How ArcelorMittal (MT) Works From A Technical Perspective

ArcelorMittal (NYSE:MT) finished Wednesday with an addition of $0.83 to close at $31.02, an upside of 2.75 percent. An average of 3,962,960 shares of common stock have been traded in the last five days. There was a gain of $2.63 in the past week. The last 20 days have seen an average of 4,688,265 shares traded, while the 50-day average volume stands at 4,003,440.

MT stock has decreased by -3.96% in the last month. The company shares reached their 1-month lowest point of $27.78 on 10/06/21. With the stock rallying to its 52-week high on 08/13/21, shares of the company touched a low of $13.40 and a high of $36.58 in 52 weeks. In spite of this, the price is down -15.20% from the 52-week high.

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Insider Transactions

245 days have passed since ArcelorMittal (MT) last reported insider trading activity. ArcelorMittal, who is Former 10% Owner, most recently acquired $40,000,000 shares at $16.12 per share on Feb 11.

Valuation Metrics

ArcelorMittal (MT) has a trailing price-to-earnings (P/E) ratio of 5.01, which compares with the 8.40 for the broader industry and 13.61 for the sector. In the last five years, ArcelorMittal’s PE ratio has ranged between 30.34 and 3.431. The stock’s beta is 2.04. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.49, the price-to-book (PB) ratio at 0.81, and the price-to-cash flow ratio at 7.46.

ArcelorMittal pays a $0.25 dividend per share annually. It offers a dividend yield of 0.81%. The company has a payout ratio of 4.80%. The company’s most recent quarterly dividend payment took place on Jun. 15, and it was $0.30 a share, representing a up of 33.33 from $0.20 last year. Its dividend has been increased for the last 2 consecutive years with the latest increase dividend $0.10 reported on Wednesday June 2 2021.

ArcelorMittal will next go ex-dividend on 15-Jun. The next dividend payment ArcelorMittal will make is expected to be $0.108.

The quick ratio of ArcelorMittal for the three months ended June 29 was 0.60, and the current ratio was 1.30, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.15 and a total debt to equity ratio of 0.21 for the quarter ending June 29. On the profitability front, the trailing 12-month gross margin 5-year average of 8.9%. ArcelorMittal’s EBITDA margin for the year ending June 29 is 12.01%, while its operating margin for the same period stands at 15.50%. Its gross profit as reported stood at $4.13 billion compared to revenue of $53.27 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, ArcelorMittal’s return on assets was 8.70%, compared to 2.1% over the last five years. In the past year, the return on investment has been 0.90%, and the 5-year average is 4.5%. Meanwhile, the return on equity (ROE) for the past 12 months has been 18.30% and the 5-year average holds at 4.9%. For the broader industry, ROE averaged 24.01 over the past year.

Earnings Surprise

For the three-month period that ended June 29, ArcelorMittal had $3.04 billion in cash. The analyst consensus anticipated ArcelorMittal’s latest quarter earnings to come in at $2.47 per share, but it turned out to be $3.46, a 40.10% surprise. For the quarter, EBITDA amounted to $5.05 billion.

Technical Picture

From a technical analysis perspective, let’s take a brief look at ArcelorMittal (MT) price momentum. RSI 9-day as of the close on 13 October was 59.95%, suggesting the stock is Neutral, with historical volatility in this time frame at 32.35%.

As of today, MT’s price is $29.76 +9.26% or $2.63 from its 5-day moving average. MT is currently trading -9.77% lower than its 20-day SMA and +0.71% higher than its 100-day SMA. However, the stock’s current price level is -11.14% below the SMA50 and +34.11% above the SMA200.

The stochastic %K and %D were 82.45% and 64.28%, respectively, and the average true range (ATR) was 1.03. With the 14-day stochastic at 97.01% and the average true range at 1.03, the RSI (14) stands at 52.42%. The stock has reached 0.97 on the 9-day MACD Oscillator while the 14-day reading was at 0.72.

Analyst Ratings

Barclays launched coverage on ArcelorMittal (NYSE: MT) in its analyst report released on July 15, 2021. The firm assigned the stock a an Overweight rating.The consensus rating for ArcelorMittal (MT) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell MT, while 1 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 4 analysts, while 15 others rate it as a “buy”.

What is MT’s price target for the next 12 months?

Analysts predict a range of price targets between $31.28 and $57.98, with a median target of $45.77. Taking a look at these predictions, the average price target given by analysts for ArcelorMittal (MT) stock is $45.37.


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