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In the latest session, ArcelorMittal (NYSE: MT) closed at $24.49 up 3.03% from its previous closing price of $23.77. In other words, the price has increased by $3.03 from its previous closing price. On the day, 1.7 million shares were traded. MT stock price reached its highest trading level at $24.9817 during the session, while it also had its lowest trading level at $24.475.
Ratios:
For a deeper understanding of ArcelorMittal’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 3.26 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 25.83. For the most recent quarter (mrq), Quick Ratio is recorded 0.66 and its Current Ratio is at 1.53. In the meantime, Its Debt-to-Equity ratio is 0.21 whereas as Long-Term Debt/Eq ratio is at 0.17.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, BofA Securities on Nov-15-24, Upgraded its rating to Buy and sets its target price to $32.90 from $30 previously.
Deutsche Bank Upgraded its Hold to Buy on August 28, 2024, whereas the target price for the stock was revised from $29 to $31.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, MT now has a Market Capitalization of 19048468480 and an Enterprise Value of 27274219520. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.30 while its Price-to-Book (P/B) ratio in mrq is 0.37. Its current Enterprise Value per Revenue stands at 0.438 whereas that against EBITDA is 6.593.
Stock Price History:
Over the past 52 weeks, MT has reached a high of $29.01, while it has fallen to a 52-week low of $20.52. The 50-Day Moving Average of the stock is 0.37%, while the 200-Day Moving Average is calculated to be -1.35%.
Shares Statistics:
For the past three months, MT has traded an average of 1.57M shares per day and 1945030 over the past ten days. A total of 819.27M shares are outstanding, with a floating share count of 785.39M. Insiders hold about 0.00% of the company’s shares, while institutions hold 4.07% stake in the company. Shares short for MT as of 1730332800 were 4985468 with a Short Ratio of 3.17, compared to 1727654400 on 4227463. Therefore, it implies a Short% of Shares Outstanding of 4985468 and a Short% of Float of 0.64.
Dividends & Splits
According to the company, the forward annual dividend rate for MT is 0.50, from 0.5 in the trailing year. Against a Trailing Annual Dividend Yield of 0.021034917The stock’s 5-year Average Dividend Yield is 3.21.
