United States Steel Corp. [X] stock is trading at $40.69, up 1.09%. An important factor to consider is whether the stock is rising or falling in short-term value. The X shares have gain 2.36% over the last week, with a monthly amount drifted -14.61%, and not seem to be holding up well over a long-time horizon.
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On 26, March 2024, U. S. Steel Consent Decree for Clairton Plant Incidents Authorized by Environmental Protection Agency and Department of Justice. In a post published today on Yahoo Finance, The Consent Decree between U. S. Steel’s Mon Valley Works – Clairton Plant, Allegheny County Health Department, Clean Air Council, and PennEnvironment includes local community support and facility upgrades.
From an analyst’s perspective:
United States Steel Corp. [NYSE: X] stock has seen the most recent analyst activity on February 15, 2024, when Morgan Stanley downgraded its rating to a Equal-Weight and also boosted its price target to $51 from $40. Argus downgraded its rating to a Hold. Morgan Stanley upgraded its rating to a Overweight and raised its price target to $40 on October 02, 2023. JP Morgan reiterated a Neutral rating for this stock on July 14, 2023, and downed its price target to $23. In a note dated July 05, 2023, Exane BNP Paribas downgraded an Neutral rating on this stock but restated the target price of $26.
United States Steel Corp. [X] stock has fluctuated between $20.40 and $50.20 over the past year. Currently, Wall Street analysts expect the stock to reach $30.58 within the next 12 months. United States Steel Corp. [NYSE: X] shares were valued at $40.69 at the most recent close of the market. An investor can expect a potential drop of -24.85% based on the average X price forecast.
Analyzing the X fundamentals
United States Steel Corp. [NYSE:X] reported sales of 18.07B for the trailing twelve months, which represents a drop of -4.18%. Gross Profit Margin for this corporation currently stands at 0.12% with Operating Profit Margin at 0.05%, Pretax Profit Margin comes in at 0.06%, and Net Profit Margin reading is 0.05%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.08 and Total Capital is 0.05. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.39.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 40.28 points at the first support level, and at 39.87 for the second support level. However, for the 1st resistance point, the stock is sitting at 40.99, and for the 2nd resistance point, it is at 41.29.
United States Steel Corp. [X] reported earnings per share of $0.67 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.26/share, meaning a difference of $0.41 and a surprise factor of 157.70%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $1.4 per share as compared to estimates of $1.15 per share, a difference of $0.25 representing a surprise of 21.70%.
Ratios To Look Out For
For context, United States Steel Corp.’s Current Ratio is 1.76. On the other hand, the Quick Ratio is 1.22, and the Cash Ratio is 0.75. Considering the valuation of this stock, the price to sales ratio is 0.50, the price to book ratio is 0.82 and price to earnings (TTM) ratio is 11.68.
Transactions by insiders
Recent insider trading involved BURRITT DAVID B, Pres. & CEO, that happened on Dec 18 ’23 when 0.25 million shares were sold. SVP Adv. Tech. Steelmaking, Brown Daniel R completed a deal on Dec 18 ’23 to sell 5000.0 shares. Meanwhile, SVP Adv. Tech. Steelmaking Brown Daniel R sold 5000.0 shares on Nov 24 ’23.
