As of Friday close, United States Steel Corporation’s (NYSE:X) stock was down -$0.15, moving down -0.62 percent to $24.11. The average number of shares traded per day over the past five days has been 7,603,580 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.56 fall in that time frame. In the last twenty days, the average volume was 6,887,755, while in the previous 50 days, it was 6,932,966.
Since last month, X stock rose 4.06%. Shares of the company fell to $22.73 on 07/06/23, the lowest level in the past month. A 52-week high of $31.55 was reached on 03/03/23 after having rallying from a 52-week low of $17.89. Since the beginning of this year, X’s stock price has dropped by -3.75% or -$0.94, and marked a new high 15 times. However, the stock has declined by -23.58% since its 52-week high.
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X stock investors should be aware that United States Steel Corporation (X) stock had its last reported insider trading activity 94 days ago on May 03. Davis Alicia J., the Director of the company, purchased of 1,000 shares for $22.64 on May 03. It resulted in a $22,645 investment by the insider. Ayers Andrea J. added 1,000 shares at an average price of $31.45 on Mar 03. The insider now owns 5,014 shares following the transaction. On Mar 03, SVP-Chief Strat & Sustain Off Fruehauf Richard sold 37,500 shares at $31.38 apiece. The transaction was valued at $1,176,750.
Valuation Metrics
Right now, United States Steel Corporation (X) has a P/E ratio of about 3.61. The stock’s beta is 2.19. Besides these, the trailing price-to-sales (P/S) ratio of 0.27, the price-to-book (PB) ratio of 0.53, and the price-to-cash flow ratio of 3.19 may also be considered.
The latest dividend of $0.05 per share was paid out, remained unchanged from last year’s $0.05. On Saturday October 30 2021, a $0.04 dividend increase was announced.
Financial Health
In the three months ended June 29, United States Steel Corporation’s quick ratio stood at 1.20, while its current ratio was 1.90, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.38, and the total debt-to-equity ratio was 0.39. On the profitability front, the trailing twelve-month gross margin is 16.70% percent. In the year ended June 29, EBITDA margin amounted to 17.81%, whereas operating margins totaled 15.60%. Based on annual data, X earned $4.29 billion in gross profit and brought in $21.07 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 17.10%. Return on equity (ROE) for the past 12 months was 24.50%.
In United States Steel Corporation’s quarter-end financial report for June 29, it reported total debt of $4.15 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. X’s revenue fell -12.26% to $5.2 billion during the quarter, while net income inched up to $5.01 billion. While analysts expected United States Steel Corporation to report $1.8 quarterly earnings, the actual figure was $1.92 per share, beating the consensus estimate by 6.70%. During the quarter, the company generated $788.0 million in EBITDA. The liabilities of United States Steel Corporation were 9.49 billion at the end of its most recent quarter ended June 29, and its total debt was $4.39 billion. The value of shareholders’ equity is $222.96 million.
Technical Picture
This quick technical analysis looks at United States Steel Corporation’s (X) price momentum. With a historical volatility rate of 39.47%, the RSI 9-day stood at 41.70% on 04 August.
With respect to its five-day moving average, the current United States Steel Corporation price is down by -2.27% percent or -$0.56. At present, X shares trade +0.08% above its 20-day simple moving average and -10.04% percent below its 100-day simple moving average. However, the stock is currently trading approximately +11.57% above its SMA50 and +22.70% above its SMA200.
Stochastic coefficient K was 23.11% and Stochastic coefficient D was 45.57%, while ATR was 0.90. Given the Stochastic reading of 16.44% for the 14-day period, the RSI (14) reading has been calculated as 46.31%. As of today, the MACD Oscillator reading stands at -0.71, while the 14-day reading stands at -0.59.
Analyst Ratings
JP Morgan reiterated its a Neutral rating on United States Steel Corporation (NYSE: X) in a note to investors. The analysts firm has however raised their price target to $23, representing a possible -0.46% increase in the stock price. United States Steel Corporation (X) has been rated Hold by analysts. According to 2 brokerage firms, X is a sell, and 8 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 1 analyst rate United States Steel Corporation stock as buy, with 1 recommending it as overweight.
With a median target price of $25.00, the current consensus forecast for the stock is $14.36 – $30.00. Based on these forecasts, analysts predict United States Steel Corporation (X) will achieve an average price target of $23.82.
