United States Steel Corporation (NYSE:X) trading with an addition of $1.21 to $22.66 on Thursday, an upside of 5.66 percent. An average of 15,283,379 shares of common stock have been traded in the last five days. There was a gain of $1.84 in the past week, and it reached a new high 29 times over the past 12 months. The last 20 days have seen an average of 23,881,445 shares traded, while the 50-day average volume stands at 20,714,270.
X stock has decreased by -12.27% in the last month. The company shares reached their 1-month lowest point of $20.44 on 10/06/21. With the stock rallying to its 52-week high on 08/18/21, shares of the company touched a low of $8.28 and a high of $30.57 in 52 weeks. It has reached a new high 13 times so far this year and achieved 27.91% or $5.85 in price. In spite of this, the price is down -25.86% from the 52-week high.
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57 days have passed since United States Steel Corporation (X) last reported insider trading activity. Holloway Duane D, who is SVP, GC & CCO, most recently acquired $8,000 shares at $30.00 per share on Aug 18. In this transaction, the insider spent $240,000. Pres. & CEO, BURRITT DAVID B, disposed of 50,000 shares at a price of $30.00 on Aug 18. The insider now owns more than $1,500,000 worth of shares. Prior to that, Sr. VP – European Solutions Bruno James E. went on to Sale 15,000 shares at $30.22 each on Aug 18. An amount of $453,300 was transacted.
United States Steel Corporation (X) has a trailing price-to-earnings (P/E) ratio of 7.05, which compares with the 8.40 for the broader industry and 13.88 for the sector. In the last five years, United States Steel Corporation’s PE ratio has ranged between 173.00 and 1.827. The stock’s beta is 2.17. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.43, the price-to-book (PB) ratio at 0.99, and the price-to-cash flow ratio at 5.57.
United States Steel Corporation pays a $0.04 dividend per share annually. It offers a dividend yield of 0.18%. The company has a payout ratio of 1.20%. The company’s most recent quarterly dividend payment took place on Sep. 9, and it was $0.01 a share, without any change from last year. Its dividend has been increased for the last 2 consecutive years with the latest decrease dividend $0.04 reported on Thursday January 30 2020. Dividends have grown by -80.00% each year over the last three years.
United States Steel Corporation will next go ex-dividend on 8-Nov. The next dividend payment United States Steel Corporation will make is expected to be $0.01.
The quick ratio of United States Steel Corporation for the three months ended June 29 was 0.80, and the current ratio was 1.30, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.82 and a total debt to equity ratio of 0.95 for the quarter ending June 29. On the profitability front, the trailing 12-month gross margin is 15.80% against a 5-year average of 3.1%. United States Steel Corporation’s EBITDA margin for the year ending June 29 is -0.64%, while its operating margin for the same period stands at 7.60%. Its gross profit as reported stood at $183.0 million compared to revenue of $9.74 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, United States Steel Corporation’s return on assets was 6.70%, compared to -1.1% over the last five years. In the past year, the return on investment has been -10.80%, and the 5-year average is 0.9%. Meanwhile, the return on equity (ROE) for the past 12 months has been 20.70% and the 5-year average holds at -4.0%. For the broader industry, ROE averaged 24.01 over the past year.
For the three-month period that ended June 29, United States Steel Corporation had $4.8 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $1.01 billion in the quarter, while revenues of $91.0 million were grew 158.2%. The analyst consensus anticipated United States Steel Corporation’s latest quarter earnings to come in at $3.08 per share, but it turned out to be $3.37, a 9.40% surprise. For the quarter, EBITDA amounted to $1.24 billion. Shareholders own equity worth $270.13 million.
From a technical analysis perspective, let’s take a brief look at United States Steel Corporation (X) price momentum. RSI 9-day as of the close on 13 October was 55.35%, suggesting the stock is Neutral, with historical volatility in this time frame at 60.92%.
As of today, X’s price is $21.58 +8.85% or $1.84 from its 5-day moving average. X is currently trading -10.91% lower than its 20-day SMA and -6.99% lower than its 100-day SMA. However, the stock’s current price level is -10.38% below the SMA50 and +37.59% above the SMA200.
The stochastic %K and %D were 58.11% and 43.85%, respectively, and the average true range (ATR) was 1.02. With the 14-day stochastic at 83.52% and the average true range at 1.07, the RSI (14) stands at 49.27%. The stock has reached 0.46 on the 9-day MACD Oscillator while the 14-day reading was at 0.22.
Argus upgraded United States Steel Corporation (NYSE: X) to a a Buy rating in its most recent analyst report. Previously, the stock was rated as a a Hold.The consensus rating for United States Steel Corporation (X) among analysts is Hold. According to current brokerage recommendations, 3 brokerage firms advise that investors sell X, while 4 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 4 others rate it as a “buy”.
What is X’s price target for the next 12 months?
Analysts predict a range of price targets between $21.00 and $50.00, with a median target of $31.00. Taking a look at these predictions, the average price target given by analysts for United States Steel Corporation (X) stock is $33.19.