On Monday, ArcelorMittal (NYSE: MT) opened higher 3.83% from the last session, before settling in for the closing price of $24.02. Price fluctuations for MT have ranged from $20.52 to $29.01 over the past 52 weeks.
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Basic Materials Sector giant saw their annual sales surged by 0.37% over the last five years. Company’s average yearly earnings per share was noted 167.74% at the time writing. With a float of $785.39 million, this company’s outstanding shares have now reached $819.27 million.
The firm has a total of 126756 workers. Let’s measure their productivity. In terms of profitability, gross margin is -9.7%, operating margin of 35.39%, and the pretax margin is 1.3%.
ArcelorMittal (MT) Breakdown of a Key Holders of the stock
A key investor’s attitude towards the stock of the Steel industry is another important factor to consider. The insider ownership of ArcelorMittal is 0.00%, while institutional ownership is 4.21%.
ArcelorMittal (MT) Recent Fiscal highlights
If we go through the results of last quarter, which was made public on 6/30/2024, the company posted 1.1 earnings per share (EPS) for the quarter, besting the agreed prediction (set at 0.96) by 0.14. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.62 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 167.74% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 12.81% during the next five years compared to -26.46% drop over the previous five years of trading.
ArcelorMittal (NYSE: MT) Trading Performance Indicators
Check out the current performance indicators for ArcelorMittal (MT). In the past quarter, the stock posted a quick ratio of 0.66. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.31. Likewise, its price to free cash flow for the trailing twelve months is 26.31.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.69, a number that is poised to hit 0.52 in the next quarter and is forecasted to reach 4.07 in one year’s time.
Technical Analysis of ArcelorMittal (MT)
Analysing the last 5-days average volume posted by the [ArcelorMittal, MT], we can find that recorded value of 1.25 million was lower than the volume posted last year of 1.6 million. As of the previous 9 days, the stock’s Stochastic %D was 62.82%. Additionally, its Average True Range was 0.52.
During the past 100 days, ArcelorMittal’s (MT) raw stochastic average was set at 75.36%, which indicates a significant decrease from 98.42% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 27.62% in the past 14 days, which was lower than the 30.15% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $23.89, while its 200-day Moving Average is $24.96. Now, the first resistance to watch is $25.18. This is followed by the second major resistance level at $25.42. The third major resistance level sits at $25.88. If the price goes on to break the first support level at $24.49, it is likely to go to the next support level at $24.03. Now, if the price goes above the second support level, the third support stands at $23.79.
ArcelorMittal (NYSE: MT) Key Stats
There are currently 805,338K shares outstanding in the company with a market cap of 19.59 billion. Presently, the company’s annual sales total 68,275 M according to its annual income of 919,000 K. Last quarter, the company’s sales amounted to 16,249 M and its income totaled 504,000 K.
