United States Steel Corporation (NYSE:X) went up by 9.00% from its latest closing price compared to the recent 1-year high of $22.42. The company’s stock price has collected 32.92% of gains in the last five trading sessions. Barron’s reported 12 hours ago that Oldies but Goodies: Some Century-Old Stocks Still Deliver
Is It Worth Investing in United States Steel Corporation (NYSE :X) Right Now?
Plus, the 36-month beta value for X is at 2.49. Opinions of the stock are interesting as 3 analysts out of 13 who provided ratings for United States Steel Corporation declared the stock was a “buy,” while 0 rated the stock as “overweight,” 6 rated it as “hold,” and 3 as “sell.”
The average price from analysts is $13.04, which is -$11.67 below the current price. X currently public float of 217.89M and currently shorts hold a 16.55% ratio of that float. Today, the average trading volume of X was 13.44M shares.
X’s Market Performance
X stocks went up by 32.92% for the week, with a monthly jump of 14.48% and a quarterly performance of 161.31%, while its annual performance rate touched 105.44%. The volatility ratio for the week stands at 10.88% while the volatility levels for the past 30 days are set at 7.09% for United States Steel Corporation. The simple moving average for the period of the last 20 days is 25.30% for X stocks with a simple moving average of 137.26% for the last 200 days.
Analysts’ Opinion of X
Many brokerage firms have already submitted their reports for X stocks, with Deutsche Bank repeating the rating for X by listing it as a “Buy.” The predicted price for X in the upcoming period, according to Deutsche Bank is $28 based on the research report published on January 08th of the current year 2021.
Argus, on the other hand, stated in their research note that they expect to see X reach a price target of $22. The rating they have provided for X stocks is “Buy” according to the report published on December 09th, 2020.
Morgan Stanley gave a rating of “Equal-Weight” to X, setting the target price at $17 in the report published on December 09th of the previous year.
X Trading at 55.19% from the 50-Day Moving Average
After a stumble in the market that brought X to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -0.58% of loss for the given period.
Volatility was left at 7.09%, however, over the last 30 days, the volatility rate increased by 10.88%, as shares surge +22.14% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +121.35% upper at present.
During the last 5 trading sessions, X rose by +32.92%, which changed the moving average for the period of 200-days by +279.73% in comparison to the 20-day moving average, which settled at $17.99. In addition, United States Steel Corporation saw 32.92% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for X
Current profitability levels for the company are sitting at:
- -0.22 for the present operating margin
- +2.01 for the gross margin
The net margin for United States Steel Corporation stands at -4.87. The total capital return value is set at -0.40, while invested capital returns managed to touch -8.74. Equity return is now at value -50.60, with -15.60 for asset returns.
Based on United States Steel Corporation (X), the company’s capital structure generated 94.77 points at debt to equity in total, while total debt to capital is 48.66. Total debt to assets is 33.41, with long-term debt to equity ratio resting at 92.96. Finally, the long-term debt to capital ratio is 47.73.
When we switch over and look at the enterprise to sales, we see a ratio of 0.39, with the company’s debt to enterprise value settled at 0.76. The receivables turnover for the company is 9.12 and the total asset turnover is 1.15. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.45.