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We Analyzed the Future Direction of United States Steel Corporation (X), Here is What We Found

United States Steel Corporation (NYSE:X) went up by 1.74% from its latest closing price compared to the recent 1-year high of $39.25. The company’s stock price has collected -14.38% of loss in the last five trading sessions. Barron’s reported on 09/15/22 that U.S. Steel Joins Nucor With Disappointing Guidance

Is It Worth Investing in United States Steel Corporation (NYSE :X) Right Now?

United States Steel Corporation (NYSE:X) scored a price-to-earnings ratio above its average ratio, recording 1.20 x from its present earnings ratio. Plus, the 36-month beta value for X is at 2.17. Opinions of the stock are interesting as 3 analysts out of 12 who provided ratings for United States Steel Corporation declared the stock was a “buy,” while 1 rated the stock as “overweight,” 5 rated it as “hold,” and 3 as “sell.”

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The average price from analysts is $24.74, which is $6.01 above the current price. X currently public float of 234.52M and currently shorts hold a 13.80% ratio of that float. Today, the average trading volume of X was 12.21M shares.

X’s Market Performance

X stocks went down by -14.38% for the week, with a monthly drop of -13.43% and a quarterly performance of 3.02%, while its annual performance rate touched -12.29%. The volatility ratio for the week stands at 5.84% while the volatility levels for the past 30 days are set at 5.40% for United States Steel Corporation. The simple moving average for the period of the last 20 days is -11.14% for X stocks with a simple moving average of -18.94% for the last 200 days.

Analysts’ Opinion of X

Many brokerage firms have already submitted their reports for X stocks, with Credit Suisse repeating the rating for X by listing it as a “Outperform.” The predicted price for X in the upcoming period, according to Credit Suisse is $44 based on the research report published on June 17th of the current year 2022.

JP Morgan, on the other hand, stated in their research note that they expect to see X reach a price target of $28, previously predicting the price at $34. The rating they have provided for X stocks is “Underweight” according to the report published on June 14th, 2022.

Morgan Stanley gave a rating of “Equal-Weight” to X, setting the target price at $31 in the report published on March 07th of the current year.

X Trading at -7.49% 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 -47.80% of loss for the given period.

Volatility was left at 5.40%, however, over the last 30 days, the volatility rate increased by 5.84%, as shares sank -11.45% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +16.29% upper at present.

During the last 5 trading sessions, X fell by -14.38%, which changed the moving average for the period of 200-days by -8.28% in comparison to the 20-day moving average, which settled at $22.93. In addition, United States Steel Corporation saw -13.94% in overturn over a single year, with a tendency to cut further losses.

Insider Trading

Reports are indicating that there were more than several insider trading activities at X starting from Grewal Manpreet, who sale 3,505 shares at the price of $33.00 back on Apr 29. After this action, Grewal Manpreet now owns 23,913 shares of United States Steel Corporation, valued at $115,665 using the latest closing price.

Breves Christine S, the SVP & CFO of United States Steel Corporation, sale 2,217 shares at $38.00 during a trade that took place back on Apr 14, which means that Breves Christine S is holding 215,875 shares at $84,246 based on the most recent closing price.

Stock Fundamentals for X

Current profitability levels for the company are sitting at:

  • +22.79 for the present operating margin
  • +24.69 for the gross margin

The net margin for United States Steel Corporation stands at +20.42. Equity return is now at value 53.60, with 26.60 for asset returns.

The liquidity ratio also appears to be rather interesting for investors as it stands at 1.86.

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