As of Thursday close, United States Steel Corporation’s (NYSE:X) stock was up $0.36, moving up 1.17 percent to $31.09. The average number of shares traded per day over the past five days has been 5,577,280 shares. 4 times new highs have been achieved over the past 5 days, with a $0.64 gain in that time frame. In the last twenty days, the average volume was 17,393,096, while in the previous 50 days, it was 10,997,176.
Since last month, X stock rose 26.95%. Shares of the company fell to $22.26 on 08/11/23, the lowest level in the past month. A 52-week high of $32.52 was reached on 08/14/23 after having rallying from a 52-week low of $17.89. Since the beginning of this year, X’s stock price has risen by 24.11% or $6.04, and marked a new high 16 times. However, the stock has declined by -4.40% 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 18 days ago on Aug 14. Bruno James E., the Sr. VP – European Solutions of the company, disposed of 58,812 shares for $32.00 on Aug 14. It resulted in a $1,881,984 divestment by the insider. Holloway Duane D sold 23,406 shares at an average price of $31.00 on Aug 14. The insider now owns 105,800 shares following the transaction. On Aug 14, SVP Adv. Tech. Steelmaking Brown Daniel R sold 4,861 shares at $30.00 apiece. The transaction was valued at $145,830.
Valuation Metrics
Right now, United States Steel Corporation (X) has a P/E ratio of about 6.04. The stock’s beta is 2.15. Besides these, the trailing price-to-sales (P/S) ratio of 0.37, the price-to-book (PB) ratio of 0.65, and the price-to-cash flow ratio of 26.70 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 1.30, 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 0.39, and the total debt-to-equity ratio was 0.40. On the profitability front, the trailing twelve-month gross margin is 13.70% percent. In the year ended June 29, EBITDA margin amounted to 17.81%, whereas operating margins totaled 8.10%. 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 12.90%.
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 -25.6% to $4.47 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 31.28%, the RSI 9-day stood at 64.82% on 31 August.
With respect to its five-day moving average, the current United States Steel Corporation price is up by +2.10% percent or $0.64. At present, X shares trade +28.15% above its 20-day simple moving average and +22.31% percent above its 100-day simple moving average. However, the stock is currently trading approximately +32.92% above its SMA50 and +30.25% above its SMA200.
Stochastic coefficient K was 78.16% and Stochastic coefficient D was 79.16%, while ATR was 1.11. Given the Stochastic reading of 68.01% for the 14-day period, the RSI (14) reading has been calculated as 64.81%. As of today, the MACD Oscillator reading stands at -0.06, while the 14-day reading stands at 0.02.
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 -29.54% 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 6 firms recommend it is a Hold. There are 0 analysts 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 $23.62.
