ArcelorMittal [MT] stock is trading at $22.44, up 0.67%. 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 1.86% over the last week, with a monthly amount drifted -13.16%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
ArcelorMittal [NYSE: MT] stock has seen the most recent analyst activity on November 14, 2024, when BofA Securities upgraded its rating to a Buy and also boosted its price target to $32.90 from $30. Previously, JP Morgan downgraded its rating to Neutral on October 11, 2024. On August 28, 2024, upgrade upgraded it’s rating to Buy and revised its price target to $31 on the stock. Barclays upgraded its rating to a Overweight. Goldman initiated its recommendation with a Neutral. Deutsche Bank downgraded its rating to Hold for this stock on April 16, 2024, and downed its price target to $31. In a note dated December 13, 2023, JP Morgan upgraded an Overweight rating on this stock.
ArcelorMittal [MT] stock has fluctuated between $20.52 and $28.95 over the past year. Currently, Wall Street analysts expect the stock to reach $31 within the next 12 months. ArcelorMittal [NYSE: MT] shares were valued at $22.44 at the most recent close of the market. An investor can expect a potential return of 38.15% based on the average MT price forecast.
Analyzing the MT fundamentals
ArcelorMittal [NYSE:MT] reported sales of 63.68B for the trailing twelve months, which represents a drop of -15.97%. Gross Profit Margin for this corporation currently stands at -0.46% with Operating Profit Margin at 0.01%, Pretax Profit Margin comes in at -0.01%, and Net Profit Margin reading is -0.02%. To continue investigating profitability, this company’s Return on Assets is posted at -0.01, Equity is -0.02 and Total Capital is 0.01. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.21.
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 22.35 points at the first support level, and at 22.26 for the second support level. However, for the 1st resistance point, the stock is sitting at 22.52, and for the 2nd resistance point, it is at 22.60.
Ratios To Look Out For
For context, ArcelorMittal’s Current Ratio is 1.53. In addition, the Quick Ratio stands at 0.66 and the Cash Ratio stands at 0.24. Considering the valuation of this stock, the price to sales ratio is 0.28, the price to book ratio is 0.34.
