A new trading day began on January 24, 2023, with ArcelorMittal S.A. (NYSE: MT) stock priced at $30.71, up 0.55% from the previous day of trading. During the day, the shares moved up to $31.255 and dropped to $30.62 before settling in for the closing price of $31.00. MT’s price has ranged from $19.25 to $34.59 over the past 52 weeks.
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Basic Materials Sector giant saw their annual sales surged by 6.20% over the last five years. Meanwhile, its annual earnings per share averaged -23.70%. With a float of $693.16 million, this company’s outstanding shares have now reached $892.00 million.
The firm has a total of 158000 workers. Let’s measure their productivity. In terms of profitability, gross margin is +24.83, operating margin of +21.89, and the pretax margin is +20.66.
ArcelorMittal S.A. (MT) Insider Activity
As we move forward, let’s examine how large-scale investors are investing in this stock of the Steel Industry. The insider ownership of ArcelorMittal S.A. is 44.80%, while institutional ownership is 6.40%.
ArcelorMittal S.A. (MT) Earnings and Forecasts
In its latest quarterly report, released on 6/29/2022, the company reported earnings of $4.24 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). This company achieved a net margin of +19.53 while generating a return on equity of 34.51. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.85 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -23.70% per share during the next fiscal year.
ArcelorMittal S.A. (NYSE: MT) Trading Performance Indicators
Here are ArcelorMittal S.A.’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 0.70. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.32. Likewise, its price to free cash flow for the trailing twelve months is 3.67.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 13.73, a number that is poised to hit 0.32 in the next quarter and is forecasted to reach 2.34 in one year’s time.
Technical Analysis of ArcelorMittal S.A. (MT)
Analysing the last 5-days average volume posted by the [ArcelorMittal S.A., MT], we can find that recorded value of 1.59 million was lower than the volume posted last year of 2.47 million. As of the previous 9 days, the stock’s Stochastic %D was 74.12%. Additionally, its Average True Range was 0.67.
During the past 100 days, ArcelorMittal S.A.’s (MT) raw stochastic average was set at 95.59%, which indicates a significant increase from 88.30% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 24.12% in the past 14 days, which was lower than the 41.38% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $27.43, while its 200-day Moving Average is $25.74. Now, the first resistance to watch is $31.41. This is followed by the second major resistance level at $31.65. The third major resistance level sits at $32.04. If the price goes on to break the first support level at $30.78, it is likely to go to the next support level at $30.38. Should the price break the second support level, the third support level stands at $30.14.
ArcelorMittal S.A. (NYSE: MT) Key Stats
With a market capitalization of 26.73 billion, the company has a total of 937,810K Shares Outstanding. Currently, annual sales are 76,571 M while annual income is 14,956 M. The company’s previous quarter sales were 18,975 M while its latest quarter income was 993,000 K.