ArcelorMittal [MT] stock is trading at $27.84, down -1.73%. An important factor to consider is whether the stock is rising or falling in short-term value. The MT shares have gain 12.67% over the last week, with a monthly amount glided 26.83%, 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.
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 $27.84 at the most recent close of the market. An investor can expect a potential return of 11.35% based on the average MT price forecast.
Analyzing the MT fundamentals
ArcelorMittal [NYSE:MT] reported sales of 62.42B 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 27.45 points at the first support level, and at 27.07 for the second support level. However, for the 1st resistance point, the stock is sitting at 28.45, and for the 2nd resistance point, it is at 29.06.
Ratios To Look Out For
For context, ArcelorMittal’s Current Ratio is 1.35. On the other hand, the Quick Ratio is 0.59, and the Cash Ratio is 0.24. Considering the valuation of this stock, the price to sales ratio is 0.35, the price to book ratio is 0.42 and price to earnings (TTM) ratio is 16.43.
