Market cap of ArcelorMittal [MT] reaches 32.54B – now what?

ArcelorMittal [NYSE: MT] closed the trading session at $30.70 on 04/27/21. The day’s price range saw the stock hit a low of $30.51, while the highest price level was $31.115. The company report on April 27, 2021 that Designated person notification.

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27 April, 2021, 15:30 CET.

With reference to Article 19(3) of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (Market Abuse Regulations), ArcelorMittal announces that a notification of a share transaction by a Designated Person (i.e. Directors or Executive Officers) is available in the Luxembourg Stock Exchange’s electronic database OAM on and on ArcelorMittal’s web site under Investors > Corporate Governance > Share Transactions by Management.

The stocks have a year to date performance of 34.06 percent and weekly performance of 6.89 percent. The stock has been moved at 108.14 percent over the last six months. The stock has performed 6.34 percent around the most recent 30 days and changed 39.61 percent over the most recent 3-months.

If compared to the average trading volume of 5.69M shares, MT reached to a volume of 10333410 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to 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 $36.26 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 1.80. 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.

JP Morgan have made an estimate for ArcelorMittal shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on January 25, 2021. The new note on the price target was released on January 19, 2021, representing the official price target for ArcelorMittal stock.

The Average True Range (ATR) for ArcelorMittal is set at 1.03, with the Price to Sales ratio for MT stock in the period of the last 12 months amounting to 0.61. The Price to Book ratio for the last quarter was 0.96, with the Price to Cash per share for the same quarter was set at 5.28. Price to Free Cash Flow for MT in the course of the last twelve months was 22.30 with Quick ratio for the last quarter at 0.70.

MT stock trade performance evaluation

ArcelorMittal [MT] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 6.89. With this latest performance, MT shares gained by 6.34% in over the last four-week period, additionally plugging by 108.14% over the last 6 months – not to mention a rise of 200.39% 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 61.00, with the RSI for the last a single of trading hit 60.90, and the three-weeks RSI is set at 60.92 for ArcelorMittal [MT]. The present Moving Average for the last 50 days of trading for this stock 27.07, while it was recorded at 30.25 for the last single week of trading, and 19.19 for the last 200 days.

ArcelorMittal [MT]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and ArcelorMittal [MT] shares currently have an operating margin of +6.45 and a Gross Margin at +10.25. ArcelorMittal’s Net Margin is presently recorded at -1.38.

Return on Total Capital for MT is now 6.57, given the latest momentum, and Return on Invested Capital for the company is -1.53. Return on Equity for this stock declined to -1.98, with Return on Assets sitting at -0.88. When it comes to the capital structure of this company, ArcelorMittal [MT] has a Total Debt to Total Equity ratio set at 35.15. Additionally, MT Total Debt to Total Capital is recorded at 26.01, with Total Debt to Total Assets ending up at 16.04. Long-Term Debt to Equity for the company is recorded at 28.46, with the Long-Term Debt to Total Capital now at 21.06.

Reflecting on the efficiency of the workforce at the company, ArcelorMittal [MT] managed to generate an average of -$3,833 per employee. Receivables Turnover for the company is 11.53 with a Total Asset Turnover recorded at a value of 0.64.ArcelorMittal’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.70 and a Current Ratio set at 1.20.

Earnings per share (EPS) analysis for ArcelorMittal [MT] stock

With the latest financial reports released by the company, ArcelorMittal posted -0.56/share EPS, while the average EPS was predicted by analysts to be reported at 0.05/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -1,220.00%. 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.

ArcelorMittal [MT]: Insider Ownership positions

There are presently around $1,513 million, or 4.50% of MT stock, in the hands of institutional investors. The top three institutional holders of MT stocks are: ARROWSTREET CAPITAL, LIMITED PARTNERSHIP with ownership of 4,034,651, which is approximately 45.228% of the company’s market cap and around 44.80% of the total institutional ownership; FMR LLC, holding 3,935,408 shares of the stock with an approximate value of $123.77 million in MT stocks shares; and RENAISSANCE TECHNOLOGIES LLC, currently with $104.49 million in MT stock with ownership of nearly -58.821% of the company’s market capitalization.

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Positions in ArcelorMittal stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 86 institutional holders increased their position in ArcelorMittal [NYSE:MT] by around 16,077,056 shares. Additionally, 73 investors decreased positions by around 16,600,711 shares, while 20 investors held positions by with 15,437,115 shares. The mentioned changes placed institutional holdings at 48,114,882 shares, according to the latest SEC report filing. MT stock had 41 new institutional investments in for a total of 7,431,086 shares, while 27 institutional investors sold positions of 3,143,280 shares during the same period.

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