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After finishing at $28.85 in the prior trading day, ArcelorMittal (NYSE: MT) closed at $28.99, up 0.49%. In other words, the price has increased by $0.49 from its previous closing price. On the day, 1.53 million shares were traded. MT stock price reached its highest trading level at $29.13 during the session, while it also had its lowest trading level at $28.705.
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 3.44 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 49.88. 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 22280177664 and an Enterprise Value of 29506166784. As of this moment, ArcelorMittal’s Price-to-Earnings (P/E) ratio for their current fiscal year is 17.47, and their Forward P/E ratio for the next fiscal year is 5.79. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.36. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.36 while its Price-to-Book (P/B) ratio in mrq is 0.45. Its current Enterprise Value per Revenue stands at 0.473 whereas that against EBITDA is 5.242.
Stock Price History:
The Beta on a monthly basis for MT is 1.59, which has changed by 0.04543817 over the last 52 weeks, in comparison to a change of 0.08089435 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 0.92%, while the 200-Day Moving Average is calculated to be 16.31%.
Shares Statistics:
The stock has traded on average 2.50M shares per day over the past 3-months and 1959880 shares per day over the last 10 days, according to various share statistics. 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 1.76, 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
In the trailing 12 months, MT’s forward annual dividend rate was 0.55, compared to 0.50 this year. Against a Trailing Annual Dividend Yield of 0.019064125The stock’s 5-year Average Dividend Yield is 3.21.
