Mechel PAO (MTL) shares are trading at higher $1.69 and the avg recommendation for the stock is Moderate Sell.
To add more color to this target, the company’s high over the last year is $3.43 and the low is $1.28. Over the last 52 weeks, MTL is down -8.65% while the S&P 500 is up 18.49%. The catalyst for this interesting swing was the company’s recent earnings report.
A Notable Earnings Report
MTL booked profit margins of -9.70%, its Return on Equity (ROE) is 10.00%, and its Return on Assets is -9.90%. All told, it is clear that, MTL needs to be on your watchlist.
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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. MTL has a short ratio of 0.67 and outstanding shares of 209.15M.
MTL has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 0.66 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -4.26. Mechel PAO MTL also noted assets of $2.71 billion at the end of the last quarter. Investors should also keep an eye on sector updates as MTL has historically followed its peers on positive news.
All told, Mechel PAO MTL has strung together solid data and demonstrated underlying fundamentals. At its current valuation, MTL represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.
Mechel PAO MTL is now commanding a market cap of 509.69M and a float of 165.38M. MTL is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of MTL stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in MTL, either long or short, and we have not been compensated for this article.