ArcelorMittal (NYSE:MT) currently has a daily average trading volume of 1.65M but it saw 3685063 shares traded in last market. With a market cap of 17.55B USD, the company’s current market price of $21.42 came falling about -6.30 while comparing to the previous closing price of $22.86. In past 52 weeks, the stock remained buoying in the range of price level as high as $29.01 and as low as $21.30.
Taking a look at 20-day trading activity of ArcelorMittal (MT) gives us an average price of $22.76, while its current price level is -26.16% below from 52-week high level whereas it is 0.56% 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 $23.83 while that of 200 days or SMA-200 reads an average of $25.40. A closer look into the stock’s movement over the week reveals that its volatility is standing at 2.42% during that period while stretching the period over a month that decreases to 1.84%. 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 35.25 which implies that the stock is in neutral territory.
Deutsche Bank downgraded its recommendation for the stock as a “Hold” from “Buy” on April 16, 2024 while assigning a price target range of $34-$31.
Over the week, MT’s stock price is moving -4.84% down while it is -6.34% when we observe its performance for the past one month. Year-to-date it is -24.55% down and over the past year, the stock is showing a downside performance of -24.87%.
Currently, ArcelorMittal’s total number of outstanding shares is 819.27M. 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 21.85 while having a 4.66 of forward P/E ratio. Stock’s beta reads 1.77. Stock has a price to book (P/B) ratio of 0.33 while price to sale or P/S ratio amounts to 0.26. Its return on asset (ROA) is 0.98% on average.
