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 -31.21% away from its 52-week high, while its distance from the 52-week low is 4.96%. The stock’s price range for this period has been between $36.02 and $54.96 The company’s shares, which are part of the Basic Materials sector, had a trading volume of approximately 19.07 million for the day, a number notably higher than the average daily volume of 11.74 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 $54.96 on 05/20/24, while the lowest price for the same duration was marked at $36.02 on 02/13/24.
Exploring Financial Performance and Market Capitalization: A Comprehensive Analysis
Freeport-McMoRan Inc (FCX) has experienced a quarterly decline of -21.94% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 54.33B 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 43.80, with a change in price of -6.02. Similarly, Freeport-McMoRan Inc recorded 11,949,295 in trading volume during the last 100 days, posting a change of -13.73%.
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 0.51. 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 14.72%. This is a decline compared to the raw stochastic average of the previous 20 days, which was noted at 30.13%. Furthermore, the company’s Stochastic %K and %D values for the past 20 days were 42.13% and 58.12%, 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 -0.52% this year. Over the last six months, there has been a stronger performance of -14.12%. The price of FCX leaped by -2.52% during the last 30 days period. For the last 5-days stocks have slided -5.55%.
