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- Freeport-McMoRan’s (FCX) current price is 887% above the all-time low.
- FCX stock has a P/E ratio of 40.8
- Freeport-McMoRan Inc.’s live market cap is $44.2 Billion.
Freeport-McMoRan Inc. (FCX) is a mining company. FCX is involved in the extraction of gold copper and molybdenum.
Financial Data of Freeport-McMoRan Inc. (NYSE: FCX)
Freeport-McMoRan Inc. stock has a market price of $34.40 as of 25 August 2023. The market cap of FCX stock is $56.285 Billion. The stock has a beta of 1.53 and an EPS of $1.46 per share.
The dividend payout ratio of the FCX stock is 40.4% and the dividend yield ratio is 0.76%. The FCX stock pays a timely dividend to its shareholders quarterly.
The 52-week high of the Freeport-McMoRan Inc. stock is $46.56 and the 52-week low is $25.83. The average volume of the FCX stock is $8.1 Million.
The revenue of Freeport-McMoRan Inc. stock for the Q2 2023 is $5.93 Billion. The revenue of the FCX has declined by 4% year-over-year (YOY).
The price of the Freeport-McMoRan Inc. (FCX) stock declined by 10.11% in the last months which represents how the stock is currently in a downtrend.
The profit margin of the FCX stock is declining in the current year. The net income of the FCX stock has also shown a fall.
The Freeport-McMoRan stock has a P/E ratio of 27.06 and the gross profit of the FCX is $1.79 for Q2 2023. This gross profit has declined by over 31.2% Y-o-Y.
Freeport McMoRan Inc. (FCX) Technical Analysis
Freeport-McMoRan stock price is currently moving in a downtrend momentum. The price is now moving in a falling wedge pattern. This structure demonstrates that the FCX price is creating a negative structure and the price is likely to decline in the upcoming days.
EMA
Freeport-McMoRan Inc.’s stock price is weak. The Freeport-McMoRan price is trading below the 50-day and 100-day EMA levels. This is a bearish sign and shows that the FCX price will fall.
MACD
The MACD line for the Freeport-McMoRan stock is trading below the signal line. Also, there is a red histogram formation in the Freeport-McMoRan stock. This suggests that the Freeport-McMoRan stock is bearish and prices may fall in the next few days.
Conclusion
As per the analysis, the price of Freeport-McMoRan stock (FCX) is trading near the crucial support level. The price is moving in a falling wedge pattern. The price is forming a weak pattern. Also, the indicators are giving a weak signal.
Therefore, if the price breaks below the support level of $38.40, further price decline can be seen in the upcoming days.
Technical Levels
- Support Level: $38
- Resistance Level: $44
Disclaimer
The views and opinions of the author, or anyone named in this article, are for informational purposes only. They do not offer financial, investment, or other advice. Investing or trading crypto assets involves the risk of financial loss.
