Set Your Sights On ArcelorMittal (NYSE: MT)’S Upside Potential

ArcelorMittal (MT) concluded trading on Thursday at a closing price of $28.66, with 3.17 million shares of worth about $90.93 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 6.31% during that period and on Thursday the price saw a gain of about 4.52%. Currently the company’s common shares owned by public are about 805.34M shares, out of which, 780.34M shares are available for trading.

However, the stock later moved at a day high price of 28.77, or with a gain of 4.52%. Stock saw a price change of 2.95% in past 5 days and over the past one month there was a price change of 6.11%. Year-to-date (YTD), MT shares are showing a performance of 0.95% which decreased to -2.32% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $21.30 but also hit the highest price of $32.49 during that period. The average intraday trading volume for ArcelorMittal shares is 1.72 million. The stock is currently trading 5.67% above its 20-day simple moving average (SMA20), while that difference is up 6.08% for SMA50 and it goes to 9.75% higher than SMA200.

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ArcelorMittal (NYSE: MT) currently have 805.34M outstanding shares and institutions hold larger chunk of about 4.82% of that.

The stock has a current market capitalization of $22.36B and its 3Y-monthly beta is at 1.95. PE ratio of stock for trailing 12 months is 26.43, while it has posted earnings per share of $1.08 in the same period. It has Quick Ratio of 0.67 while making debt-to-equity ratio of 0.20. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for MT, volatility over the week remained 1.62% while standing at 1.47% over the month.

Analysts are in expectations that ArcelorMittal (MT) stock would likely to be making an EPS of -$2.05 in the current quarter, while forecast for next quarter EPS is $0.8 and it is $4.21 for next year. For the current quarter EPS, analysts have given the company a lowest target -$2.32 which is -$1.79 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $1.37 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 296.94% while it is estimated to increase by 21.28% in next year. EPS is likely to grow at an annualized rate of -12.61% for next 5-years, compared to annual growth of -26.46% made by the stock over the past 5-years.

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