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ArcelorMittal (NYSE: MT) closed the day trading at $30.77 down -2.47% from the previous closing price of $31.55. In other words, the price has decreased by -$2.47 from its previous closing price. On the day, 2.4 million shares were traded. MT stock price reached its highest trading level at $31.39 during the session, while it also had its lowest trading level at $30.725.
Ratios:
For a better understanding of MT, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 3.65 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 52.94. For the most recent quarter (mrq), Quick Ratio is recorded 0.59 and its Current Ratio is at 1.35. In the meantime, Its Debt-to-Equity ratio is 0.23 whereas as Long-Term Debt/Eq ratio is at 0.18.
BofA Securities Upgraded its Neutral to Buy on November 14, 2024, whereas the target price for the stock was revised from $30 to $32.90.
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 24564584448 and an Enterprise Value of 30874179584. As of this moment, ArcelorMittal’s Price-to-Earnings (P/E) ratio for their current fiscal year is 18.54, and their Forward P/E ratio for the next fiscal year is 6.15. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.38. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.38 while its Price-to-Book (P/B) ratio in mrq is 0.48. Its current Enterprise Value per Revenue stands at 0.494 whereas that against EBITDA is 5.485.
Stock Price History:
The Beta on a monthly basis for MT is 1.60, which has changed by 0.13448405 over the last 52 weeks, in comparison to a change of 0.10063088 over the same period for the S&P500. Over the past 52 weeks, MT has reached a high of $34.90, while it has fallen to a 52-week low of $20.52. The 50-Day Moving Average of the stock is 8.96%, while the 200-Day Moving Average is calculated to be 23.88%.
Shares Statistics:
Over the past 3-months, MT traded about 2.39M shares per day on average, while over the past 10 days, MT traded about 2064560 shares per day. A total of 768.55M shares are outstanding, with a floating share count of 768.54M. Insiders hold about 0.00% of the company’s shares, while institutions hold 4.79% stake in the company. Shares short for MT as of 1741910400 were 4390958 with a Short Ratio of 1.84, compared to 1739491200 on 5676261. Therefore, it implies a Short% of Shares Outstanding of 4390958 and a Short% of Float of 1.0299999.
Dividends & Splits
MT’s forward annual dividend rate is 0.50, up from 0.55 a year ago. Against a Trailing Annual Dividend Yield of 0.017432647The stock’s 5-year Average Dividend Yield is 3.21. The current Payout Ratio is 38.94% for MT, which recently paid a dividend on 2024-11-12 with an ex-dividend date of 1747353600. Stock splits for the company last occurred on 2017-05-22 when the company split stock in a 1:3 ratio.
