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After finishing at $22.19 in the prior trading day, ArcelorMittal (NYSE: MT) closed at $22.03, down -0.72%. In other words, the price has decreased by -$0.72 from its previous closing price. On the day, 1.93 million shares were traded. MT stock price reached its highest trading level at $22.39 during the session, while it also had its lowest trading level at $21.975.
Ratios:
Our goal is to gain a better understanding of MT by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 2.93 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 23.24. 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 November 14, 2024, 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 18123331584 and an Enterprise Value of 25360340992. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.27 while its Price-to-Book (P/B) ratio in mrq is 0.33. Its current Enterprise Value per Revenue stands at 0.407 whereas that against EBITDA is 6.13.
Stock Price History:
The Beta on a monthly basis for MT is 1.73, which has changed by -0.17845243 over the last 52 weeks, in comparison to a change of 0.24933672 over the same period for the S&P500. Over the past 52 weeks, MT has reached a high of $28.95, while it has fallen to a 52-week low of $20.52. The 50-Day Moving Average of the stock is -10.13%, while the 200-Day Moving Average is calculated to be -9.79%.
Shares Statistics:
The stock has traded on average 1.47M shares per day over the past 3-months and 1168880 shares per day over the last 10 days, according to various share statistics. A total of 785.39M shares are outstanding, with a floating share count of 785.39M. Insiders hold about 0.00% of the company’s shares, while institutions hold 4.26% stake in the company. Shares short for MT as of 1734048000 were 3979813 with a Short Ratio of 2.71, compared to 1731628800 on 3625798. Therefore, it implies a Short% of Shares Outstanding of 3979813 and a Short% of Float of 0.50999997.
Dividends & Splits
In the trailing 12 months, MT’s forward annual dividend rate was 0.5, compared to 0.50 this year. Against a Trailing Annual Dividend Yield of 0.022532672The 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 2024-05-16 with an ex-dividend date of 1731369600. Stock splits for the company last occurred on 2017-05-22 when the company split stock in a 1:3 ratio.
