ArcelorMittal [NYSE: MT] surged by $2.85 during the normal trading session on while it closed the day at $28.33.
ArcelorMittal stock has also gained 12.29% of its value over the past 7 days. However, MT stock has inclined by 14.19% in the 3 months of the year. Over the past six months meanwhile, it has gained 32.26% and gained 22.48% year-on date.
The market cap for MT stock reached $22.25 billion, with 785.39 million shares outstanding and 785.39 million shares in the current float. Compared to the average trading volume of 1.66M shares, MT reached a trading volume of 6725559 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 $30.45 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 1.88. 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.
BofA Securities have made an estimate for ArcelorMittal shares, keeping their opinion on the stock as Buy, with their previous recommendation back on November 14, 2024. The new note on the price target was released on October 11, 2024, representing the official price target for ArcelorMittal stock. Previously, the target price had yet another raise from $29 to $31, while Deutsche Bank kept a Buy rating on MT stock.
The Average True Range (ATR) for ArcelorMittal is set at 0.78, with the Price to Sales ratio for MT stock in the period of the last 12 months amounting to 0.36. The Price to Book ratio for the last quarter was 0.43, with the Price to Cash per share for the same quarter was set at 8.26. Price to Free Cash Flow for MT in the course of the last twelve months was 49.81 with Quick ratio for the last quarter at 0.59.
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 12.29. With this latest performance, MT shares gained by 28.60% in over the last four-week period, additionally plugging by 32.26% over the last 6 months – not to mention a rise of 4.93% 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 76.66, with the RSI for the last a single of trading hit 82.40, and the three-weeks RSI is set at 71.39 for ArcelorMittal [MT]. The present Moving Average for the last 50 days of trading for this stock 24.11, while it was recorded at 25.59 for the last single week of trading, and 24.11 for the last 200 days.
ArcelorMittal [MT]: An insightful look at the core fundamentals
ArcelorMittal’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.59 and a Current Ratio set at 1.35.
ArcelorMittal [MT]: Institutional Ownership
The top three institutional holders of MT stocks are: DIMENSIONAL FUND ADVISORS LP with ownership of 3.33 million shares, which is approximately 0.4113%. ARROWSTREET CAPITAL, LIMITED PARTNERSHIP, holding 2.92 million shares of the stock with an approximate value of $$66.84 million in MT stocks shares; and ARROWSTREET CAPITAL, LIMITED PARTNERSHIP, currently with $$59.65 million in MT stock with ownership which is approximately 0.3216%.
