ArcelorMittal (NYSE: MT)’s stock price has decreased by -1.31 compared to its previous closing price of 25.48. However, the company has seen a 5.78% increase in its stock price over the last five trading sessions. zacks.com reported 2024-11-15 that The decline in MT’s sales in Q3 is due to lower average selling prices across segments.
Is It Worth Investing in ArcelorMittal (NYSE: MT) Right Now?
The stock has a 36-month beta value of 1.75. Opinions on the stock are mixed, with 3 analysts rating it as a “buy,” 1 as “overweight,” 1 as “hold,” and 1 as “sell.”
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The public float for MT is 785.39M, and at present, short sellers hold a 0.63% of that float. On November 20, 2024, the average trading volume of MT was 1.56M shares.
MT’s Market Performance
The stock of ArcelorMittal (MT) has seen a 5.78% increase in the past week, with a 4.60% rise in the past month, and a 9.52% gain in the past quarter. The volatility ratio for the week is 1.74%, and the volatility levels for the past 30 days are at 1.73% for MT. The simple moving average for the past 20 days is 0.77% for MT’s stock, with a 1.46% simple moving average for the past 200 days.
Analysts’ Opinion of MT
Many brokerage firms have already submitted their reports for MT stocks, with BofA Securities repeating the rating for MT by listing it as a “Buy.” The predicted price for MT in the upcoming period, according to BofA Securities is $32.90 based on the research report published on November 14, 2024 of the current year 2024.
Deutsche Bank gave a rating of “Buy” to MT, setting the target price at $31 in the report published on August 28th of the current year.
MT Trading at 1.95% 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 -13.32% of loss for the given period.
Volatility was left at 1.73%, however, over the last 30 days, the volatility rate increased by 1.74%, as shares surge +6.91% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +13.58% upper at present.
During the last 5 trading sessions, MT rose by +5.74%, which changed the moving average for the period of 200-days by -8.20% in comparison to the 20-day moving average, which settled at $24.95. In addition, ArcelorMittal saw -11.43% 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:
- 0.41 for the present operating margin
- -0.13 for the gross margin
The net margin for ArcelorMittal stands at -0.0. The total capital return value is set at 0.45. Equity return is now at value -1.10, with -0.64 for asset returns.
Based on ArcelorMittal (MT), the company’s capital structure generated 0.17 points at debt to capital in total, while cash flow to debt ratio is standing at 0.61. The debt to equity ratio resting at 0.21. The interest coverage ratio of the stock is 55.11.
Currently, EBITDA for the company is 3.47 billion with net debt to EBITDA at 1.59. When we switch over and look at the enterprise to sales, we see a ratio of 0.34. The receivables turnover for the company is 18.61for trailing twelve months and the total asset turnover is 0.85. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.53.
Conclusion
To sum up, ArcelorMittal (MT) has seen a better performance recently. Analysts have differing views on the stock, with some seeing 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.
