ArcelorMittal (NYSE: MT) kicked off on Tuesday, down -6.57% from the previous trading day, before settling in for the closing price of $26.95. Over the past 52 weeks, MT has traded in a range of $21.30-$30.15.
Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.
Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here.
Sponsored
Annual sales at Basic Materials sector company grew by 0.37% over the past five years. While this was happening, its average annual earnings per share was recorded 261.05%. With a float of $819.27 million, this company’s outstanding shares have now reached $819.27 million.
Let’s look at the performance matrix of the company that is accounted for 126756 employees.
ArcelorMittal (MT) Insider and Institutional Ownership
Our next focus will be how large-scale investors are participating in this stock of the Steel Industry. The insider ownership of ArcelorMittal is 0.00%, while institutional ownership is 4.53%.
ArcelorMittal (MT) Latest Financial update
Wall Street market experts anticipate that the next fiscal year will bring earnings of 16.09 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 261.05% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will plunge by -12.61% during the next five years compared to -26.46% drop over the previous five years of trading.
ArcelorMittal (NYSE: MT) Trading Performance Indicators
Take a look at ArcelorMittal’s (MT) current performance indicators. Last quarter, stock had a quick ratio of 0.67. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.30. Likewise, its price to free cash flow for the trailing twelve months is 6.81.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.98, a number that is poised to hit 0.88 in the next quarter and is forecasted to reach 4.92 in one year’s time.
Technical Analysis of ArcelorMittal (MT)
ArcelorMittal (NYSE: MT) saw its 5-day average volume 2.02 million, a positive change from its year-to-date volume of 1.55 million. As of the previous 9 days, the stock’s Stochastic %D was 5.70%. Additionally, its Average True Range was 0.63.
During the past 100 days, ArcelorMittal’s (MT) raw stochastic average was set at 26.42%, which indicates a significant increase from 5.74% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 34.24% in the past 14 days, which was higher than the 27.07% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $26.89, while its 200-day Moving Average is $26.08. Nevertheless, the first resistance level for the watch stands at $25.39 in the near term. At $25.60, the stock is likely to face the second major resistance level. The third major resistance level sits at $25.79. If the price goes on to break the first support level at $24.98, it is likely to go to the next support level at $24.79. The third support level lies at $24.58 if the price breaches the second support level.
ArcelorMittal (NYSE: MT) Key Stats
The company with the Market Capitalisation of 20.63 billion has total of 805,338K Shares Outstanding. Its annual sales at the moment are 68,275 M in contrast with the sum of 919,000 K annual income. Company’s last quarter sales were recorded 14,552 M and last quarter income was -2,966 M.
