ArcelorMittal (NYSE:MT) currently has a daily average trading volume of 1.98M but it saw 6098877 shares traded in last market. With a market cap of 26.46B USD, the company’s current market price of $33.69 came rising about 11.34 while comparing to the previous closing price of $30.26. In past 52 weeks, the stock remained buoying in the range of price level as high as $31.31 and as low as $20.52.
Taking a look at 20-day trading activity of ArcelorMittal (MT) gives us an average price of $28.53, while its current price level is 7.60% below from 52-week high level whereas it is 64.18% 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 $25.46 while that of 200 days or SMA-200 reads an average of $24.39. A closer look into the stock’s movement over the week reveals that its volatility is standing at 5.03% during that period while stretching the period over a month that decreases to 2.97%. 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 77.71 which implies that the stock is in overbought territory.
BofA Securities upgraded its recommendation for the stock as a “Buy” from “Neutral” on November 14, 2024 while assigning a price target range of $30-$32.90.
Over the week, MT’s stock price is moving 16.25% up while it is 38.41% when we observe its performance for the past one month. Year-to-date it is 45.65% up and over the past year, the stock is showing an upside performance of 29.93%.
Currently, ArcelorMittal’s total number of outstanding shares is 785.39M. Company’s return on investment (ROI) stands at 2.31% and return on equity (ROE) at 2.60%. It has a price to earnings ratio (P/E ratio) of 19.88 while having a 6.71 of forward P/E ratio. Stock’s beta reads 1.62. Stock has a price to book (P/B) ratio of 0.51 while price to sale or P/S ratio amounts to 0.42. Its return on asset (ROA) is 1.46% on average.
