ArcelorMittal (NYSE:MT) currently has a daily average trading volume of 1.70M but it saw 1518686 shares traded in last market. With a market cap of 17.14B USD, the company’s current market price of $21.82 came rising about 1.49 while comparing to the previous closing price of $21.50. In past 52 weeks, the stock remained buoying in the range of price level as high as $29.01 and as low as $20.52. In the recent trading on the day, stock has struck highest price mark of $21.655 while lowest mark touched by it was $21.905.
Taking a look at 20-day trading activity of ArcelorMittal (MT) gives us an average price of $22.39, while its current price level is -24.78% below from 52-week high level whereas it is 6.34% 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 $23.39 while that of 200 days or SMA-200 reads an average of $25.37. A closer look into the stock’s movement over the week reveals that its volatility is standing at 2.17% during that period while stretching the period over a month that decreases to 2.08%. 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 42.58 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 1.87% up while it is -3.41% when we observe its performance for the past one month. Year-to-date it is -23.14% down and over the past year, the stock is showing a downside performance of -19.66%.
Currently, ArcelorMittal’s total number of outstanding shares is 819.27M. Company’s return on investment (ROI) stands at -0.97% and return on equity (ROE) at -1.10%. It has a 4.70 of forward P/E ratio. Stock’s beta reads 1.74. Stock has a price to book (P/B) ratio of 0.33 while price to sale or P/S ratio amounts to 0.27. Its return on asset (ROA) is -0.64% on average.
