ArcelorMittal S.A. (NYSE:MT) finished Thursday with a subtraction of -$0.11 to close at $25.94, a downside of -0.40 percent. An average of 1,590,941 shares of common stock have been traded in the last five days. There was a gain of $0.08 in the past week, and it reached a new high 17 times over the past 12 months. The last 20 days have seen an average of 2,274,095 shares traded, while the 50-day average volume stands at 1,859,002.
MT stock has decreased by -6.30% in the last month. The company shares reached their 1-month lowest point of $25.44 on 08/18/23. With the stock rallying to its 52-week high on 03/03/23, shares of the company touched a low of $19.25 and a high of $32.49 in 52 weeks. It has reached a new high 12 times so far this year and lost -1.05% or -$0.30 in price. In spite of this, the price is down -20.13% from the 52-week high.
Valuation Metrics
ArcelorMittal S.A. (MT) has a trailing price-to-earnings (P/E) ratio of 5.31. The stock’s beta is 1.91. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.31, the price-to-book (PB) ratio at 0.39, and the price-to-cash flow ratio at 5.13.
The company has a payout ratio of 12.20%. The company’s most recent quarterly dividend payment was $0.38 a share, without any change from last year. Its latest increase dividend $0.08 reported on Wednesday February 16 2022.
Financial Health
The quick ratio of ArcelorMittal S.A. for the three months ended June 29 was 0.70, and the current ratio was 1.60, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.16 and a total debt to equity ratio of 0.19 for the quarter ending June 29. ArcelorMittal S.A.’s EBITDA margin for the year ending June 29 is 17.38%, while its operating margin for the same period stands at 6.10%. Its gross profit as reported stood at $12.54 billion compared to revenue of $79.84 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.A.’s return on assets was 4.50%.
Earnings Surprise
For the three-month period that ended June 29, ArcelorMittal S.A. had $914.0 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $9.3 billion in the quarter, while revenues were shrunk -60.78%. The analyst consensus anticipated ArcelorMittal S.A.’s latest quarter earnings to come in at $1.9 per share, but it turned out to be $2.2, a 15.80% surprise. For the quarter, EBITDA amounted to $2.6 billion.
Technical Picture
From a technical analysis perspective, let’s take a brief look at ArcelorMittal S.A. (MT) price momentum. RSI 9-day as of the close on 24 August was 36.14%, suggesting the stock is Neutral, with historical volatility in this time frame at 21.84%.
As of today, MT’s price is $26.03 +0.31% or $0.08 from its 5-day moving average. MT is currently trading -7.76% lower than its 20-day SMA and -11.60% lower than its 100-day SMA. However, the stock’s current price level is -7.59% below the SMA50 and +7.82% above the SMA200.
The stochastic %K and %D were 29.14% and 28.31%, respectively, and the average true range (ATR) was 0.56. With the 14-day stochastic at 23.69% and the average true range at 0.58, the RSI (14) stands at 38.88%. The stock has reached 0.10 on the 9-day MACD Oscillator while the 14-day reading was at -0.28.
Analyst Ratings
Barclays downgraded ArcelorMittal S.A. (NYSE: MT) to a an Equal weight rating in its most recent analyst report. Previously, the stock was rated as an Overweight. The consensus rating for ArcelorMittal S.A. (MT) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell MT, while 4 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 10 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 $25.93 and $41.69, with a median target of $37.48. Taking a look at these predictions, the average price target given by analysts for ArcelorMittal S.A. (MT) stock is $36.17.
