ArcelorMittal [MT] is 31.88% higher this YTD. Is it still time to buy?

ArcelorMittal [NYSE: MT] surged by $0.02 during the normal trading session on Tuesday and reaching a high of $30.31 during the day while it closed the day at $30.20. The company report on May 4, 2021 that Designated person notification.

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04 May, 2021, 11:15 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 www.bourse.lu and on ArcelorMittal’s web site www.arcelormittal.com under Investors > Corporate Governance > Share Transactions by Management.

ArcelorMittal stock has also loss -1.63% of its value over the past 7 days. However, MT stock has inclined by 38.66% in the 3 months of the year. Over the past six months meanwhile, it has gained 122.06% and gained 31.88% year-on date.

The market cap for MT stock reached $34.30 billion, with 1.20 billion shares outstanding and 653.43 million shares in the current float. Compared to the average trading volume of 5.79M shares, MT reached a trading volume of 7365382 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 0.99, with the Price to Sales ratio for MT stock in the period of the last 12 months amounting to 0.64. The Price to Book ratio for the last quarter was 0.95, with the Price to Cash per share for the same quarter was set at 4.93. Price to Free Cash Flow for MT in the course of the last twelve months was 23.51 with Quick ratio for the last quarter at 0.70.

MT stock trade performance evaluation

ArcelorMittal [MT] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.63. With this latest performance, MT shares dropped by -0.30% in over the last four-week period, additionally plugging by 122.06% over the last 6 months – not to mention a rise of 184.64% 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 55.92, with the RSI for the last a single of trading hit 53.92, and the three-weeks RSI is set at 57.15 for ArcelorMittal [MT]. The present Moving Average for the last 50 days of trading for this stock 27.72, while it was recorded at 30.21 for the last single week of trading, and 19.65 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 $1,458 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 $118.77 million in MT stocks shares; and RENAISSANCE TECHNOLOGIES LLC, currently with $100.27 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 89 institutional holders increased their position in ArcelorMittal [NYSE:MT] by around 16,238,219 shares. Additionally, 73 investors decreased positions by around 16,605,162 shares, while 21 investors held positions by with 15,451,408 shares. The mentioned changes placed institutional holdings at 48,294,789 shares, according to the latest SEC report filing. MT stock had 42 new institutional investments in for a total of 7,510,758 shares, while 28 institutional investors sold positions of 3,147,824 shares during the same period.

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