ArcelorMittal (NYSE: MT) is 21.57% higher on its value in year-to-date trading and has touched a low of $20.52 and a high of $28.95 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The MT stock was last observed hovering at around $27.84 in the last trading session, with the day’s gains setting it 0.28%.
Currently trading at $28.12, the stock is 13.82% and 16.07% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.03 million and changing 1.01% at the moment leaves the stock 16.52% off its SMA200. MT registered 2.55% gain for a year compared to 6-month gain of 28.87%. The firm has a 50-day simple moving average (SMA 50) of $24.1616 and a 200-day simple moving average (SMA200) of $24.1179.
The stock witnessed a 28.87% gain in the last 1 month and extending the period to 3 months gives it a 10.62%, and is 15.53% 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 2.68% over the week and 1.85% over the month.
ArcelorMittal (MT) has around 126756 employees, a market worth around $22.09B and $62.42B in sales. Current P/E ratio is 16.59 and Fwd P/E is 5.59. Profit margin for the company is 2.15%. Distance from 52-week low is 37.04% and -2.87% from its 52-week high. The company has generated returns on investments over the last 12 months (2.31%).
with sales reaching $15.08B over the same period.The EPS is expected to grow by 125.49% this year, but quarterly earnings will post 0.80% year-over-year. Quarterly sales are estimated to shrink -7.40% in year-over-year returns.
ArcelorMittal (MT) Top Institutional Holders
The shares outstanding are 785.39M, and float is at 785.28M 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.
ArcelorMittal (MT) Insider Activity
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