ArcelorMittal [NYSE: MT] price plunged by -4.80 percent to reach at -$1.54.
The one-year MT stock forecast points to a potential upside of 3.6. The average equity rating for MT stock is currently 1.94, trading closer to a bullish pattern in the stock market.
Guru’s Opinion on ArcelorMittal [MT]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for MT shares is $31.66 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 1.94. 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.
Morgan Stanley have made an estimate for ArcelorMittal shares, keeping their opinion on the stock as Equal-Weight, with their previous recommendation back on February 14, 2025. While these analysts kept the previous recommendation, BofA Securities raised their target price from $30 to $32.90. The new note on the price target was released on November 14, 2024, representing the official price target for ArcelorMittal stock. On August 28, 2024, analysts increased their price target for MT shares from 29 to 31.
The Average True Range (ATR) for ArcelorMittal is set at 1.38, with the Price to Sales ratio for MT stock in the period of the last 12 months amounting to 0.38. The Price to Book ratio for the last quarter was 0.48, with the Price to Cash per share for the same quarter was set at 8.44. Price to Free Cash Flow for MT in the course of the last twelve months was 52.51 with Quick ratio for the last quarter at 0.59.
MT Stock Performance Analysis:
ArcelorMittal [MT] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -9.41. With this latest performance, MT shares gained by 8.53% in over the last four-week period, additionally plugging by 37.73% over the last 6 months – not to mention a rise of 16.98% 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 56.06, with the RSI for the last a single of trading hit 52.03, and the three-weeks RSI is set at 57.81 for ArcelorMittal [MT]. The present Moving Average for the last 50 days of trading for this stock 26.36, while it was recorded at 32.23 for the last single week of trading, and 24.54 for the last 200 days.
Insight into ArcelorMittal Fundamentals:
ArcelorMittal’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.59 and a Current Ratio set at 1.35.
MT Stock EPS
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. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for ArcelorMittal go to 49.00%.
ArcelorMittal [MT] Institutonal Ownership Details
There are presently around $4.95%, or 4.95%% of MT stock, in the hands of institutional investors. 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 0.3228%.
