ArcelorMittal (MT) concluded trading on Wednesday at a closing price of $33.69, with 6.1 million shares of worth about $205.47 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 42.63% during that period and on March 05, 2025 the price saw a gain of about 11.34%. Currently the company’s common shares owned by public are about 785.39M shares, out of which, 785.39M shares are available for trading.
Stock saw a price change of 16.25% in past 5 days and over the past one month there was a price change of 38.41%. Year-to-date (YTD), MT shares are showing a performance of 45.65% which increased to 29.93% 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 $31.31 during that period. The average intraday trading volume for ArcelorMittal shares is 1.98 million. The stock is currently trading 18.10% above its 20-day simple moving average (SMA20), while that difference is up 32.34% for SMA50 and it goes to 38.14% higher than SMA200.
ArcelorMittal (NYSE: MT) currently have 785.39M outstanding shares and institutions hold larger chunk of about 4.69% of that.
The stock has a current market capitalization of $26.46B and its 3Y-monthly beta is at 1.62. PE ratio of stock for trailing 12 months is 19.88, while it has posted earnings per share of $1.69 in the same period. Its PEG reads 0.38 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 5.03% while standing at 2.97% over the month.
Stock’s fiscal year EPS is expected to rise by 124.75% while it is estimated to increase by 32.19% in next year.
Coverage by BofA Securities stated ArcelorMittal (MT) stock as a Buy in their note to investors on November 14, 2024, suggesting a price target of $32.90 for the stock. On October 11, 2024, JP Morgan Downgrade their recommendations, while on August 28, 2024, Deutsche Bank Upgrade their ratings for the stock with a price target of $31. Stock get an Overweight rating from Barclays on August 19, 2024.
