Investors’ outlook regarding the stock price performance over the year has been a mixed bag, with a range of optimism to pessimism depending on their perspective. Until today this year the stock’s price performance recorded an increase of 7.50%. However, over the last six months, the performance has been weaker by 11.80%. The price of MT increased 7.27% over the last 30 days. And in the last five days, it has surged by 7.27%.
ArcelorMittal experienced a somewhat shaky performance in the stock market. The company’s stock reached a 1-year high of $28.95 on 02/09/24, while the lowest price for the same period was registered at $20.52 on 08/05/24.
52-week price history of MT Stock
Analyzing a stock’s 52-week high and low prices can offer important information about its present condition and future outlook. ArcelorMittal’s current trading price is -14.11% away from its 52-week high, while its distance from the 52-week low is 21.17%. The stock’s price range during this period has varied between$20.52 and $28.95. The ArcelorMittal’s shares, which operate in the Basic Materials, saw a trading volume of around 1.1 million for the day, a figure considerably lower than their average daily volume of 1.59 million over last three months.
Market Capitalization vs. Financial Performance: A Comparative Study
ArcelorMittal (MT) has experienced a quarterly rise of 3.43% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 19.53B and boasts a workforce of 126756 employees.
Combining Moving Average and Trading Volume Data for Better Market Insight
Based on Barchart.com data, the company’s moving average over the 100-day period was 24.14, with a change in price of +1.35. Similarly, ArcelorMittal recorded 1,551,965 in trading volume during the last 100 days, posting a change of +5.76%.
MT’s Debt-to-Equity Ratio Cause for Concern? An In-Depth Look
The debt-to-equity (D/E) ratio is a significant metric that provides insights into a company’s financial state and market presence. By dividing a company’s current liabilities by its shareholders’ equity, the D/E ratio depicts the extent of debt used by a company to fund its assets relative to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for MT stands at 0.21. Similarly, the long-term debt-to-equity ratio is also 0.17.
MT Stock Stochastic Average
As of today, ArcelorMittal’s raw stochastic average for the last 50 days stands at 68.80%. This is a decline compared to the raw stochastic average of the previous 20 days, which was noted at 98.05%. Furthermore, the company’s Stochastic %K and %D values for the past 20 days were 87.95% and 84.51%, respectively.
