Those aspiring to outpace the market meticulously engage in the process of selecting individual stocks. Strategic choices can be instrumental in accelerating your wealth.
In the latest session, ArcelorMittal (NYSE: MT) closed at $25.49 up 0.43% from its previous closing price of $25.38. In other words, the price has increased by $0.43 from its previous closing price. On the day, 1.15 million shares were traded. MT stock price reached its highest trading level at $25.59 during the session, while it also had its lowest trading level at $25.345.
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 2.68 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 6.89. For the most recent quarter (mrq), Quick Ratio is recorded 0.67 and its Current Ratio is at 1.53. In the meantime, Its Debt-to-Equity ratio is 0.20 whereas as Long-Term Debt/Eq ratio is at 0.16.
On April 16, 2024, Deutsche Bank Downgraded its rating to Hold which previously was Buy and also lowered its target price recommendation from $34 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 20840316928 and an Enterprise Value of 27636219904. As of this moment, ArcelorMittal’s Price-to-Earnings (P/E) ratio for their current fiscal year is 26.00, and their Forward P/E ratio for the next fiscal year is 5.14. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.31 while its Price-to-Book (P/B) ratio in mrq is 0.39. Its current Enterprise Value per Revenue stands at 0.418 whereas that against EBITDA is 5.051.
Stock Price History:
Over the past 52 weeks, MT has reached a high of $29.15, while it has fallen to a 52-week low of $21.30. The 50-Day Moving Average of the stock is -3.27%, while the 200-Day Moving Average is calculated to be -1.71%.
Shares Statistics:
For the past three months, MT has traded an average of 1.63M shares per day and 1631020 over the past ten days. A total of 819.27M shares are outstanding, with a floating share count of 819.27M. Insiders hold about 0.00% of the company’s shares, while institutions hold 4.51% stake in the company. Shares short for MT as of 1713139200 were 5987890 with a Short Ratio of 3.64, compared to 1710460800 on 5564954.
Dividends & Splits
According to the company, the forward annual dividend rate for MT is 0.44, from 0.5 in the trailing year. Against a Trailing Annual Dividend Yield of 0.019700551The stock’s 5-year Average Dividend Yield is 3.21.
