ArcelorMittal [MT] stock prices are up 0.12% to $25.96 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The MT shares have gain 8.30% over the last week, with a monthly amount glided 11.13%, 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.
The stock price of ArcelorMittal [MT] has been fluctuating between $20.52 and $29.01 over the past year. Currently, Wall Street analysts expect the stock to reach $36.87 within the next 12 months. ArcelorMittal [NYSE: MT] shares were valued at $25.96 at the most recent close of the market. An investor can expect a potential return of 42.03% based on the average MT price forecast.
Analyzing the MT fundamentals
The ArcelorMittal [NYSE:MT] reported sales of 63.68B for trailing twelve months, representing a drop of -15.97%. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.2.
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 25.83 points at the first support level, and at 25.69 for the second support level. However, for the 1st resistance point, the stock is sitting at 26.17, and for the 2nd resistance point, it is at 26.37.
Ratios To Look Out For
It’s worth pointing out that ArcelorMittal [NYSE:MT]’s Current Ratio is 1.53. On the other hand, the Quick Ratio is 0.66, and the Cash Ratio is 0.29. Considering the valuation of this stock, the price to sales ratio is 0.32, the price to book ratio is 0.39.
