ArcelorMittal (NYSE: MT) kicked off on Tuesday, down -0.15% from the previous trading day, before settling in for the closing price of $26.26. Over the past 52 weeks, MT has traded in a range of $20.52-$29.01.
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A company in the Basic Materials sector has jumped its sales by 0.37% annually for the last half of the decade. While this was happening, its average annual earnings per share was recorded 191.38%. With a float of $785.39 million, this company’s outstanding shares have now reached $819.27 million.
In an organization with 126756 employees, it is important to assess its efficiency.
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 4.23%.
ArcelorMittal (MT) Latest Financial update
In the latest quarterly report, which was put into the public domain on 6/30/2024, the organization reported 1.1 earnings per share (EPS), higher than consensus estimate (set at 0.96) by 0.14. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.81 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 191.38% 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 0.66. 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 27.66.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.69, a number that is poised to hit 0.53 in the next quarter and is forecasted to reach 4.38 in one year’s time.
Technical Analysis of ArcelorMittal (MT)
Let’s dig in a bit further. During the last 5-days, its volume was 1.77 million. That was better than the volume of 1.62 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 93.54%. Additionally, its Average True Range was 0.58.
During the past 100 days, ArcelorMittal’s (MT) raw stochastic average was set at 91.86%, which indicates a significant decrease from 96.18% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 31.06% in the past 14 days, which was higher than the 29.75% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $22.93, while its 200-day Moving Average is $25.29. However, in the short run, ArcelorMittal’s stock first resistance to watch stands at $26.44. Second resistance stands at $26.66. The third major resistance level sits at $26.95. If the price goes on to break the first support level at $25.92, it is likely to go to the next support level at $25.63. The third support level lies at $25.41 if the price breaches the second support level.
ArcelorMittal (NYSE: MT) Key Stats
The company with the Market Capitalisation of 20.59 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 16,249 M and last quarter income was 504,000 K.
