ArcelorMittal (NYSE:MT) price is hovering lower on Tuesday, April 16, dropping -6.26% below its previous close.
A look at today’s price movement shows that the recent level at last check reads $26.95. The company’s P/E ratio in the trailing 12-month period read 25.77. Taking into account the 52-week price action we note that the stock hit a 52-week high of $30.15 and 52-week low of $21.30. The stock subtracted -4.38% on its value in the past month.
ArcelorMittal, which has a market valuation of $20.70 billion. The company stock has a Forward Dividend ratio of 0.44, while the dividend yield is 1.74%. It is understandable that investor optimism is growing ahead of the company’s current quarter results.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give MT a short term outlook of 50% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 50% Buy, while an average of long term indicators are currently assigning the stock as 50% Sell.
The overview shows that MT’s price is at present -7.38% off the SMA20 and -6.21% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 31.26, with weekly volatility standing at 2.22%. The indicator jumps to 1.60% when calculated based on the past 30 days. ArcelorMittal (NYSE:MT)’s beta value is holding at 1.91, while the average true range (ATR) indicator is currently reading 0.63.
An analysis of the ArcelorMittal (NYSE:MT) stock in terms of its daily trading volume indicates that the 3-month average is 1.53 million.
Current records show that the company has 819.27M in outstanding shares. The insiders’ percentage holdings are 0.00% of outstanding shares while the percentage share held by institutions stands at 4.52%. But the -11.01% downside, the stock’s price has registered year-to-date as of today’s value, will likely reignite investor interest given the prospect of it rallying even higher.
