In the past week, X stock has gone down by -1.80%, with a monthly decline of -14.30% and a quarterly plunge of -16.16%. The volatility ratio for the week is 2.44%, and the volatility levels for the last 30 days are 3.34% for United States Steel Corp. The simple moving average for the past 20 days is -0.92% for X’s stock, with a 11.90% simple moving average for the past 200 days.
Is It Worth Investing in United States Steel Corp. (NYSE: X) Right Now?
United States Steel Corp. (NYSE: X) has a higher price-to-earnings ratio of 11.67x compared to its average ratio. X has 36-month beta value of 2.06. Analysts have mixed views on the stock, with 5 analysts rating it as a “buy,” 3 as “overweight,” 5 as “hold,” and 1 as “sell.”
The public float for X is 220.29M, and currently, short sellers hold a 9.20% ratio of that float. The average trading volume of X on April 09, 2024 was 4.83M shares.
X) stock’s latest price update
The stock of United States Steel Corp. (NYSE: X) has increased by 0.26 when compared to last closing price of 40.55.Despite this, the company has seen a loss of -1.80% in its stock price over the last five trading days. Zacks Investment Research reported 2024-04-09 that MTAL, TELNY and X made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on April 9, 2023.
Analysts’ Opinion of X
Morgan Stanley, on the other hand, stated in their research note that they expect to see X reach a price target of $51, previously predicting the price at $40. The rating they have provided for X stocks is “Equal-Weight” according to the report published on February 15th, 2024.
JP Morgan gave a rating of “Neutral” to X, setting the target price at $47 in the report published on February 09th of the current year.
X Trading at -8.60% 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 -19.01% of loss for the given period.
Volatility was left at 3.34%, however, over the last 30 days, the volatility rate increased by 2.44%, as shares sank -13.66% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -15.82% lower at present.
During the last 5 trading sessions, X fell by -1.78%, which changed the moving average for the period of 200-days by +73.63% in comparison to the 20-day moving average, which settled at $40.71. In addition, United States Steel Corp. saw -16.43% 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 BURRITT DAVID B, who sale 252,458 shares at the price of $50.01 back on Dec 18 ’23. After this action, BURRITT DAVID B now owns 581,609 shares of United States Steel Corp., valued at $12,626,182 using the latest closing price.
Brown Daniel R, the SVP Adv. Tech. Steelmaking of United States Steel Corp., sale 5,000 shares at $49.77 during a trade that took place back on Dec 18 ’23, which means that Brown Daniel R is holding 86,968 shares at $248,850 based on the most recent closing price.
Stock Fundamentals for X
Current profitability levels for the company are sitting at:
- 0.05 for the present operating margin
- 0.12 for the gross margin
The net margin for United States Steel Corp. stands at 0.05. The total capital return value is set at 0.05. Equity return is now at value 8.42, with 4.49 for asset returns.
Based on United States Steel Corp. (X), the company’s capital structure generated 0.28 points at debt to capital in total, while cash flow to debt ratio is standing at 0.48. The debt to equity ratio resting at 0.39. The interest coverage ratio of the stock is 11.36.
Currently, EBITDA for the company is 2.04 billion with net debt to EBITDA at 0.76. When we switch over and look at the enterprise to sales, we see a ratio of 0.58. The receivables turnover for the company is 11.66for trailing twelve months and the total asset turnover is 0.88. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.76.
Conclusion
To put it simply, United States Steel Corp. (X) has had a bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
