Currently, ArcelorMittal [MT] is trading at $24.94, up 3.83%. 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 4.53% over the last week, with a monthly amount drifted -3.93%, and not 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 October 11, 2024, when JP Morgan downgraded its rating to a Neutral. Previously, Deutsche Bank upgraded its rating to Buy on August 28, 2024, and elevated its price target to $31. On August 19, 2024, upgrade upgraded it’s rating to Overweight. Goldman started tracking the stock assigning a Neutral rating. Deutsche Bank downgraded its rating to a Hold and reduced its price target to $31 on April 16, 2024. JP Morgan upgraded its rating to Overweight for this stock on December 13, 2023. In a note dated October 18, 2023, BofA Securities downgraded an Neutral 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 $24.94 at the most recent close of the market. An investor can expect a potential return of 47.83% 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 24.49 points at the first support level, and at 24.03 for the second support level. However, for the 1st resistance point, the stock is sitting at 25.18, and for the 2nd resistance point, it is at 25.42.
Ratios To Look Out For
To put it in perspective, the Current Ratio for ArcelorMittal [NYSE:MT] is 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.
