $35.81 on 12/07/23.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
How Financial Performance Impacts Market Capitalization
Freeport-McMoRan Inc (FCX) has experienced a quarterly rise of 5.67% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 63.34B and boasts a workforce of 27200 employees.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 45.28, with a change in price of -7.87. Similarly, Freeport-McMoRan Inc recorded 11,578,495 in trading volume during the last 100 days, posting a change of -15.28%.
How FCX’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to 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
As of today, the raw stochastic average of Freeport-McMoRan Inc over the past 50 days is 15.46%. This is a decrease compared to the raw stochastic average of the last 20 days, which was recorded at 22.75%. Additionally, the Stochastic %K and %D values for the company were 25.89% and 25.15%, respectively, over the past 20 days.
FCX Stock Price Performance Analysis
A mixed performance in the stock price over the year has left investors with either an optimistic or pessimistic outlook, depending on their point of view. Until today this year the stock’s price performance recorded an increase of 3.16%. However, over the last six months, the performance has been stronger by -15.89%. The price of FCX decreased -3.07% over the last 30 days. And in the last five days, it has fallen by -0.18%.
