ArcelorMittal (NYSE:MT) currently has a daily average trading volume of 2.31M but it saw 4201993 shares traded in last market. With a market cap of 23.46B USD, the company’s current market price of $30.52 came falling about -4.80 while comparing to the previous closing price of $32.06. In past 52 weeks, the stock remained buoying in the range of price level as high as $34.90 and as low as $20.52. In the recent trading on the day, stock has struck highest price mark of $30.425 while lowest mark touched by it was $31.09.
Taking a look at 20-day trading activity of ArcelorMittal (MT) gives us an average price of $29.73, while its current price level is -12.55% below from 52-week high level whereas it is 48.73% 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 $26.36 while that of 200 days or SMA-200 reads an average of $24.54. A closer look into the stock’s movement over the week reveals that its volatility is standing at 3.88% during that period while stretching the period over a month that decreases to 3.26%. 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 56.06 which implies that the stock is in neutral 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 -9.41% down while it is 8.53% when we observe its performance for the past one month. Year-to-date it is 31.95% up and over the past year, the stock is showing an upside performance of 16.98%.
The company is expected to be releasing its next quarterly report on 2025-Feb-05, for which analysts forecasted an EPS of 1.01 while estimate for next year EPS is 4.09. In next quarter, company is expected to be making quarterly sales of $15.32B as analysts are expecting the sales for current fiscal year at $62.3B and seeing the company making $64.23B in sales next year. Moreover, analysts are in estimates of $15.08B for current-quarter revenue.
Currently, ArcelorMittal’s total number of outstanding shares is 768.55M with 0.00% of that held by the insiders while 4.95% of its common stock has been owned by the institutions. 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 18.39 while having a 6.04 of forward P/E ratio. Stock’s beta reads 1.52. Stock has a price to book (P/B) ratio of 0.48 while price to sale or P/S ratio amounts to 0.38. Its return on asset (ROA) is 1.46% on average.
