In the latest trading session, 1.71 million ArcelorMittal S.A. (NYSE:MT) shares changed hands as the company’s beta touched 1.91. With the company’s most recent per share price at $26.85 changed hands at -$2.43 or -8.30% at last look, the market valuation stands at $26.91B. MT’s current price is a discount, trading about -28.83% off its 52-week high of $34.59. The share price had its 52-week low at $19.25, which suggests the last value was 28.31% up since then. When we look at ArcelorMittal S.A.’s average trading volume, we note the 10-day average is 2.7 million shares, with the 3-month average coming to 2.41 million.
Analysts gave the ArcelorMittal S.A. (MT) stock a consensus recommendation rating of an Overweight, calculated at a mean rating of 2.20. If we narrow down to specifics, the data shows that 1 out of 16 analysts rate the stock as a Sell, with a further 1 assigning it an Overweight rating. Of the remaining, 5 recommended MT as a Hold, 9 felt it is a Buy and 0 rated the stock as Underweight. ArcelorMittal S.A.’s EPS for the current quarter is expected to be $0.
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ArcelorMittal S.A. (NYSE:MT) trade information
Instantly MT was in red as seen in intraday trades today. With action -14.38%, the performance over the past five days has been red. The drop to weekly highs of 31.35 on Tuesday, 03/14/23 subtracted -8.30% to the stock’s daily price. The company’s shares are showing year-to-date upside of 2.40%, with the 5-day performance at -14.38% in the red. However, in the 30-day time frame, ArcelorMittal S.A. (NYSE:MT) is -8.39% down. Looking at the short shares, we see there were 3.6 million shares sold at short interest cover period of 1.62 days.
The consensus price target for the stock as assigned by Wall Street analysts is $37.26, meaning bulls need an upside of 27.94% from its recent market value. According to analyst projections, MT’s forecast low is $27.73 with $51.26 as the target high. To hit the forecast high, the stock’s price needs a -90.91% plunge from its current level, while the stock would need to soar -3.28% for it to hit the projected low.
ArcelorMittal S.A. (MT) estimates and forecasts
Data shows that the ArcelorMittal S.A. share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 19.87% over the past 6 months, a -74.61% in annual growth rate that is considerably lower than the industry average of -21.50%. Year-over-year growth is forecast to reach -15.80% down from the last financial year.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 17.90%. The 2023 estimates are for ArcelorMittal S.A. earnings to decrease by -24.60%.
ArcelorMittal S.A. is expected to release its next quarterly earnings report between February 21 and February 27. The 0.75% annual yield figure for the share gives it an annual dividend of 0.22. It is important to note, however, that the 0.75% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision.
ArcelorMittal S.A. (NYSE:MT)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.00% of ArcelorMittal S.A. shares while 6.42% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 6.42%. There are 6.42% institutions holding the ArcelorMittal S.A. stock share, with GQG Partners LLC the top institutional holder. As of Sep 29, 2022, the company held 1.45% of the shares, roughly 12.77 million MT shares worth $254.25 million.
FMR, LLC holds the second largest percentage of outstanding shares, with 0.76% or 6.71 million shares worth $133.62 million as of Sep 29, 2022.
Among Mutual Funds, the top two as of Oct 30, 2022 were Goldman Sachs GQG Partners International Opportunities Fund and Fidelity Advisor Growth Opportunities Fund. With 6.5 million shares estimated at $145.85 million under it, the former controlled 0.74% of total outstanding shares. On the other hand, Fidelity Advisor Growth Opportunities Fund held about 0.29% of the shares, roughly 2.56 million shares worth around $67.07 million.