The 52-week high and low prices can offer valuable insights into a stock’s current standing and prospects for future performance. Freeport-McMoRan Inc’s current trading price is -30.71% away from its 52-week high, while its distance from the 52-week low is 5.73%. The stock’s price range for this period has been between $36.09 and $55.07 The company’s shares, which are part of the Basic Materials sector, had a trading volume of approximately 11.04 million for the day, a number notably higher than the average daily volume of 10.81 million over the last three months.
Freeport-McMoRan Inc saw a rather unpredictable run in, in terms of market performance. The company’s stock reached its highest point at $55.07 on 05/20/24, while the lowest price for the same duration was marked at $36.09 on 02/13/24.
Exploring Financial Performance and Market Capitalization: A Comprehensive Analysis
Freeport-McMoRan Inc (FCX) has experienced a quarterly decline of -23.44% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 54.37B and boasts a workforce of 27200 employees.
Analyzing Trading Volume and Moving Average Trends
Based on Barchart.com data, the company’s moving average over the 100-day period was 44.47, with a change in price of -1.36. Similarly, Freeport-McMoRan Inc recorded 11,168,750 in trading volume during the last 100 days, posting a change of -3.44%.
Understanding Ticker ‘s Debt-to-Equity Ratio: An Analysis
The debt-to-equity (D/E) ratio serves as an important indicator of a company’s financial stability and market position. By dividing a company’s total liabilities by its shareholders’ equity, the D/E ratio reveals the degree to which a company relies on debt to finance assets compared 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, Freeport-McMoRan Inc’s raw stochastic average for the last 50 days stands at 3.97%. This is a decline compared to the raw stochastic average of the previous 20 days, which was noted at 6.91%. Furthermore, the company’s Stochastic %K and %D values for the past 20 days were 14.96% and 18.80%, respectively.
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. The index has shown a price loss of -9.79% this year. Over the last six months, there has been a stronger performance of -20.94%. The price of FCX leaped by -12.80% during the last 30 days period. For the last 5-days stocks have slided -1.80%.
