As of Thursday close, ArcelorMittal S.A.’s (NYSE:MT) stock was up $0.19, moving up 0.74 percent to $25.84. The average number of shares traded per day over the past five days has been 3,675,480 shares. 2 times new highs have been achieved over the past 5 days, with a -$1.17 fall in that time frame. In the last twenty days, the average volume was 2,346,870, while in the previous 50 days, it was 1,841,382.
Since last month, MT stock retreated -7.18%. Shares of the company fell to $25.56 on 08/16/23, the lowest level in the past month. A 52-week high of $32.49 was reached on 03/03/23 after having rallying from a 52-week low of $19.25. Since the beginning of this year, MT’s stock price has dropped by -1.45% or -$0.38, and marked a new high 12 times. However, the stock has declined by -20.46% since its 52-week high.
Valuation Metrics
Right now, ArcelorMittal S.A. (MT) has a P/E ratio of about 5.29. The stock’s beta is 1.92. Besides these, the trailing price-to-sales (P/S) ratio of 0.31, the price-to-book (PB) ratio of 0.39, and the price-to-cash flow ratio of 5.09 may also be considered.
The latest dividend of $0.38 per share was paid out, remained unchanged from last year’s $0.38. On Wednesday February 16 2022, a $0.08 dividend increase was announced.
Financial Health
In the three months ended June 29, ArcelorMittal S.A.’s quick ratio stood at 0.70, while its current ratio was 1.60, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.16, and the total debt-to-equity ratio was 0.19. In the year ended June 29, EBITDA margin amounted to 17.38%, whereas operating margins totaled 6.10%. Based on annual data, MT earned $12.54 billion in gross profit and brought in $79.84 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 13.20%. Return on equity (ROE) for the past 12 months was 7.90%.
In ArcelorMittal S.A.’s quarter-end financial report for June 29, it reported total debt of $914.0 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. MT’s revenue rose 4.1% during the quarter, while net income inched up to $79.84 billion. While analysts expected ArcelorMittal S.A. to report $1.9 quarterly earnings, the actual figure was $2.2 per share, beating the consensus estimate by 15.80%. During the quarter, the company generated $2.6 billion in EBITDA. The liabilities of ArcelorMittal S.A. were 37.51 billion at the end of its most recent quarter ended June 29, and its total debt was $10.46 billion.
Technical Picture
This quick technical analysis looks at ArcelorMittal S.A.’s (MT) price momentum. With a historical volatility rate of 20.91%, the RSI 9-day stood at 29.95% on 17 August.
With respect to its five-day moving average, the current ArcelorMittal S.A. price is down by -4.33% percent or -$1.17. At present, MT shares trade -7.58% below its 20-day simple moving average and -7.91% percent below its 100-day simple moving average. However, the stock is currently trading approximately -3.44% below its SMA50 and +15.05% above its SMA200.
Stochastic coefficient K was 5.01% and Stochastic coefficient D was 9.18%, while ATR was 0.68. Given the Stochastic reading of 7.80% for the 14-day period, the RSI (14) reading has been calculated as 35.77%. As of today, the MACD Oscillator reading stands at -0.76, while the 14-day reading stands at -1.22.
Analyst Ratings
ArcelorMittal S.A. downgraded its rating on ArcelorMittal S.A. (NYSE: MT) to an Equal weight in a note to investors on April 03, 2023. The analysts firm previously had an Overweight rating on the stock.ArcelorMittal S.A. (MT) has been rated Overweight by analysts. According to 0 brokerage firms, MT is a sell, and 4 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate ArcelorMittal S.A. stock as buy, with 10 recommending it as overweight.
With a median target price of $37.62, the current consensus forecast for the stock is $25.93 – $41.69. Based on these forecasts, analysts predict ArcelorMittal S.A. (MT) will achieve an average price target of $36.19.
