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In the latest session, ArcelorMittal (NYSE: MT) closed at $30.52 down -4.80% from its previous closing price of $32.06. In other words, the price has decreased by -$4.80 from its previous closing price. On the day, 4.2 million shares were traded. MT stock price reached its highest trading level at $31.09 during the session, while it also had its lowest trading level at $30.425.
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 3.62 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 52.51. 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.
On November 14, 2024, BofA Securities Upgraded its rating to Buy which previously was Neutral and also upped its target price recommendation 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 23456055296 and an Enterprise Value of 30682042368. As of this moment, ArcelorMittal’s Price-to-Earnings (P/E) ratio for their current fiscal year is 18.39, and their Forward P/E ratio for the next fiscal year is 6.04. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.38. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.38 while its Price-to-Book (P/B) ratio in mrq is 0.48. Its current Enterprise Value per Revenue stands at 0.491 whereas that against EBITDA is 5.451.
Stock Price History:
The Beta on a monthly basis for MT is 1.52, which has changed by 0.15562284 over the last 52 weeks, in comparison to a change of 0.087141395 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 15.77%, while the 200-Day Moving Average is calculated to be 24.37%.
Shares Statistics:
For the past three months, MT has traded an average of 2.31M shares per day and 4517630 over the past ten days. 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 1740700800 were 4464962 with a Short Ratio of 1.93, compared to 1738281600 on 4109261. Therefore, it implies a Short% of Shares Outstanding of 4464962 and a Short% of Float of 1.04.
Dividends & Splits
According to the company, the forward annual dividend rate for MT is 0.50, from 0.55 in the trailing year. Against a Trailing Annual Dividend Yield of 0.017155332The 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 2024-11-12 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.
