ArcelorMittal [MT] is 48.73% higher this YTD. Is it still time to buy?

ArcelorMittal [NYSE: MT] plunged by -$1.18 during the normal trading session on Monday and reaching a high of $35.24 during the day while it closed the day at $34.06. The company report on July 31, 2021 that ArcelorMittal announces publication of its 2021 half-year report.

30 July 2021, 22:00 CET.

ArcelorMittal (the ‘Company) has published its half-year report for the six-month period ended 30 June 2021.

ArcelorMittal stock has also gained 1.10% of its value over the past 7 days. However, MT stock has inclined by 12.86% in the 3 months of the year. Over the past six months meanwhile, it has gained 50.98% and gained 48.73% year-on date.

The market cap for MT stock reached $37.42 billion, with 1.15 billion shares outstanding and 653.43 million shares in the current float. Compared to the average trading volume of 4.37M shares, MT reached a trading volume of 3675341 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 $40.59 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.

Barclays have made an estimate for ArcelorMittal shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on July 15, 2021. The new note on the price target was released on January 25, 2021, representing the official price target for ArcelorMittal stock. Previously, the target price had yet another raise to $24, while Credit Suisse analysts kept a Neutral rating on MT stock.

The Average True Range (ATR) for ArcelorMittal is set at 1.06, with the Price to Sales ratio for MT stock in the period of the last 12 months amounting to 0.69. The Price to Book ratio for the last quarter was 0.89, with the Price to Cash per share for the same quarter was set at 3.81. Price to Free Cash Flow for MT in the course of the last twelve months was 9.44 with Quick ratio for the last quarter at 0.60.

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 1.10. With this latest performance, MT shares gained by 9.06% in over the last four-week period, additionally plugging by 50.98% over the last 6 months – not to mention a rise of 210.48% 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 60.76, with the RSI for the last a single of trading hit 62.40, and the three-weeks RSI is set at 58.91 for ArcelorMittal [MT]. The present Moving Average for the last 50 days of trading for this stock 31.54, while it was recorded at 34.46 for the last single week of trading, and 25.59 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 0.60 and a Current Ratio set at 1.30.

ArcelorMittal [MT]: Insider Ownership positions

There are presently around $1,915 million, or 5.20% 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 $246.06 million in MT stocks shares; and CLEARBRIDGE INVESTMENTS, LLC, currently with $99.96 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 July and at the time of the July reporting period, where 131 institutional holders increased their position in ArcelorMittal [NYSE:MT] by around 29,145,918 shares. Additionally, 64 investors decreased positions by around 21,534,881 shares, while 29 investors held positions by with 5,530,217 shares. The mentioned changes placed institutional holdings at 56,211,016 shares, according to the latest SEC report filing. MT stock had 71 new institutional investments in for a total of 18,362,445 shares, while 19 institutional investors sold positions of 5,893,869 shares during the same period.

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