How to Buy Arcelormittal Stock
Arcelormittal
Arcelormittal is a steel company located in Luxembourg, which is part of the Basic Materials sector, and is traded under the ticker MT on the NYSE exchange.
Arcelormittal stock last closed at $25.20, up 0.04% from the previous day, and has decreased 9.68% in one year. It has underperformed other stocks in the Steel industry by 0.24 percentage points. Arcelormittal stock is currently +18.31% from its 52-week low of $21.30, and -13.55% from its 52-week high of $29.15.
As of Apr 24, 2024, there are 819.27M shares of MT outstanding. The market cap of MT is $20.65B. In the past 24 hours, 1.04M MT shares were traded.
How to Buy Arcelormittal Stock
Wondering how to invest in Arcelormittal stock? Here's how.
- Choose where to buy Arcelormittal stock: You need to decide on a stock brokerage, but don't worry - we've analyzed dozens of stock brokerages and apps to help you choose where to buy Arcelormittal stock.
- Sign up for a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
- Fund your brokerage account: Pick your payment method and add your info.
- Analyze Arcelormittal stock: The Arcelormittal ticker symbol is MT. Is Arcelormittal stock a good investment? Should you buy shares of MT? How do MT's underlying business fundamentals look? Do top analysts think Arcelormittal is a good buy? Why has MT's stock price moved recently? (Hint: Our stock research tools can help you evaluate if MT is a good stock to buy).
- Execute your MT purchase: Decide if you will purchase MT shares at the current market price or use a limit order to buy MT shares at a given price.
- Track your MT investment: Create a watchlist to the latest updates on your investment in Arcelormittal stock.
Step 1: Choose where to buy Arcelormittal stock
You need a brokerage account in order to access the NYSE market and buy MT stock.
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Open eToro AccountStep 2: Sign up for a brokerage account
Now that you've picked the best brokerage, it's time to fill out some personal information so you are able to invest in MT stock today.
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- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
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Step 3: Fund your brokerage account
Now that you have opened your account on one of the most highly reviewed stock trading apps, you need to deposit funds:
Watch this video walkthrough to see the process of transferring money into your brokerage account.
Step 4: Analyze Arcelormittal stock
After you have identified the best place to buy Arcelormittal stock, it's very important to research their stock prior to buying, so you actually understand the risk as well as the opportunity.
Overview of key MT info
MT Zen Score
WallStreetZen was built to help everyday investors do more in-depth fundamental analysis in minutes instead of hours.
You can see all of the due diligence checks on MT's stock page.
Is MT stock undervalued?
Investors use a variety of different financial metrics, analyses, models, and charts to gauge MT's fair value.
Using relative valuations metrics:
- MT could be overvalued based on its P/E ratio of 23.12x, relative to Steel industry P/E ratio of 13.31x
- MT may be undervalued based on its P/B ratio of 0.38x, relative to Steel industry P/B ratio of 0.94x
- MT may be undervalued based on its PEG ratio of 0.13x
You can access more valuation analysis on MT's stock here.
Is MT a healthy company?
Passed Health Checks:
- Total MT debt is lower than 5 years ago, relative to shareholder equity.
- MT's operating cash flow of $7.65B allows it to safely service it's debt of $10.68B.
- There are more short-term assets than short-term liabilities on the MT balance sheet.
- There are more short-term assets than long-term liabilities on the MT balance sheet.
Failed Health Checks:
- MT profit margin has gone down from 11.7% to 1.3% in the past year.
- MT has a relatively high debt to equity ratio of 0.7.
- MT earnings of $2.02B is not enough to cover its interest payments.
Is it a good time to buy Arcelormittal stock, according to analysts?
Out of 1 sell side analysts who monitor MT, the consensus analyst rating on MT is a Hold
It's important to note that analyst ratings are not recommendations, nor are they investment advice.
You can dive deeper into what analysts are forecasting on the Arcelormittal stock forecast page.
MT Technical Indicators
How are MT Revenues/Earnings doing?
Last year, MT earnings were $919.00M. Over the last five year, MT's earnings have grown by -26.47% per year. This was slower than the Steel industry average of 10.81%.
Last year, MT revenue was $68.28B. In the past 5 year, MT's revenue has grown by -2.13% per year. This was slower than the Steel industry average of 7.68%.
Find out more about MT's earnings and revenue performance here.
Latest Insiders Trades at MT
In the last year, insiders at MT have not bought or sold any shares.
Learn more about who owns MT shares here.
Does MT stock generate passive income?
Arcelormittal pays a dividend of 1.75%, compared to the Steel industry's average dividend yield of 2.88%. If you owned $1,000 of MT stock, you would have received $17.46 in the past year.
Arcelormittal dividend payments have not consistently grown over the past decade and have not remained stable.
Dig into more analysis about Arcelormittal dividend yield and history here.
What others are saying about MT
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Step 5: Execute your MT purchase
You have two main options:
- Market order: A market order is an order to buy or sell a security at the best possible price.
Market orders are generally fine. - Limit order: A limit order lets you buy or sell a stock at a specific price (or better).
If you want to be sure you're buying or selling at a given price limit, use a limit order.
Press the Open button and your broker will place your order.
If you want additional assistance buying stocks on eToro, click the how to video below:
Step 6: Track your MT investment
Now that you own some MT stock, you'll want to stay up-to-date on your new shares.
Add MT to a watchlist to monitor your MT stock.
MT Feed
How to Buy Stock in Arcelormittal
To reiterate, here are the 6 steps to buy Arcelormittal stock:
- Choose where to buy Arcelormittal stock
- Sign up for a brokerage account
- Fund your brokerage account
- Analyze Arcelormittal stock
- Execute your MT purchase
- Track your MT investment
If you are looking for a place to buy stocks, eToro is our recommended option.
Get Started with eToro TodayIf you would like to watch your new investment in Arcelormittal, click the button below.
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