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 company’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.
25-cent Stock Takes $11T Commodities Sector Digital
One brilliantly-run technology firm has successfully partnered with some of the largest players in the industry to bring a first-of-its-kind digital solution to the global commodities supply chain sector. Best of all, this upstart technology firm is currently trading undiscovered — below 25-cents per share — so very, very few investors know about it yet! For investors… it's an early-stage opportunity in a company that's bringing the US$11T global commodities sector straight into the 21st century.
All the details are in the FREE online report you can get here.
Sponsored
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 company’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 company’s annual revenue in 2023 is $74.02 billion. The company’s revenue is forecast to drop by -7.30% over what it did in 2023.
A company’s earnings reviews provide a brief indication of a stock’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 stock’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 MT’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)’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 MT’s share price rises to $38.50, which is the median consensus price. At that level, MT’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 stock’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 Corporation’s 3.23 and Nucor Corporation’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 company’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 company’s total outstanding shares. It is noteworthy that short shares in April were up slightly from the previous month’s figure, which was 3.35 million. However, since the stock’s price has seen -2.14% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
