ArcelorMittal [MT] is 35.90% higher this YTD. Is it still time to buy?

ArcelorMittal [NYSE: MT] traded at a high on 05/20/21, posting a 0.45 gain after which it closed the day’ session at $31.12. The company report on May 19, 2021 that Société Générale SA shareholding notification.

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19 May 2021, 13:40 CET.

ArcelorMittal announces that on 19 May 2021 it received two shareholding notifications from Société Générale SA. The notifications were made to reflect the entry into by Société Générale SA mainly of various financial instruments (as detailed in the notifications). According to the notifications, the following thresholds of (potential) voting rights were reached:.

The results of the trading session contributed to over 3141234 shares changing hands. Over the past one week, the price volatility of ArcelorMittal stands at 2.40% while the volatility over the past one month is 2.89%.

The market cap for MT stock reached $34.07 billion, with 1.18 billion shares outstanding and 653.43 million shares in the current float. Compared to the average trading volume of 6.29M shares, MT reached a trading volume of 3141234 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 $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 1.07, with the Price to Sales ratio for MT stock in the period of the last 12 months amounting to 0.62. The Price to Book ratio for the last quarter was 0.92, with the Price to Cash per share for the same quarter was set at 5.00. Price to Free Cash Flow for MT in the course of the last twelve months was 16.04 with Quick ratio for the last quarter at 0.70.

How has MT stock performed recently?

ArcelorMittal [MT] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.17. With this latest performance, MT shares gained by 5.81% in over the last four-week period, additionally plugging by 87.24% over the last 6 months – not to mention a rise of 232.12% 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 50.95, with the RSI for the last a single of trading hit 46.13, and the three-weeks RSI is set at 53.66 for ArcelorMittal [MT]. The present Moving Average for the last 50 days of trading for this stock 29.60, while it was recorded at 31.98 for the last single week of trading, and 20.90 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 +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 1.30.

Earnings analysis for ArcelorMittal [MT]

With the latest financial reports released by the company, ArcelorMittal posted -0.3/share EPS, while the average EPS was predicted by analysts to be reported at -0.5/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 40.00%. 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.

Insider trade positions for ArcelorMittal [MT]

There are presently around $1,748 million, or 4.60% of MT stock, in the hands of institutional investors. The top three institutional holders of MT stocks are: GQG PARTNERS LLC with ownership of 12,409,551, which is approximately New of the company’s market cap and around 44.80% of the total institutional ownership; FMR LLC, holding 7,224,268 shares of the stock with an approximate value of $223.81 million in MT stocks shares; and CLEARBRIDGE INVESTMENTS, LLC, currently with $90.92 million in MT stock with ownership of nearly -0.412% 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 129 institutional holders increased their position in ArcelorMittal [NYSE:MT] by around 29,995,270 shares. Additionally, 65 investors decreased positions by around 21,036,160 shares, while 28 investors held positions by with 5,398,956 shares. The mentioned changes placed institutional holdings at 56,430,386 shares, according to the latest SEC report filing. MT stock had 78 new institutional investments in for a total of 19,400,716 shares, while 19 institutional investors sold positions of 5,510,780 shares during the same period.

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