United States Steel Corp. (NYSE:X) saw an upside of 0.22% to $32.07 after adding $0.07 on Monday. The 5-day average trading volume is 7,279,525 shares of the company’s common stock. It has gained $32.15 in the past week and touched a new high 4 times within the past 5 days. An average of 5,859,501 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 10,845,553.
X’s 1-month performance is 5.32% or $1.82 on its low of $29.84 reached on 08/28/23. The company’s shares have touched a 52-week low of $17.89 and high of $32.52, with the stock’s rally to the 52-week high happening on 08/14/23. YTD, X has achieved 28.02% or $7.06 and has reached a new high 16 times. However, the current price is down -1.38% from the 52-week high price.
Insider Transactions
X stock investors last saw insider trading activity on Sep 05.Buckiso Scott D (SVP & Chief Mfg Officer – NAFR) most recently sold 8,970 shares at $31.16 per share on Sep 05. This transaction cost the insider $279,460. SVP & Chief Comm. Officer, Jaycox Kenneth E, sold 10,756 shares at a price of $30.75 on Aug 30. Then, on Aug 14, Sr. VP – European Solutions Bruno James E. sold 58,812 shares at a price of $32.00 per share. This transaction amounted to $1,881,984.
Valuation Metrics
X stock has a beta of 2.11. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.38 while the price-to-book (PB) in the most recent quarter is 0.67, with the price to cash flow ratio at 27.40.
United States Steel Corp.’s quick ratio for the period ended June 29 was 1.30, with the current ratio over the same period at 1.92. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.40, while the total debt to equity was 0.41. In terms of profitability, the gross margin trailing 12 months is 9.11%. The trailing 12-month EBITDA margin is 17.81% while for the period ending June 29, United States Steel Corp.’s operating margin was 7.23%. The firm’s gross profit as reported stood at $4.29 billion against revenue of $21.07 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income shrunk -105.03% to $477.0 million, while revenue of $199.0 million was 58.28% off the previous quarter. Analysts expected X to announce $1.8 per share in earnings in its latest quarter, but it posted $1.92, representing a 6.70% surprise. EBITDA for the quarter stood at more than $788.0 million. X stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 9.49 billion, with total debt at $4.39 billion. Shareholders hold equity totaling $222.96 million.
Let’s look briefly at United States Steel Corp. (X) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 22 September was 68.80% to suggest the stock is trending Neutral, with historical volatility in this time period at 23.11%.
The stock’s 5-day moving average is $31.68, reflecting a +5.18% or $1.58 change from its current price. X is currently trading +6.01% above its 20-day SMA, +42.28% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +31.02% and SMA200 by+18.06%.
Stochastic %K and %D was 85.46% and 78.43% and the average true range (ATR) pointed at 0.68. The RSI (14) points at 66.10%, while the 14-day stochastic is at 98.21% with the period’s ATR at 0.76. The stock’s 9-day MACD Oscillator is pointing at 0.59 and 0.77 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for United States Steel Corp. (NYSE: X), JP Morgan reiterated its a Neutral rating for the company but lifted their price target by $24 to $23. Analysts offering their rating for X stock have a consensus rating for the stock as Hold. Currently, 2 brokerage advisors rate X as a “sell,”, while 5 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 1 have offered a “buy” rating.
What is X’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $14.36 and a high of $26.00, with their median price target at $25.00. Looking at these predictions, the average price target given by analysts is for United States Steel Corp. (X) stock is $22.89.
