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 0.60% of that float. The average trading volume for MT on September 24, 2024 was 1.66M shares.
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MT) stock’s latest price update
The stock of ArcelorMittal (NYSE: MT) has increased by 5.13 when compared to last closing price of 23.79.Despite this, the company has seen a gain of 7.39% in its stock price over the last five trading days. businesswire.com reported 2024-09-23 that RIYADH, Saudi Arabia–(BUSINESS WIRE)–Saudi Arabia Leads G20 Countries in Tourism Growth, According to Latest UN Tourism Barometer.
MT’s Market Performance
MT’s stock has risen by 7.39% in the past week, with a monthly rise of 7.20% and a quarterly rise of 6.52%. The volatility ratio for the week is 1.51% while the volatility levels for the last 30 days are 1.60% for ArcelorMittal The simple moving average for the last 20 days is 8.98% for MT’s stock, with a simple moving average of -1.11% for the last 200 days.
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 “Buy.” The predicted price for MT in the upcoming period, according to Deutsche Bank is $31 based on the research report published on August 28, 2024 of the current year 2024.
MT Trading at 10.59% 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 -13.79% of loss for the given period.
Volatility was left at 1.60%, however, over the last 30 days, the volatility rate increased by 1.51%, as shares surge +6.58% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +6.36% upper at present.
During the last 5 trading sessions, MT rose by +7.04%, which changed the moving average for the period of 200-days by -1.19% in comparison to the 20-day moving average, which settled at $23.03. In addition, ArcelorMittal saw -11.91% 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 52.75.
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 0.26. 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 better performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
