Here is the latest forecast and market data for Freeport-McMoRan Inc($FCX)

Market Data

In this article we will be analyzing Freeport-McMoRan Inc. We will be looking over the current market data to assess wether or not it is a good investment. To get started, the stock opened this morning at $34.34 and has moved $-1.19 from yesterday’s closing price of $34.39. The high for today is $34.41 and the low is $32.97. A great indicator of where a stock is trending is by looking at it’s 52-week high/low. This is a technical indicator used by some traders and investors who view these figures as an important factor in the analysis of a stock’s current value and as a predictor of its future price movement. The 52-week high for Freeport-McMoRan Inc is $46.1 and the low is $12.44. The volume (the number of shares traded in a stock or contracts traded in futures or options.) is 24832786. Now that we know where Freeport-McMoRan Inc stands in price and volume, let’s learn more about the future of the company.

Forecast & Beta

As an investor, you can get an idea of where the stock is trending by the forecast and beta. Beta is calculated using regression analysis. A beta of 1 indicates that the security’s price tends to move with the market. A beta greater than 1 indicates that the security’s price tends to be more volatile than the market. A beta of less than 1 means it tends to be less volatile than the market. Freeport-McMoRan Inc has a beta of 2.11765. Knowing all of this, we project that Freeport-McMoRan Inc will have a price of $43.86 in 12-months compared to it’s current price of $33.2 ($-11.6 difference). We can also take a look at the comapany’s marketcap. Marketcap is important because it allows investors to understand the relative size of one company versus another. Market cap measures what a company is worth on the open market, as well as the market’s perception of its prospects, because it reflects what investors are willing to pay for its stock. Freeport-McMoRan Inc has a marketcap of $50589980000.

Subscribe to our newsletter!

Leave a Reply

%d bloggers like this: