ArcelorMittal (NYSE: MT)’s stock price has gone decline by -0.04 in comparison to its previous close of 27.55, however, the company has experienced a 1.66% increase in its stock price over the last five trading days. Zacks Investment Research reported 2024-03-13 that ArcelorMittal (MT) to acquire a 28.4% stake in Vallourec. This will enhance downstream presence with a focus on Vallourec’s expertise and low-carbon production centers.
Is It Worth Investing in ArcelorMittal (NYSE: MT) Right Now?
The price-to-earnings ratio for ArcelorMittal (NYSE: MT) is above average at 28.09x, Company’s 36-month beta value is 1.93.Analysts have differing opinions on the stock, with 3 analysts rating it as a “buy,” 1 as “overweight,” 1 as “hold,” and 1 as “sell.”
The public float for MT is 819.27M, and currently, short sellers hold a 0.68% ratio of that floaft. The average trading volume of MT on April 03, 2024 was 1.53M shares.
MT’s Market Performance
MT stock saw an increase of 1.66% in the past week, with a monthly gain of 6.21% and a quarterly increase of -2.99%. The volatility ratio for the week is 1.43%, and the volatility levels for the last 30 days are 1.39% for ArcelorMittal (MT). The simple moving average for the last 20 days is 3.52% for MT’s stock, with a simple moving average of 5.58% for the last 200 days.
MT Trading at 2.33% 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 -8.66% of loss for the given period.
Volatility was left at 1.39%, however, over the last 30 days, the volatility rate increased by 1.43%, as shares surge +7.45% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +3.69% upper at present.
During the last 5 trading sessions, MT rose by +1.66%, which changed the moving average for the period of 200-days by -1.82% in comparison to the 20-day moving average, which settled at $26.70. In addition, ArcelorMittal saw -2.99% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for MT
Current profitability levels for the company are sitting at:
- 0.4 for the present operating margin
- 0.06 for the gross margin
The net margin for ArcelorMittal stands at 0.02. The total capital return value is set at 0.47. Equity return is now at value 1.73, with 0.98 for asset returns.
Based on ArcelorMittal (MT), the company’s capital structure generated 0.17 points at debt to capital in total, while cash flow to debt ratio is standing at 0.84. The debt to equity ratio resting at 0.2. The interest coverage ratio of the stock is 193.82.
Currently, EBITDA for the company is 7.56 billion with net debt to EBITDA at 0.08. When we switch over and look at the enterprise to sales, we see a ratio of 0.3. The receivables turnover for the company is 23.18for trailing twelve months and the total asset turnover is 0.9. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.53.
Conclusion
In a nutshell, ArcelorMittal (MT) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
