The stock of ArcelorMittal (MT) has gone up by 4.96% for the week, with a -5.89% drop in the past month and a 15.20% rise in the past quarter. The volatility ratio for the week is 1.67%, and the volatility levels for the past 30 days are 1.36% for MT. The simple moving average for the last 20 days is 0.77% for MT stock, with a simple moving average of -1.07% for the last 200 days.
Is It Worth Investing in ArcelorMittal (NYSE: MT) Right Now?
The 36-month beta value for MT is also noteworthy at 1.76. There are mixed opinions on the stock, with 3 analysts rating it as a “buy,” 1 rating it as “overweight,” 1 rating it as “hold,” and 1 rating it as “sell.”
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The public float for MT is 785.39M, and at present, short sellers hold a 0.70% of that float. The average trading volume of MT on October 30, 2024 was 1.62M shares.
MT) stock’s latest price update
ArcelorMittal (NYSE: MT)’s stock price has decreased by -0.58 compared to its previous closing price of 24.82. However, the company has seen a 4.96% increase in its stock price over the last five trading sessions. globenewswire.com reported 2024-10-28 that ArcelorMittal (‘the Company’) today announces the publication of its third quarter 2024 sell-side analyst consensus figures. The consensus figures are based on analysts’ estimates recorded on an external web-based tool provided and managed by an independent company, Visible Alpha.
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 $29. The rating they have provided for MT stocks is “Buy” according to the report published on August 28th, 2024.
MT Trading at 2.96% 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 -14.94% of loss for the given period.
Volatility was left at 1.36%, however, over the last 30 days, the volatility rate increased by 1.67%, as shares sank -4.18% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +8.41% upper at present.
During the last 5 trading sessions, MT rose by +5.23%, which changed the moving average for the period of 200-days by -5.39% in comparison to the 20-day moving average, which settled at $24.49. In addition, ArcelorMittal saw -13.09% 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 0.25. 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 summary, ArcelorMittal (MT) has had a mixed performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as 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.
