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 -30.46% away from its 52-week high, while its distance from the 52-week low is 9.54%. The stock’s price range during this period has varied between $34.89 and $54.96. The company, active in the Basic Materials sector, saw a trading volume of around 21.49 million for the day, considerably higher average daily volume of 12.78 million observed over the last three months.
The market performance of Freeport-McMoRan Inc has been somewhat unstable. Over the past year, the company’s stock achieved a high of $54.96 on 05/20/24, with the lowest value for the same timeframe being $34.89, recorded on 02/03/25.
How Financial Performance Impacts Market Capitalization
Freeport-McMoRan Inc (FCX) has experienced a quarterly decline of -18.51% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 54.92B 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 43.30, with a change in price of -4.44. Similarly, Freeport-McMoRan Inc recorded 12,379,762 in trading volume during the last 100 days, posting a change of -10.41%.
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 0.51. 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 33.50%. This is a decrease compared to the raw stochastic average of the last 20 days, which was recorded at 55.04%. Additionally, the Stochastic %K and %D values for the company were 40.66% and 31.90%, respectively, over the past 20 days.
FCX Stock Price Performance Analysis
Investors have been left with mixed emotions regarding the stock price performance over the year, as it’s been a mixed bag. The metric has seen a significant gain of 0.56% since the start of this calendar year. Looking back over the last six months, we can see a stronger performance of -2.96%. Over the past 30 days, the price of FCX has leaped by -1.15%. And in the last five days, it has surged by 6.61%.
