ArcelorMittal (NYSE:MT) currently has a daily average trading volume of 1.64M but it saw 1036059 shares traded in last market. With a market cap of 18.72B USD, the company’s current market price of $23.84 came rising about 1.40 while comparing to the previous closing price of $23.51. 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 $23.605 while lowest mark touched by it was $23.88.
Taking a look at 20-day trading activity of ArcelorMittal (MT) gives us an average price of $24.78, while its current price level is -17.82% below from 52-week high level whereas it is 16.18% 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 $23.80 while that of 200 days or SMA-200 reads an average of $24.98. A closer look into the stock’s movement over the week reveals that its volatility is standing at 1.45% during that period while stretching the period over a month that decreases to 1.28%. 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 45.99 which implies that the stock is in neutral territory.
Deutsche Bank upgraded its recommendation for the stock as a “Buy” from “Hold” on August 28, 2024 while assigning a price target range of $29-$31.
Over the week, MT’s stock price is moving -0.21% down while it is -3.36% when we observe its performance for the past one month. Year-to-date it is -16.03% down and over the past year, the stock is showing an upside performance of 7.78%.
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 5.77 of forward P/E ratio. Stock’s beta reads 1.77. Stock has a price to book (P/B) ratio of 0.36 while price to sale or P/S ratio amounts to 0.29. Its return on asset (ROA) is -0.64% on average.
