ArcelorMittal [NYSE: MT] slipped around -0.2 points on Monday, while shares priced at $14.55 at the close of the session, down -1.36%. The company report on October 23, 2020 that ArcelorMittal announces the publication of third quarter 2020 Ebitda sell-side analyst consensus figures.
23 October 2020, 12:00 CET.
ArcelorMittal stock is now -17.05% down from its year-to-date (YTD) trading value. MT Stock saw the intraday high of $14.80 and lowest of $14.40 per share. The company’s 52-week high price is 18.89, which means current price is +119.13% above from all time high which was touched on 02/11/20.
Compared to the average trading volume of 3.77M shares, MT reached a trading volume of 4830602 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about ArcelorMittal [MT]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for MT shares is $18.60 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on MT stock is a recommendation set at 1.70. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Kepler have made an estimate for ArcelorMittal shares, keeping their opinion on the stock as Buy, with their previous recommendation back on October 01, 2020. The new note on the price target was released on September 17, 2020, representing the official price target for ArcelorMittal stock.
The Average True Range (ATR) for ArcelorMittal is set at 0.48, with the Price to Sales ratio for MT stock in the period of the last 12 months amounting to 0.28. The Price to Book ratio for the last quarter was 0.46, with the Price to Cash per share for the same quarter was set at 5.16. Price to Free Cash Flow for MT in the course of the last twelve months was 16.79 with Quick ratio for the last quarter at 0.60.
How has MT stock performed recently?
ArcelorMittal [MT] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 2.83. With this latest performance, MT shares gained by 20.35% in over the last four-week period, additionally plugging by 40.58% over the last 6 months – not to mention a drop of -5.95% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for MT stock in for the last two-week period is set at 61.04, with the RSI for the last a single of trading hit 60.90, and the three-weeks RSI is set at 60.19 for ArcelorMittal [MT]. The present Moving Average for the last 50 days of trading for this stock 13.14, while it was recorded at 14.62 for the last single week of trading, and 12.06 for the last 200 days.
ArcelorMittal [MT]: Deeper insight into the fundamentals
Operating Margin for any stock indicates how profitable investing would be, and ArcelorMittal [MT] shares currently have an operating margin of +1.84 and a Gross Margin at +5.18. ArcelorMittal’s Net Margin is presently recorded at -3.48.
Return on Total Capital for MT is now 2.36, given the latest momentum, and Return on Invested Capital for the company is -4.90. Return on Equity for this stock declined to -6.16, with Return on Assets sitting at -2.77. When it comes to the capital structure of this company, ArcelorMittal [MT] has a Total Debt to Total Equity ratio set at 37.23. Additionally, MT Total Debt to Total Capital is recorded at 27.13, with Total Debt to Total Assets ending up at 16.31. Long-Term Debt to Equity for the company is recorded at 29.78, with the Long-Term Debt to Total Capital now at 21.70.
Reflecting on the efficiency of the workforce at the company, ArcelorMittal [MT] managed to generate an average of -$11,464 per employee. Receivables Turnover for the company is 12.53 with a Total Asset Turnover recorded at a value of 0.80.ArcelorMittal’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.60 and a Current Ratio set at 1.30.
Earnings analysis for ArcelorMittal [MT]
With the latest financial reports released by the company, ArcelorMittal posted 0.36/share EPS, while the average EPS was predicted by analysts to be reported at 0.51/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -29.40%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for MT.
Insider trade positions for ArcelorMittal [MT]
There are presently around $756 million, or 5.20% of MT stock, in the hands of institutional investors. The top three institutional holders of MT stocks are: RENAISSANCE TECHNOLOGIES LLC with ownership of 11,156,719, which is approximately 49.359% of the company’s market cap and around 44.80% of the total institutional ownership; CITADEL ADVISORS LLC, holding 2,730,309 shares of the stock with an approximate value of $39.73 million in MT stocks shares; and DIMENSIONAL FUND ADVISORS LP, currently with $37.0 million in MT stock with ownership of nearly -0.158% of the company’s market capitalization.
Positions in ArcelorMittal stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 88 institutional holders increased their position in ArcelorMittal [NYSE:MT] by around 25,746,754 shares. Additionally, 57 investors decreased positions by around 6,004,544 shares, while 15 investors held positions by with 20,195,946 shares. The mentioned changes placed institutional holdings at 51,947,244 shares, according to the latest SEC report filing. MT stock had 44 new institutional investments in for a total of 9,872,261 shares, while 22 institutional investors sold positions of 600,252 shares during the same period.