Arcelor Mittal Stock in Focus

During the afternoon session, Arcelor Mittal moved 4.28%, compared to None% for the S&P 500.

ArcelorMittal owns and operates steelmaking and mining facilities in Europe, North and South America, Asia and Africa. The company is now trading -22.44% away from its average analyst target price of $36.29 per share. The 4 analysts following the stock have set target prices ranging from $32.17 to $38.0, and on average give Arcelor Mittal a rating of buy.

Over the last year, MT shares have gone down by -19%. The stock's 52 week high is $34.1 per share and its 52 week low is $19.25. Based on Arcelor Mittal's average gross margin growth of 65.74% over the last four years, its core business remains strong and the stock price may recover in the long term.

Date Reported Revenue (k) Cost of Revenue (k) Gross Margin YoY Growth
2022-12-31 $79,844,000 $66,283,000 16.98% -32.4%
2021-12-31 $76,571,000 $57,337,000 25.12% 223.71%
2020-12-31 $53,270,000 $49,138,000 7.76% 216.73%
2019-12-31 $70,615,000 $68,887,000 2.45% -79.32%
2018-12-31 $76,033,000 $67,025,000 11.85% n/a
The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.