In the past week, MT stock has gone up by 0.04%, with a monthly decline of -6.36% and a quarterly plunge of -6.70%. The volatility ratio for the week is 1.62%, and the volatility levels for the last 30 days are 1.64% for ArcelorMittal The simple moving average for the last 20 days is -6.43% for MT stock, with a simple moving average of -3.32% for the last 200 days.
Is It Worth Investing in ArcelorMittal (NYSE: MT) Right Now?
The price-to-earnings ratio for ArcelorMittal (NYSE: MT) is 25.70x, which is above its average ratio. Moreover, the 36-month beta value for MT is 1.92. Analysts have varying 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 0.73% of that float. On April 24, 2024, MT’s average trading volume was 1.61M shares.
MT) stock’s latest price update
ArcelorMittal (NYSE: MT) has seen a decline in its stock price by -2.40 in relation to its previous close of 25.81. However, the company has experienced a 0.04% gain in its stock price over the last five trading sessions. InvestorPlace reported 2024-04-19 that Things seemed to be slowing down after interest rates were raised eleven times in the previous 18 months, but according to the most recent data, the inflation rate for the last 12 months as of March is 3.5%, which has many people searching for steel stocks to sell from their portfolio. The logic is straightforward.
Analysts’ Opinion of MT
Many brokerage firms have already submitted their reports for MT stocks, with Deutsche Bank repeating the rating for MT by listing it as a “Hold.” The predicted price for MT in the upcoming period, according to Deutsche Bank is $31 based on the research report published on April 16, 2024 of the current year 2024.
MT Trading at -5.68% 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 -13.58% of loss for the given period.
Volatility was left at 1.64%, however, over the last 30 days, the volatility rate increased by 1.62%, as shares sank -7.01% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -12.84% lower at present.
During the last 5 trading sessions, MT rose by +0.04%, which changed the moving average for the period of 200-days by -4.40% in comparison to the 20-day moving average, which settled at $26.83. In addition, ArcelorMittal saw -11.27% 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 0.28. 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
To wrap up, the performance of ArcelorMittal (MT) has been bad in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
