The stock of United States Steel Corp. (X) has gone up by 4.85% for the week, with a 1.65% rise in the past month and a -3.07% drop in the past quarter. The volatility ratio for the week is 1.83%, and the volatility levels for the past 30 days are 2.91% for X. The simple moving average for the past 20 days is 1.67% for X’s stock, with a -8.40% 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 price-to-earnings ratio of 16.49x that is above its average ratio. Additionally, the 36-month beta value for X is 1.87. 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.”
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The public float for X is 222.13M and currently, short sellers hold a 7.18% ratio of that float. The average trading volume of X on October 16, 2024 was 5.62M shares.
X) stock’s latest price update
United States Steel Corp. (NYSE: X)’s stock price has increased by 1.51 compared to its previous closing price of 36.42. However, the company has seen a 4.85% increase in its stock price over the last five trading sessions. barrons.com reported 2024-10-15 that Former President Trump still opposes Nippon Steel’s potential buy of United States Steel, but he says he might not be able to block it.
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 “Overweight.” The predicted price for X in the upcoming period, according to JP Morgan is $42 based on the research report published on September 09, 2024 of the current year 2024.
Exane BNP Paribas, on the other hand, stated in their research note that they expect to see X reach a price target of $40. The rating they have provided for X stocks is “Outperform” according to the report published on September 06th, 2024.
BMO Capital Markets gave a rating of “Outperform” to X, setting the target price at $45 in the report published on June 26th of the current year.
X Trading at 0.01% 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 -26.35% of loss for the given period.
Volatility was left at 2.91%, however, over the last 30 days, the volatility rate increased by 1.83%, as shares surge +2.04% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -4.74% lower at present.
During the last 5 trading sessions, X rose by +4.85%, which changed the moving average for the period of 200-days by -24.02% in comparison to the 20-day moving average, which settled at $36.36. In addition, United States Steel Corp. saw -24.01% 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 Jaycox Kenneth E, who proposed sale 3,500 shares at the price of $37.50 back on Sep 18 ’24. After this action, Jaycox Kenneth E now owns shares of United States Steel Corp., valued at $131,250 using the latest closing price.
BURRITT DAVID B, the Pres. & CEO of United States Steel Corp., sale 252,458 shares at $50.01 during a trade that took place back on Dec 18 ’23, which means that BURRITT DAVID B is holding 581,609 shares at $12,626,182 based on the most recent closing price.
Stock Fundamentals for X
Current profitability levels for the company are sitting at:
- 0.03 for the present operating margin
- 0.09 for the gross margin
The net margin for United States Steel Corp. stands at 0.03. The total capital return value is set at 0.03. Equity return is now at value 5.18, with 2.81 for asset returns.
Based on United States Steel Corp. (X), the company’s capital structure generated 0.27 points at debt to capital in total, while cash flow to debt ratio is standing at 0.39. The debt to equity ratio resting at 0.38. The interest coverage ratio of the stock is 14.97.
Currently, EBITDA for the company is 2.04 billion with net debt to EBITDA at 1.57. When we switch over and look at the enterprise to sales, we see a ratio of 0.63. The receivables turnover for the company is 10.06for trailing twelve months and the total asset turnover is 0.83. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.72.
Conclusion
In conclusion, United States Steel Corp. (X) has seen mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it 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.
