ArcelorMittal (NYSE: MT)’s stock price has plunge by 3.08relation to previous closing price of 24.34. Nevertheless, the company has seen a 1.25% surge in its stock price over the last five trading sessions. zacks.com reported 2025-02-04 that Looking beyond Wall Street’s top -and-bottom-line estimate forecasts for ArcelorMittal (MT), delve into some of its key metrics to gain a deeper insight into the company’s potential performance for the quarter ended December 2024.
Is It Worth Investing in ArcelorMittal (NYSE: MT) Right Now?
MT has 36-month beta value of 1.82. Analysts have mixed views on the stock, with 3 analysts rating it as a “buy,” 1 as “overweight,” 2 as “hold,” and 0 as “sell.”
The public float for MT is 785.39M, and currently, short sellers hold a 0.70% ratio of that float. The average trading volume of MT on February 05, 2025 was 1.65M shares.
MT’s Market Performance
MT’s stock has seen a 1.25% increase for the week, with a 9.76% rise in the past month and a 1.91% gain in the past quarter. The volatility ratio for the week is 2.12%, and the volatility levels for the past 30 days are at 1.59% for ArcelorMittal The simple moving average for the past 20 days is 6.27% for MT’s stock, with a 4.15% 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 previous 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 previous year.
MT Trading at 4.38% 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 -13.33% of loss for the given period.
Volatility was left at 1.59%, however, over the last 30 days, the volatility rate increased by 2.12%, as shares surge +13.07% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -1.53% lower at present.
During the last 5 trading sessions, MT rose by +1.25%, which changed the moving average for the period of 200-days by -0.08% in comparison to the 20-day moving average, which settled at $23.61. In addition, ArcelorMittal saw 8.47% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for MT
Current profitability levels for the company are sitting at:
- 0.01 for the present operating margin
- -0.46 for the gross margin
The net margin for ArcelorMittal stands at -0.02. The total capital return value is set at 0.01. 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 0.51. The debt to equity ratio resting at 0.21. The interest coverage ratio of the stock is 1.35.
Currently, EBITDA for the company is 4.65 billion with net debt to EBITDA at 1.69. When we switch over and look at the enterprise to sales, we see a ratio of 0.42. The receivables turnover for the company is 14.7for trailing twelve months and the total asset turnover is 0.67. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.53.
Conclusion
To put it simply, ArcelorMittal (MT) has had a better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as 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.
