el pato loco schreef op 27 november 2018 15:54:postanalyst.com/2018/11/26/comparing-...
nvestors also need to beware of the ArcelorMittal (NYSE:MT) valuations. The stock trades on a P/S of 0.44, which suggests that the shares are attractive compared with peers. The broad Steel & Iron industry has an average P/S ratio of 0.77, which is significantly better than the sector’s 13.23. In the past 13-year record, this ratio went down as low as 0.06 and as high as 1. Also, it is up from 0.52 of the total 514 rivals across the globe.
ArcelorMittal (MT)’s Lead Over its Technicals
ArcelorMittal by far traveled -1.43% versus a 1-year low price of $23.12. The share price was last seen -4.96% lower, reaching at $22.79 on Nov. 23, 2018. At recent session, the prices were hovering between $22.49 and $22.84. This company shares are 83.37% off its target price of $41.79 and the current market capitalization stands at $23.94B. The recent change has given its price a -17.75% deficit over SMA 50 and -39.23% deficit over its 52-week high. The stock witnessed -6.21% declines, -24.96% declines and -31.04% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found MT’s volatility during a week at 1.95% and during a month it has been found around 2.58%.
ArcelorMittal (NYSE:MT) Intraday Metrics
ArcelorMittal (MT) exchanged hands at an unexpectedly low level of 1.97 million shares over the course of the day. Noting its average daily volume at 2.74 million shares each day over the month, this signifies a pretty significant change over the norm.
ArcelorMittal Target Levels
The market experts are predicting a 121.68% rally, based on the high target price ($50.52) for ArcelorMittal shares that is likely to be hit in the 52 weeks. Analysts anticipate that traders could see stock price minimum in the $19.4 range (lowest target price). If faced, it would be a -14.87% drop from its current position. Overall, the share price is down -29.46% year to date.