The Price Of United States Steel Corporation (X) Has Climbed $50.68 Past Week

The stock of United States Steel Corporation (NYSE:X) increased by increased by $0.67 on Friday to finish at $22.88, up 3.02 percent. The last five days have seen an average of 24,800,439 shares of common stock traded. 13 times new highs were reached in the current year, with a gain of $6.11. The average number of shares traded over the last 20 days was 22,231,875, while the average volume over the last 50 days totaled 21,573,631.

X stock appreciated 4.57% since last month. On 10/06/21, the company’s shares reached a one-month low of $20.44. The stock touched a high of $30.57 on 08/18/21, after rallying from a low of $8.90 in 52 weeks. The price of X stock has risen by 36.43% or $6.11 this year, reaching a new high 13 times. Still, the stock price is down -25.16% from the 52-week high.

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Insider Transactions

There have been 68 days since United States Steel Corporation (X) last reported insider trading activity on Aug 18. On Aug 18, SVP, GC & CCO Holloway Duane D sold 8,000 shares at $30.00 each. This transaction resulted in the insider making $240,000. On Aug 18, BURRITT DAVID B sold 50,000 shares at a price of US$30.00. After the transaction, the insider now owns 212,981 shares. Sr. VP – European Solutions Bruno James E. had earlier sold 15,000 shares on Aug 18 for $30.22 a share. The transaction was completed for $453,300.

Valuation Metrics

United States Steel Corporation (X) has a trailing price-to-earnings (P/E) ratio of 7.52. This level actually compares unfavorably with the industry at large, as the PE for the Steel industry stands at about 5.88. Further, its PE also compares favorably with the Basic Materials sector’s trailing 12 months PE ratio, which comes in at 13.81 right now. The PE ratio of United States Steel Corporation has varied between 173.00 and 1.827 in the last five years. Beta for the stock is 2.13. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.44, the price-to-book (PB) ratio of 1.06, and the price-to-cash flow ratio of 5.75.

United States Steel Corporation’s dividend is $0.04 per share per year. With a dividend yield of 0.17%, X has a payout ratio of 1.20%. On Sep. 9, the company paid $0.01 per share in dividends, remained unchanged from $0.01 last year. A $0.04 dividend decrease was reported on Thursday January 30 2020, making it the 2 consecutive year the dividend has increased. Over the last three years, dividends have increased by -80.00%.

For the three months ended June 29, United States Steel Corporation’s quick ratio was 0.80, while its current ratio was 1.30, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.82, and the total debt to equity ratio is 0.95. As far as profitability goes, gross margin for the trailing twelve months is 15.80% percent. United States Steel Corporation’s EBITDA margin for the year ended June 29 was -0.64%, whereas its operating margin stood at 7.60% for the same period. Based on annual data, it had gross profit of $183.0 million and revenue of $9.74 billion.

Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. X’s return on assets (ROA) during the last 12 months has been 6.70%. There was a -10.80% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 20.70%. ROE has averaged 24.01 in the past year for the broader industry.

Earnings Surprise

According to United States Steel Corporation’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $5.03 billion, while revenues rose by 58.39% to $3.66 billion. It was predicted that United States Steel Corporation’s quarterly earnings would be $3.37, but it ended up being $3.08, beating the consensus by 9.40%. EBITDA was $1.24 billion for the quarter. At the end of United States Steel Corporation’s most recent quarter ended June 29, its liabilities totaled 10.14 billion, while its total debt was $5.77 billion. Equity owned by shareholders amounts to $270.13 million.

Technical Picture

Here’s a quick look at United States Steel Corporation’s (X) price momentum from a technical perspective. As of 22 October, the RSI 9-day stood at 58.88%, suggesting the stock is Neutral, with a 32.84% historical volatility rate.

The stochastic %K and %D were 83.80% and 75.51% respectively, while the average true range (ATR) was 1.05. Based on the 14-day stochastic reading of 96.06%, the RSI (14) reading is 52.35%. On the 9-day MACD Oscillator, the stock is at 0.37, and the 14-day reading is at 0.73.

Analyst Ratings

United States Steel Corporation (NYSE: X) was downgraded by Morgan Stanley to a an Underweight rating in its latest research report. The stock was previously rated as a an Overweight. Analysts have assigned United States Steel Corporation (X) an Hold rating. X is a stock that is recommended for selling by 4 brokerage firms, while 4 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 1 rate it overweight and 4 others recommend it as a buy.

What is X’s price target for the next 12 months?

The current consensus forecast for the stock is between $17.00 and $50.00, with a median target price of $26.50. In analyzing these forecasts, the average price target given by analysts for United States Steel Corporation (X) is $30.95.


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