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In the latest session, ArcelorMittal (NYSE: MT) closed at $24.86 down -1.00% from its previous closing price of $25.11. In other words, the price has decreased by -$1.00 from its previous closing price. On the day, 1.51 million shares were traded. MT stock price reached its highest trading level at $25.28 during the session, while it also had its lowest trading level at $24.855.
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 3.31 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 26.22. 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 19416805376 and an Enterprise Value of 27562080256. 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 0.37. Its current Enterprise Value per Revenue stands at 0.443 whereas that against EBITDA is 6.662.
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 0.21%, while the 200-Day Moving Average is calculated to be 0.51%.
Shares Statistics:
For the past three months, MT has traded an average of 1.55M shares per day and 1609250 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 4.29% stake in the company. Shares short for MT as of 1730332800 were 4985468 with a Short Ratio of 3.21, 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 0.019912384The stock’s 5-year Average Dividend Yield is 3.21.
