ArcelorMittal (NYSE:MT) currently has a daily average trading volume of 1.54M but it saw 1385790 shares traded in last market. With a market cap of 22.42B USD, the company’s current market price of $27.36 came falling about -1.33 while comparing to the previous closing price of $27.73. In past 52 weeks, the stock remained buoying in the range of price level as high as $30.15 and as low as $21.30.
Taking a look at 20-day trading activity of ArcelorMittal (MT) gives us an average price of $26.93, while its current price level is -9.25% below from 52-week high level whereas it is 28.45% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $26.96 while that of 200 days or SMA-200 reads an average of $26.08. A closer look into the stock’s movement over the week reveals that its volatility is standing at 1.50% during that period while stretching the period over a month that decreases to 1.45%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 55.68 which implies that the stock is in neutral territory.
Over the week, MT’s stock price is moving -1.62% down while it is 8.83% when we observe its performance for the past one month. Year-to-date it is -3.63% down and over the past year, the stock is showing a downside performance of -6.68%.
The latest quarterly earnings report issued by the company was for quarter ended 12/30/2023, when its quarterly earnings per share (EPS) of $1.18 beat the consensus estimate of -$2.05 for the same. For MT, analysts are forecasting an EPS-growth rate of -25.10% for current year and estimate for EPS growth in next year is 23.60%. In next quarter, company is expected to be making quarterly sales of $17.27 billion as analysts are expecting the sales for current fiscal year at $62.47 billion and seeing the company making $62.67 billion in sales next year. Moreover, analysts are in estimates of $16.37 billion for current-quarter revenue.
Currently, ArcelorMittal’s total number of outstanding shares is 819.27M with 0.00% of that held by the insiders while 4.59% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 1.48% and return on equity (ROE) at 1.73%. It has a price to earnings ratio (P/E ratio) of 27.91 while having a 5.37 of forward P/E ratio. Stock’s beta reads 1.92. Stock has a price to book (P/B) ratio of 0.42 while price to sale or P/S ratio amounts to 0.33. Its return on asset (ROA) is 0.98% on average.
