United States Steel Corp. (NYSE: X) has seen a decline in its stock price by -1.23 in relation to its previous close of 37.42. However, the company has experienced a -4.84% decline in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-29 that Get a deeper insight into the potential performance of U.S. Steel (X) for the quarter ended March 2024 by going beyond Wall Street’s top -and-bottom-line estimates and examining the estimates for some of its key metrics.
Is It Worth Investing in United States Steel Corp. (NYSE: X) Right Now?
The price-to-earnings ratio for United States Steel Corp. (NYSE: X) is above average at 10.61x. The 36-month beta value for X is also noteworthy at 2.06. There are mixed opinions on the stock, with 5 analysts rating it as a “buy,” 3 rating it as “overweight,” 5 rating it as “hold,” and 1 rating it as “sell.”
The public float for X is 221.34M, and at present, short sellers hold a 8.67% of that float. The average trading volume of X on April 30, 2024 was 4.57M shares.
X’s Market Performance
X stock saw a decrease of -4.84% in the past week, with a monthly decline of -9.37% and a quarterly a decrease of -23.40%. The volatility ratio for the week is 3.38%, and the volatility levels for the last 30 days are 2.95% for United States Steel Corp. (X). The simple moving average for the last 20 days is -7.81% for X stock, with a simple moving average of -1.18% for the last 200 days.
Analysts’ Opinion of X
Many brokerage firms have already submitted their reports for X stocks, with Wolfe Research repeating the rating for X by listing it as a “Outperform.” The predicted price for X in the upcoming period, according to Wolfe Research is $46 based on the research report published on April 09, 2024 of the current year 2024.
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 -13.12% 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 -26.37% of loss for the given period.
Volatility was left at 2.95%, however, over the last 30 days, the volatility rate increased by 3.38%, as shares sank -11.64% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -19.27% lower at present.
During the last 5 trading sessions, X fell by -4.84%, which changed the moving average for the period of 200-days by +47.72% in comparison to the 20-day moving average, which settled at $39.85. In addition, United States Steel Corp. saw -24.03% 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 0.54. 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
In summary, United States Steel Corp. (X) has had a bad performance as of late. Analysts have mixed opinions on the stock, with some viewing 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.
