Examining a stock’s 52-week price history, encompassing its low and high prices, can reveal much about its existing condition and potential future trajectory. ArcelorMittal’s current trading price is -6.97% away from its 52-week high, while its distance from the 52-week low is 51.33%. The stock’s price range over this period has fluctuated between $21.45 and $34.90. The company, operating within the financial sector, had a trading volume of approximately 2.1 million for the day, which was noticeably higher than the average daily share volume of 1.54 million over the last 3 months.
The stock of ArcelorMittal (MT) is currently priced at $32.47. In the last session, the stock climbed significantly, topping out at $36.0 after opening at $32.52. The day’s lowest price was $30.0 before the stock closed at $31.67.
ArcelorMittal experienced a rather steady stock market performance.
Exploring Financial Performance and Market Capitalization: A Comprehensive Analysis
ArcelorMittal (MT) has experienced a quarterly rise of 8.59% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 24.69B and boasts a workforce of 125416 employees.
ArcelorMittal: What Analysts Are Saying
As of right now, 3 analysts are rating ArcelorMittal as a BUY, 1 of the polled analysts branded the stock as an OVERWEIGHT, 2 analysts are recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 analyst is rating the stock as SELL.
Analyzing Trading Volume and Moving Average Trends
Based on Barchart.com data, the company’s moving average over the 100-day period was 30.62, with a change in price of +0.23. Similarly, ArcelorMittal recorded 1,737,379 in trading volume during the last 100 days, posting a change of +0.71%.
Understanding Ticker ‘s Debt-to-Equity Ratio: An Analysis
The debt-to-equity (D/E) ratio serves as an important indicator of a company’s financial stability and market position. By dividing a company’s total liabilities by its shareholders’ equity, the D/E ratio reveals the degree to which a company relies on debt to finance assets compared to its shareholders’ equity. At the time of writing, the total D/E ratio for MT stands at 0.25. Similarly, the long-term debt-to-equity ratio is also 0.19.
MT Stock Stochastic Average
Today, ArcelorMittal’s raw stochastic average for the past 50 days stands at 53.33%, indicating a rise from the raw stochastic average of the last 20 days, which was 49.24%. Moreover, the company’s Stochastic %K and %D values over the past 20 days were 33.48% and 21.86% respectively.
MT Stock Price Performance Analysis
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. The metric has seen a significant gain of 53.95% since the start of this calendar year. Looking back over the last six months, we can see a weaker performance of 27.42%. Over the past 30 days, the price of MT has leaped by -3.17%. And in the last five days, it has surged by 2.65%.
