United States Steel Corporation (NYSE: X) has seen a decline in its stock price by -0.52 in relation to its previous close of 30.84. However, the company has experienced a -0.26% decline in its stock price over the last five trading sessions. Proactive Investors reported 2023-08-29 that United States Steel Corporation (NYSE:X) said it has entered into customary confidentiality agreements with numerous third parties and it is starting to share due diligence information as it considers bids for the company, sending its shares higher. In a letter to shareholders, CEO David Burritt and board chair David Sutherland said that the company believes it is its duty to “fully evaluate all options available for U.S.
Is It Worth Investing in United States Steel Corporation (NYSE: X) Right Now?
United States Steel Corporation (NYSE: X) has a price-to-earnings ratio that is above its average at 5.96x. and a 36-month beta value of 2.15. Opinions on the stock are mixed, with 1 analysts rating it as a “buy,” 1 as “overweight,” 6 as “hold,” and 2 as “sell.”
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The average price predicted for United States Steel Corporation (X) by analysts is $23.62, which is -$7.31 below the current market price. The public float for X is 220.11M, and at present, short sellers hold a 5.83% of that float. On September 18, 2023, the average trading volume of X was 9.81M shares.
X’s Market Performance
X’s stock has seen a -0.26% decrease for the week, with a 0.10% rise in the past month and a 28.58% gain in the past quarter. The volatility ratio for the week is 1.71%, and the volatility levels for the past 30 days are at 2.27% for United States Steel Corporation The simple moving average for the past 20 days is -0.56% for X’s stock, with a 17.95% simple moving average for the past 200 days.
Analysts’ Opinion of X
Many brokerage firms have already submitted their reports for X stocks, with JP Morgan repeating the rating for X by listing it as a “Neutral.” The predicted price for X in the upcoming period, according to JP Morgan is $23 based on the research report published on July 14, 2023 of the current year 2023.
X Trading at 12.00% 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 -5.66% of loss for the given period.
Volatility was left at 2.27%, however, over the last 30 days, the volatility rate increased by 1.71%, as shares sank -0.10% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +32.41% upper at present.
During the last 5 trading sessions, X fell by -0.26%, which changed the moving average for the period of 200-days by +20.41% in comparison to the 20-day moving average, which settled at $30.85. In addition, United States Steel Corporation saw 22.48% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at X starting from Buckiso Scott D, who sale 8,970 shares at the price of $31.16 back on Sep 05. After this action, Buckiso Scott D now owns 106,854 shares of United States Steel Corporation, valued at $279,460 using the latest closing price.
Jaycox Kenneth E, the SVP & Chief Comm. Officer of United States Steel Corporation, sale 10,756 shares at $30.75 during a trade that took place back on Aug 30, which means that Jaycox Kenneth E is holding 85,480 shares at $330,736 based on the most recent closing price.
Stock Fundamentals for X
Current profitability levels for the company are sitting at:
- +14.05 for the present operating margin
- +15.89 for the gross margin
The net margin for United States Steel Corporation stands at +11.97. The total capital return value is set at 21.45, while invested capital returns managed to touch 18.53. Equity return is now at value 12.90, with 6.80 for asset returns.
Based on United States Steel Corporation (X), the company’s capital structure generated 40.43 points at debt to equity in total, while total debt to capital is 28.79. Total debt to assets is 21.23, with long-term debt to equity ratio resting at 39.33. Finally, the long-term debt to capital ratio is 28.01.
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 0.54. The receivables turnover for the company is 11.32 and the total asset turnover is 1.13. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.99.
Conclusion
To sum up, United States Steel Corporation (X) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
