Analysts Issue Research Notes On United States Steel Corporation (X)

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MNDY Stock
MNDY Stock

United States Steel Corporation (NYSE:X) finished Thursday with a subtraction of -$0.17 to close at $19.68, a downside of -0.86 percent. An average of 14,864,160 shares of common stock have been traded in the last five days. There was a fall of -$0.62 in the past week, and it reached a new high 19 times over the past 12 months. The last 20 days have seen an average of 13,472,590 shares traded, while the 50-day average volume stands at 11,440,474.

X stock has decreased by -15.39% in the last month. The company shares reached their 1-month lowest point of $19.45 on 09/22/22. With the stock rallying to its 52-week high on 04/01/22, shares of the company touched a low of $16.41 and a high of $39.25 in 52 weeks. It has reached a new high 19 times so far this year and lost -17.35% or -$4.13 in price. In spite of this, the price is down -49.86% from the 52-week high.


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Insider Transactions

147 days have passed since United States Steel Corporation (X) last reported insider trading activity. Grewal Manpreet, who is VP, Controller & CAO, most recently acquired $3,505 shares at $33.00 per share on Apr 29. In this transaction, the insider spent $115,665. SVP & CFO, Breves Christine S, disposed of 2,217 shares at a price of $38.00 on Apr 14. The insider now owns more than $84,246 worth of shares. Prior to that, SVP & CFO Breves Christine S went on to Sale 22,387 shares at $36.90 each on Apr 06. An amount of $826,080 was transacted.

Valuation Metrics

United States Steel Corporation (X) has a trailing price-to-earnings (P/E) ratio of 1.15. The stock’s beta is 2.17. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.20, the price-to-book (PB) ratio at 0.50, and the price-to-cash flow ratio at 1.37.

The company has a payout ratio of 0.90%. The company’s most recent quarterly dividend payment was $0.05 a share, without any change from last year. Its latest increase dividend $0.04 reported on Saturday October 30 2021.

Financial Health

The quick ratio of United States Steel Corporation for the three months ended June 29 was 1.30, and the current ratio was 2.00, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.38 and a total debt to equity ratio of 0.38 for the quarter ending June 29. Its gross profit as reported stood at $5.74 billion compared to revenue of $20.27 billion.

Earnings Surprise

For the three-month period that ended June 29, United States Steel Corporation had $3.87 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 $978.0 million in the quarter, while revenues were shrunk -3.48%. The analyst consensus anticipated United States Steel Corporation’s latest quarter earnings to come in at $3.86 per share, but it turned out to be $3.86, a 0.00% surprise. For the quarter, EBITDA amounted to $1.45 billion. Shareholders own equity worth $237.23 million.

Technical Picture

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 22 September was 31.71%, suggesting the stock is Neutral, with historical volatility in this time frame at 47.23%.

As of today, X’s price is $20.10 -3.05% or -$0.62 from its 5-day moving average. X is currently trading -18.17% lower than its 20-day SMA and -35.45% lower than its 100-day SMA. However, the stock’s current price level is +8.91% above the SMA50 and -13.11% below the SMA200.

The stochastic %K and %D were 6.13% and 8.82%, respectively, and the average true range (ATR) was 1.16. With the 14-day stochastic at 3.65% and the average true range at 1.18, the RSI (14) stands at 37.03%. The stock has reached -0.88 on the 9-day MACD Oscillator while the 14-day reading was at -1.75.

Analyst Ratings

Credit Suisse reiterated its an Outperform rating on United States Steel Corporation (NYSE: X), but raised their price target to $49, indicating a potential price increase of 59.84% for the stock. 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 3 others rate it as a “buy”.

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