ArcelorMittal (MT) concluded trading on Wednesday at a closing price of $29.02, with 4.92 million shares of worth about $142.81 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 32.69% during that period and on February 12, 2025 the price saw a gain of about 6.03%. Currently the company’s common shares owned by public are about 785.39M shares, out of which, 785.28M shares are available for trading.
Stock saw a price change of 13.89% in past 5 days and over the past one month there was a price change of 30.19%. Year-to-date (YTD), MT shares are showing a performance of 25.46% which increased to 0.42% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $20.52 but also hit the highest price of $28.84 during that period. The average intraday trading volume for ArcelorMittal shares is 1.74 million. The stock is currently trading 14.75% above its 20-day simple moving average (SMA20), while that difference is up 19.01% for SMA50 and it goes to 20.10% higher than SMA200.
ArcelorMittal (NYSE: MT) currently have 785.39M outstanding shares and institutions hold larger chunk of about 4.72% of that.
The stock has a current market capitalization of $22.79B and its 3Y-monthly beta is at 1.81. PE ratio of stock for trailing 12 months is 17.12, while it has posted earnings per share of $1.69 in the same period. Its PEG reads 0.33 and has Quick Ratio of 0.59 while making debt-to-equity ratio of 0.23. 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 3.80% while standing at 2.07% over the month.
Stock’s fiscal year EPS is expected to rise by 125.49% while it is estimated to increase by 31.95% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by BofA Securities on November 14, 2024 offering a Buy rating for the stock and assigned a target price range of between $30 and $32.90 to it. Stock get a Neutral rating from Goldman on May 09, 2024.
