The stock of ArcelorMittal S.A. (NYSE:MT) increased by $0.23 on Monday to finish at $27.15, up 0.85 percent. The last five days have seen an average of 2,129,040 shares of common stock traded. 12 times new highs were reached in the current year, with a gain of $0.93. The average number of shares traded over the last 20 days was 1,895,545, while the average volume over the last 50 days totaled 1,711,864.
MT stock dropped -3.04% since last month. On 08/08/23, the company’s shares reached a one-month low of $26.60. The stock touched a high of $32.49 on 03/03/23, after rallying from a low of $19.25 in 52 weeks. The price of MT stock has risen by 3.55% or $0.93 this year, reaching a new high 12 times. Still, the stock price is down -16.42% from the 52-week high.
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Valuation Metrics
ArcelorMittal S.A. (MT) has a trailing price-to-earnings (P/E) ratio of 5.56. Beta for the stock is 1.91. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.32, the price-to-book (PB) ratio of 0.41, and the price-to-cash flow ratio of 5.35.
Company paid $0.38 per share in dividends, remained unchanged from $0.38 last year. A $0.08 dividend increase was reported on Wednesday February 16 2022.
Financial Health
For the three months ended June 29, ArcelorMittal S.A.’s quick ratio was 0.70, while its current ratio was 1.60, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.16, and the total debt to equity ratio is 0.19. ArcelorMittal S.A.’s EBITDA margin for the year ended June 29 was 17.38%, whereas its operating margin stood at 6.10% for the same period. Based on annual data, it had gross profit of $12.54 billion and revenue of $79.84 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. MT’s return on assets (ROA) during the last 12 months has been 4.50%. There was a 13.20% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 7.90%.
Earnings Surprise
According to ArcelorMittal S.A.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $79.84 billion, while revenues rose by 4.1% to $0.0. It was predicted that ArcelorMittal S.A.’s quarterly earnings would be $2.2, but it ended up being $1.9, beating the consensus by 15.80%. EBITDA was $2.6 billion for the quarter. At the end of ArcelorMittal S.A.’s most recent quarter ended June 29, its liabilities totaled 37.51 billion, while its total debt was $10.46 billion.
Technical Picture
Here’s a quick look at ArcelorMittal S.A.’s (MT) price momentum from a technical perspective. As of 14 August, the RSI 9-day stood at 43.35%, suggesting the stock is Neutral, with a 14.54% historical volatility rate.
The stochastic %K and %D were 16.73% and 16.12% respectively, while the average true range (ATR) was 0.58. Based on the 14-day stochastic reading of 21.57%, the RSI (14) reading is 45.92%. On the 9-day MACD Oscillator, the stock is at -0.24, and the 14-day reading is at -0.62.
Analyst Ratings
ArcelorMittal S.A. (NYSE: MT) was downgraded by Barclays to a an Equal weight rating in its latest research report. The stock was previously rated as a an Overweight. Analysts have assigned ArcelorMittal S.A. (MT) an Overweight rating. MT is a stock that is recommended for selling by 0 brokerage firms, while 4 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 10 others recommend it as a buy.
What is MT’s price target for the next 12 months?
The current consensus forecast for the stock is between $25.93 and $41.69, with a median target price of $37.62. In analyzing these forecasts, the average price target given by analysts for ArcelorMittal S.A. (MT) is $36.19.
