ArcelorMittal (NYSE:MT) went up by 1.06% from its latest closing price compared to the recent 1-year high of $36.58. The company’s stock price has collected 0.16% of gains in the last five trading sessions. Press Release reported on 11/17/21 that ArcelorMittal announces closing of its fourth share buyback program and the launch of a fifth US$1 billion share buyback program
Is It Worth Investing in ArcelorMittal (NYSE :MT) Right Now?
ArcelorMittal (NYSE:MT) scored a price-to-earnings ratio above its average ratio, recording 2.89 x from its present earnings ratio. Plus, the 36-month beta value for MT is at 2.03. Opinions of the stock are interesting as 13 analysts out of 18 who provided ratings for ArcelorMittal declared the stock was a “buy,” while 4 rated the stock as “overweight,” 1 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $46.44, which is $20.39 above the current price. MT currently public float of 533.43M and currently shorts hold a 0.96% ratio of that float. Today, the average trading volume of MT was 3.94M shares.
MT’s Market Performance
MT stocks went up by 0.16% for the week, with a monthly drop of -8.16% and a quarterly performance of -10.72%, while its annual performance rate touched 78.51%. The volatility ratio for the week stands at 1.90% while the volatility levels for the past 30 days are set at 1.98% for ArcelorMittal. The simple moving average for the period of the last 20 days is -5.34% for MT stocks with a simple moving average of -0.38% for the last 200 days.
Analysts’ Opinion of MT
Many brokerage firms have already submitted their reports for MT stocks, with Credit Suisse repeating the rating for MT by listing it as a “Outperform.” The predicted price for MT in the upcoming period, according to Credit Suisse is $42 based on the research report published on October 14th of the current year 2021.
MT Trading at -2.79% from the 50-Day Moving Average
After a stumble in the market that brought MT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -16.65% of loss for the given period.
Volatility was left at 1.98%, however, over the last 30 days, the volatility rate increased by 1.90%, as shares sank -10.11% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -5.60% lower at present.
During the last 5 trading sessions, MT rose by +0.16%, which changed the moving average for the period of 200-days by +31.03% in comparison to the 20-day moving average, which settled at $32.04. In addition, ArcelorMittal saw 33.14% in overturn over a single year, with a tendency to cut further gains.
Reports are indicating that there were more than several insider trading activities at MT starting from ArcelorMittal, who sale 40,000,000 shares at the price of $16.12 back on Feb 11. After this action, ArcelorMittal now owns 38,186,671 shares of ArcelorMittal, valued at $644,800,000 using the latest closing price.
Stock Fundamentals for MT
Current profitability levels for the company are sitting at:
- +6.45 for the present operating margin
- +10.25 for the gross margin
The net margin for ArcelorMittal stands at -1.38. The total capital return value is set at 6.57, while invested capital returns managed to touch -1.53. Equity return is now at value 28.60, with 14.30 for asset returns.
Based on ArcelorMittal (MT), the company’s capital structure generated 35.15 points at debt to equity in total, while total debt to capital is 26.01. Total debt to assets is 16.04, with long-term debt to equity ratio resting at 28.46. Finally, the long-term debt to capital ratio is 21.06.
When we switch over and look at the enterprise to sales, we see a ratio of 0.55, with the company’s debt to enterprise value settled at 0.37. The receivables turnover for the company is 11.53 and the total asset turnover is 0.64. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.23.