The stock of United States Steel Corporation (NYSE:X) decreased by -$0.37 on Monday to finish at $29.92, down -1.22 percent. The last five days have seen an average of 11,299,200 shares of common stock traded. 16 times new highs were reached in the current year, with a gain of $4.87. The average number of shares traded over the last 20 days was 17,763,359, while the average volume over the last 50 days totaled 11,014,434.
X stock appreciated 21.28% since last month. On 08/11/23, the company’s shares reached a one-month low of $22.26. The stock touched a high of $32.52 on 08/14/23, after rallying from a low of $17.89 in 52 weeks. The price of X stock has risen by 19.44% or $4.87 this year, reaching a new high 16 times. Still, the stock price is down -8.00% from the 52-week high.
Insider Transactions
X stock investors should be aware that United States Steel Corporation (X) stock had its last reported insider trading activity 15 days ago on Aug 14. On Aug 14, Sr. VP – European Solutions Bruno James E. sold 58,812 shares at $32.00 each. This transaction resulted in the insider making $1,881,984. On Aug 14, Holloway Duane D sold 23,406 shares at a price of US$31.00. After the transaction, the insider now owns 105,800 shares. SVP Adv. Tech. Steelmaking Brown Daniel R had earlier sold 4,861 shares on Aug 14 for $30.00 a share. The transaction was completed for $145,830.
Valuation Metrics
United States Steel Corporation (X) has a trailing price-to-earnings (P/E) ratio of 5.81. Beta for the stock is 2.11. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.35, the price-to-book (PB) ratio of 0.63, and the price-to-cash flow ratio of 25.69.
Company paid $0.05 per share in dividends, remained unchanged from $0.05 last year. A $0.04 dividend increase was reported on Saturday October 30 2021.
Financial Health
For the three months ended June 29, United States Steel Corporation’s quick ratio was 1.30, while its current ratio was 1.90, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.39, and the total debt to equity ratio is 0.40. As far as profitability goes, gross margin for the trailing twelve months is 13.70% percent. United States Steel Corporation’s operating margin stood at 8.10% for the same period. Based on annual data, it had gross profit of $4.29 billion and revenue of $21.07 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 6.80%. There was a 17.10% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 12.90%.
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 $5.01 billion, while revenues fell by -25.6% to $4.47 billion. It was predicted that United States Steel Corporation’s quarterly earnings would be $1.92, but it ended up being $1.8, beating the consensus by 6.70%. EBITDA was $788.0 million for the quarter. At the end of United States Steel Corporation’s most recent quarter ended June 29, its liabilities totaled 9.49 billion, while its total debt was $4.39 billion. Equity owned by shareholders amounts to $222.96 million.
Technical Picture
Here’s a quick look at United States Steel Corporation’s (X) price momentum from a technical perspective. As of 28 August, the RSI 9-day stood at 58.14%, suggesting the stock is Neutral, with a 27.10% historical volatility rate.
The stochastic %K and %D were 77.58% and 82.49% respectively, while the average true range (ATR) was 1.31. Based on the 14-day stochastic reading of 74.66%, the RSI (14) reading is 60.76%. On the 9-day MACD Oscillator, the stock is at -0.70, and the 14-day reading is at 1.05.
Analyst Ratings
In a note to investors, JP Morgan maintained its a Neutral rating on United States Steel Corporation (NYSE: X). However, the firm raised their price target to $23, indicating a possible decrease of -24.67% in the stock price. Analysts have assigned United States Steel Corporation (X) an Hold rating. X is a stock that is recommended for selling by 2 brokerage firms, while 7 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 1 rate it overweight and 1 other 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 $14.36 and $30.00, with a median target price of $25.00. In analyzing these forecasts, the average price target given by analysts for United States Steel Corporation (X) is $23.62.
