The 36-month beta value for MT is at 1.76. Analysts have varying views on the stock, with 3 analysts rating it as a “buy,” 1 rating it as “overweight,” 1 as “hold,” and 1 as “sell.”
The public float for MT is 785.39M, and currently, shorts hold a 0.56% of that float. The average trading volume for MT on August 14, 2024 was 1.71M shares.
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MT) stock’s latest price update
The stock of ArcelorMittal (NYSE: MT) has decreased by -0.59 when compared to last closing price of 21.88.Despite this, the company has seen a gain of 1.16% in its stock price over the last five trading days. zacks.com reported 2024-08-12 that ArcelorMittal (MT) acquires a 28.4% stake in Vallourec, emphasizing its strategic alignment with growth in clean energy markets and bolstering its investment portfolio.
MT’s Market Performance
MT’s stock has risen by 1.16% in the past week, with a monthly drop of -5.97% and a quarterly drop of -16.28%. The volatility ratio for the week is 1.70% while the volatility levels for the last 30 days are 2.07% for ArcelorMittal The simple moving average for the last 20 days is -1.89% for MT’s stock, with a simple moving average of -14.27% for the last 200 days.
Analysts’ Opinion of MT
Deutsche Bank, on the other hand, stated in their research note that they expect to see MT reach a price target of $31, previously predicting the price at $34. The rating they have provided for MT stocks is “Hold” according to the report published on April 16th, 2024.
MT Trading at -6.07% 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 -25.03% of loss for the given period.
Volatility was left at 2.07%, however, over the last 30 days, the volatility rate increased by 1.70%, as shares sank -6.58% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -18.71% lower at present.
During the last 5 trading sessions, MT rose by +1.02%, which changed the moving average for the period of 200-days by -2.03% in comparison to the 20-day moving average, which settled at $22.09. In addition, ArcelorMittal saw -23.39% 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:
- 0.35 for the present operating margin
- -0.1 for the gross margin
The net margin for ArcelorMittal stands at 0.01. The total capital return value is set at 0.48. Equity return is now at value -1.10, with -0.64 for asset returns.
Based on ArcelorMittal (MT), the company’s capital structure generated 0.16 points at debt to capital in total, while cash flow to debt ratio is standing at 0.66. The debt to equity ratio resting at 0.2. The interest coverage ratio of the stock is 172.65.
Currently, EBITDA for the company is 7.56 billion with net debt to EBITDA at 0.14. When we switch over and look at the enterprise to sales, we see a ratio of 0.23. The receivables turnover for the company is 23.07for trailing twelve months and the total asset turnover is 1.06. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.53.
Conclusion
In conclusion, ArcelorMittal (MT) has had a bad performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. 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.
