ArcelorMittal (NYSE: MT) is -10.46% lower on its value in year-to-date trading and has touched a low of $20.52 and a high of $29.01 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The MT stock was last observed hovering at around $25.18 in the last trading session, with the day’s gains setting it 0.24%.
Currently trading at $25.42, the stock is 4.10% and 5.37% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.17 million and changing 0.95% at the moment leaves the stock 2.10% off its SMA200. MT registered 8.59% gain for a year compared to 6-month loss of 0.16%. The firm has a 50-day simple moving average (SMA 50) of $24.0852 and a 200-day simple moving average (SMA200) of $24.9055.
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The stock witnessed a 3.21% gain in the last 1 month and extending the period to 3 months gives it a 16.50%, and is 3.46% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.77% over the week and 1.48% over the month.
ArcelorMittal (MT) has around 126756 employees, a market worth around $19.96B and $63.68B in sales. Fwd P/E is 6.25. Profit margin for the company is -0.93%. Distance from 52-week low is 23.88% and -12.38% from its 52-week high. The company has generated returns on investments over the last 12 months (-0.97%).
ArcelorMittal quarterly earnings per share for the current quarter are estimated at 0.51 with sales reaching $15.25B over the same period.The EPS is expected to grow by 167.74% this year, but quarterly earnings will post -7.50% year-over-year.
The shares outstanding are 819.27M, and float is at 785.39M with Short Float at 0.70%.
The top institutional shareholder in the company is DIMENSIONAL FUND ADVISORS LP with over 3.33 million shares valued at $76.29 million. The investor’s holdings represent 0.4113 of the MT Shares outstanding. As of 2024-06-30, the second largest holder is ARROWSTREET CAPITAL, LIMITED PARTNERSHIP with 2.92 million shares valued at $66.84 million to account for 0.3603 of the shares outstanding. The other top investors are CLEARBRIDGE INVESTMENTS, LLC which holds 2.6 million shares representing 0.3216 and valued at over $59.65 million, while KGH LTD holds 0.314 of the shares totaling 2.54 million with a market value of $58.24 million.
