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After finishing at $24.85 in the prior trading day, ArcelorMittal (NYSE: MT) closed at $24.51, down -1.37%. In other words, the price has decreased by -$1.37 from its previous closing price. On the day, 1.25 million shares were traded. MT stock price reached its highest trading level at $24.76 during the session, while it also had its lowest trading level at $24.455.
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 3.26 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 25.86. 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.
On August 28, 2024, Deutsche Bank Upgraded its rating to Buy which previously was Hold and also upped its target price recommendation 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 19241527296 and an Enterprise Value of 26633854976. 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 0.418 whereas that against EBITDA is 5.852.
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 4.55%, while the 200-Day Moving Average is calculated to be -2.51%.
Shares Statistics:
The stock has traded on average 1.71M shares per day over the past 3-months and 1625540 shares per day over the last 10 days, according to various share statistics. 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 4.23% stake in the company. Shares short for MT as of 1727654400 were 4227463 with a Short Ratio of 2.48, compared to 1724976000 on 4720667. Therefore, it implies a Short% of Shares Outstanding of 4227463 and a Short% of Float of 0.54.
Dividends & Splits
In the trailing 12 months, MT’s forward annual dividend rate was 0.5, compared to 0.47 this year. Against a Trailing Annual Dividend Yield of 0.020120723The stock’s 5-year Average Dividend Yield is 3.21.
