At the time of writing, ArcelorMittal [MT] stock is trading at $25.01, up 5.13%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The MT shares have gain 7.39% over the last week, with a monthly amount glided 7.20%, and seem to be holding up well over a long-time horizon.
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
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.
For the past year, the stock price of ArcelorMittal fluctuated between $20.52 and $29.01. Currently, Wall Street analysts expect the stock to reach $36.87 within the next 12 months. ArcelorMittal [NYSE: MT] shares were valued at $25.01 at the most recent close of the market. An investor can expect a potential return of 47.42% based on the average MT price forecast.
Analyzing the MT fundamentals
According to ArcelorMittal [NYSE:MT], the company’s sales were 63.68B for trailing twelve months, which represents an -15.97% plunge. 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 24.80 points at the first support level, and at 24.58 for the second support level. However, for the 1st resistance point, the stock is sitting at 25.16, and for the 2nd resistance point, it is at 25.31.
Ratios To Look Out For
It is important to note that ArcelorMittal [NYSE:MT] has a current ratio of 1.53. Also, the Quick Ratio is 0.66, while the Cash Ratio stands at 0.29. Considering the valuation of this stock, the price to sales ratio is 0.31, the price to book ratio is 0.38.
