For those aiming to surpass market returns, the art of stock picking is crucial. Making wise choices in stocks can greatly enhance your overall wealth.
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
In the latest session, Freeport-McMoRan Inc (NYSE: FCX) closed at $46.57 down -0.34% from its previous closing price of $46.73. In other words, the price has decreased by -$0.34 from its previous closing price. On the day, 8.42 million shares were traded. FCX stock price reached its highest trading level at $47.56 during the session, while it also had its lowest trading level at $46.53.
Ratios:
For a deeper understanding of Freeport-McMoRan Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 10.66 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 30.86. For the most recent quarter (mrq), Quick Ratio is recorded 1.30 and its Current Ratio is at 2.33. In the meantime, Its Debt-to-Equity ratio is 0.55 whereas as Long-Term Debt/Eq ratio is at 0.51.
On September 04, 2024, UBS Upgraded its rating to Buy which previously was Neutral and also upped its target price recommendation from $54 to $55.
Morgan Stanley Upgraded its Equal-Weight to Overweight on June 21, 2024, whereas the target price for the stock was revised from $49.50 to $62.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on May 13 ’24 when Higgins Stephen T. sold 80,000 shares for $52.03 per share. The transaction valued at 4,162,512 led to the insider holds 104,377 shares of the business.
ADKERSON RICHARD C sold 54,771 shares of FCX for $2,781,118 on May 06 ’24. The Chairman of the Board & CEO now owns 3,652,478 shares after completing the transaction at $50.78 per share. On May 01 ’24, another insider, Higgins Stephen T., who serves as the Senior VP & CAO of the company, sold 43,900 shares for $51.08 each. As a result, the insider received 2,242,333 and left with 104,377 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, FCX now has a Market Capitalization of 67144159232 and an Enterprise Value of 81194999808. As of this moment, Freeport-McMoRan’s Price-to-Earnings (P/E) ratio for their current fiscal year is 33.78, and their Forward P/E ratio for the next fiscal year is 21.15. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.35. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.59 while its Price-to-Book (P/B) ratio in mrq is 3.85. Its current Enterprise Value per Revenue stands at 3.167 whereas that against EBITDA is 8.287.
Stock Price History:
Over the past 52 weeks, FCX has reached a high of $55.07, while it has fallen to a 52-week low of $32.62. The 50-Day Moving Average of the stock is 1.17%, while the 200-Day Moving Average is calculated to be 1.86%.
Shares Statistics:
For the past three months, FCX has traded an average of 11.55M shares per day and 9358750 over the past ten days. A total of 1.44B shares are outstanding, with a floating share count of 1.39B. Insiders hold about 0.77% of the company’s shares, while institutions hold 86.65% stake in the company. Shares short for FCX as of 1728950400 were 24408940 with a Short Ratio of 2.11, compared to 1726185600 on 18657365. Therefore, it implies a Short% of Shares Outstanding of 24408940 and a Short% of Float of 1.71.
Dividends & Splits
According to the company, the forward annual dividend rate for FCX is 0.30, from 0.6 in the trailing year. Against a Trailing Annual Dividend Yield of 0.012839718The stock’s 5-year Average Dividend Yield is 3.73.
