Aperam Shares Dip to €47.20 but Still Up +82.8% Year-on-Year
Aperam's shares fell by 1.99% to €47.20 mid-morning, amidst a 0.62% decline in the CAC 40. The Luxembourg-based steelmaker is among the top ten decliners in the SBF 120 this Tuesday. However, the stock still maintains a year-on-year gain of 82.8%.
A Breather After a Spring Surge
Today's decline comes after an impressive run. Aperam has still gained 5.74% over the past three months, largely driven by the publication of the first quarter 2026 results at the end of April, which had propelled the stock to a four-year high of €45.50. The group also announced the acquisition of Magnetec in early May, strengthening its position in specialized alloys. This Tuesday, Aperam published its 2025 Sustainability Report, voluntarily prepared according to the CSRD model. The document underscores the group's transparency approach without altering the financial fundamentals disclosed in Q1. Based on the consensus of eight analysts, the stock is trading at about 24.7 times the expected earnings for the current fiscal year and 11.9 times those of 2027, versus 15.1 times for the Basic Materials sector average. The expected growth in earnings per share between the two fiscal years is 107.8%.
RSI at 70 Marks the Upper Limit of Momentum
Despite today's drop, the price remains well above all its moving averages: +8.13% compared to the MM20 (€43.65), +20.07% compared to the MM50 (€39.31), and nearly 40% above the MM200 (€33.84). The stock is in the upper part of the Bollinger Bands, at 77% of the range, below the upper limit set at €50.26. The RSI has reached 70, at the border of the overbought zone. This configuration occurs very close to the technical resistance identified at €49.42, already approached during the session on May 4 at €48.32. The current retreat is part of this context of tension between bullish momentum and technical threshold. The next major financial event is scheduled for July 30, 2026, with the publication of the second quarter and semester results.
