The trading price of ArcelorMittal S.A. (NYSE:MT) floating lower at last check on Wednesday, May 24, closing at $25.66, -1.84% lower than its previous close.
Traders who pay close attention to intraday price movement should know that it has been fluctuating between $26.122 and $26.595. The companyâ€™s P/E ratio in the trailing 12-month period was 3.78, while its 5Y monthly beta was 1.95. In examining the 52-week price action we see that the stock hit a 52-week high of $33.77 and a 52-week low of $19.25. Over the past month, the stock has lost -6.08% in value.
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ArcelorMittal S.A., whose market valuation is $22.30 billion at the time of this writing, is expected to release its quarterly earnings report Feb 21, 2017 – Feb 27, 2017. The dividend yield on the company stock is 0.84%, while its Forward Dividend ratio is 0.22. Investors’ optimism about the companyâ€™s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by $1.67 per share this quarter, however they have predicted annual earnings per share of $5.12 for 2023 and $5.37 for 2024. It means analysts are expecting annual earnings per share growth of -55.90% this year and 4.90% next year.
From the analysts’ viewpoint, the consensus estimate for the companyâ€™s annual revenue in 2023 is $74.02 billion. The companyâ€™s revenue is forecast to drop by -7.30% over what it did in 2023.
A companyâ€™s earnings reviews provide a brief indication of a stockâ€™s direction in the short term, where in the case of ArcelorMittal S.A. No upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest MT has a 50% Sell on average for the short term. According to the data of the stockâ€™s medium term indicators, the stock is currently averaging as a Hold, while an average of long term indicators suggests that the stock is currently 50% Sell.
A quick review shows that MTâ€™s price is currently -5.39% off the SMA20 and -8.43% off the SMA50. The RSI metric on the 14-day chart is currently showing 36.77, and weekly volatility stands at 1.68%. When measured over the past 30 days, the indicator reaches 1.99%. ArcelorMittal S.A. (NYSE:MT)â€™s beta value is currently sitting at 1.91, while the Average True Range indicator is currently displaying 0.70. With analysts defining $27.50-$53.35 as the low and high price targets, we arrive at a consensus price target of $38.07 for the trailing 12-month period. The current price is about -7.17% off the estimated low and -107.91% off the forecast high, based on this estimate. Investors will be thrilled if MTâ€™s share price rises to $38.50, which is the median consensus price. At that level, MTâ€™s share price would be -50.04% below current price.
To see how ArcelorMittal S.A. stock has been performing today in comparison to its peers in the industry, here are the numbers: MT stockâ€™s performance was -1.84% at last check in today’s session, and -15.56% in the past year, while United States Steel Corporation (X) has been trading -2.61% in recent session and positioned -16.02% lower than it was a year ago. Another comparable company Nucor Corporation (NUE) saw its stock trading -1.83% lower in today’s session but was up 6.41% in a year. Furthermore, Gerdau S.A. (GGB) showed a decrease of -1.50% today while its price kept declining at -10.37% over the past year. ArcelorMittal S.A. has a P/E ratio of 3.78, compared to United States Steel Corporationâ€™s 3.23 and Nucor Corporationâ€™s 5.34. Also during today’s trading, the S&P 500 Index has plunged -0.74%, while the Dow Jones Industrial also saw a negative session, down -0.61% today.
An evaluation of the daily trading volume of ArcelorMittal S.A. (NYSE:MT) indicates that the 3-month average is 2.69 million. However, this figure has increased over the past 10 days to an average of 3.48 million.
Currently, records show that 859.00 million of the companyâ€™s shares remain outstanding. The insiders hold 44.80% of outstanding shares, whereas institutions hold 6.40%. The stats also highlight that short interest as of Apr 27, 2023, stood at 4.09 million shares, resulting in a short ratio of 1.66 at that time. From this, we can conclude that short interest is 0.52% of the companyâ€™s total outstanding shares. It is noteworthy that short shares in April were up slightly from the previous monthâ€™s figure, which was 3.35 million. However, since the stockâ€™s price has seen -2.14% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.