Currently, ArcelorMittal [MT] is trading at $22.13, up 1.75%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The MT shares have gain 0.36% over the last week, with a monthly amount glided 1.19%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
ArcelorMittal [NYSE: MT] stock has seen the most recent analyst activity on August 28, 2024, when Deutsche Bank upgraded its rating to a Buy and also boosted its price target to $31 from $29. Previously, Barclays upgraded its rating to Overweight on August 19, 2024. On May 09, 2024, Goldman initiated with a Neutral rating. Deutsche Bank downgraded its rating to a Hold and decreased its price target to $31 on April 16, 2024. JP Morgan upgraded its rating to a Overweight. BofA Securities downgraded its rating to Neutral for this stock on October 18, 2023. In a note dated April 03, 2023, Barclays downgraded an Equal Weight rating on this stock.
This stock has fluctuated between a low of $20.52 and a high of $29.01 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $36.87 within the next 12 months. ArcelorMittal [NYSE: MT] shares were valued at $22.13 at the most recent close of the market. An investor can expect a potential return of 66.61% based on the average MT price forecast.
Analyzing the MT fundamentals
Trailing Twelve Months sales for ArcelorMittal [NYSE:MT] were 63.68B which represents -15.97% decline. Gross Profit Margin for this corporation currently stands at -0.1% with Operating Profit Margin at 0.35%, Pretax Profit Margin comes in at 0.01%, and Net Profit Margin reading is 0.01%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.02 and Total Capital is 0.48. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.2.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 21.77 points at the first support level, and at 21.41 for the second support level. However, for the 1st resistance point, the stock is sitting at 22.32, and for the 2nd resistance point, it is at 22.51.
Ratios To Look Out For
To put it in perspective, the Current Ratio for ArcelorMittal [NYSE:MT] is 1.53. In addition, the Quick Ratio stands at 0.66 and the Cash Ratio stands at 0.29. Considering the valuation of this stock, the price to sales ratio is 0.27, the price to book ratio is 0.33.
