At the time of writing, ArcelorMittal [MT] stock is trading at $24.98, up 0.32%. It is a good measure of the stock’s recent performance to check whether 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 8.23%, and 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.
For the past year, the stock price of ArcelorMittal fluctuated between $20.52 and $28.95. Currently, Wall Street analysts expect the stock to reach $31 within the next 12 months. ArcelorMittal [NYSE: MT] shares were valued at $24.98 at the most recent close of the market. An investor can expect a potential return of 24.1% 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 -0.46% 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.21.
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 24.77 points at the first support level, and at 24.55 for the second support level. However, for the 1st resistance point, the stock is sitting at 25.13, and for the 2nd resistance point, it is at 25.27.
Ratios To Look Out For
It is important to note that ArcelorMittal [NYSE:MT] has a current ratio of 1.53. Further, the Quick Ratio stands at 0.66, while the Cash Ratio is 0.24. Considering the valuation of this stock, the price to sales ratio is 0.31, the price to book ratio is 0.38.
