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.
As of close of business last night, Freeport-McMoRan Inc’s stock clocked out at $50.16, up 0.68% from its previous closing price of $49.82. In other words, the price has increased by $0.68 from its previous closing price. On the day, 15.71 million shares were traded. FCX stock price reached its highest trading level at $51.04 during the session, while it also had its lowest trading level at $49.675.
Ratios:
To gain a deeper understanding of FCX’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 12.06 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 158.13. For the most recent quarter (mrq), Quick Ratio is recorded 1.38 and its Current Ratio is at 2.42. In the meantime, Its Debt-to-Equity ratio is 0.59 whereas as Long-Term Debt/Eq ratio is at 0.54.
Bernstein Upgraded its Mkt Perform to Outperform on January 08, 2024, whereas the target price for the stock was revised from $41 to $48.50.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on May 12 ’23 when Lewis Sara Grootwassink bought 4,000 shares for $34.90 per share. The transaction valued at 139,597 led to the insider holds 17,800 shares of the business.
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 71950008320 and an Enterprise Value of 87661953024. As of this moment, Freeport-McMoRan’s Price-to-Earnings (P/E) ratio for their current fiscal year is 39.51, and their Forward P/E ratio for the next fiscal year is 23.83. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.60. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.17 while its Price-to-Book (P/B) ratio in mrq is 4.31. Its current Enterprise Value per Revenue stands at 3.836 whereas that against EBITDA is 10.364.
Stock Price History:
Over the past 52 weeks, FCX has reached a high of $52.42, while it has fallen to a 52-week low of $32.72. The 50-Day Moving Average of the stock is 16.94%, while the 200-Day Moving Average is calculated to be 26.25%.
Shares Statistics:
It appears that FCX traded 14.31M shares on average per day over the past three months and 16022530 shares per day over the past ten days. A total of 1.44B shares are outstanding, with a floating share count of 1.41B. Insiders hold about 1.66% of the company’s shares, while institutions hold 80.53% stake in the company. Shares short for FCX as of 1711584000 were 18085711 with a Short Ratio of 1.26, compared to 1709164800 on 15211250. Therefore, it implies a Short% of Shares Outstanding of 18085711 and a Short% of Float of 1.27.
Dividends & Splits
With its trailing 12-month dividend rate of 0.6, FCX has a forward annual dividend rate of 0.30. The stock’s 5-year Average Dividend Yield is 3.73.
Earnings Estimates
The current assessment of Freeport-McMoRan Inc (FCX) involves the perspectives of Freeport-McMoRan, Inc. analysts closely monitoring its market dynamics.The consensus estimate for the next quarter is $263.37, with high estimates of $2.56 and low estimates of $8.08.
