At the time of writing, United States Steel Corp. [X] stock is trading at $42.61, up 1.62%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The X shares have gain 1.74% over the last week, with a monthly amount drifted -9.53%, and not seem to be holding up well over a long-time horizon.
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On 3, April 2024, U. S. Steel and CarbonFree Sign Definitive Agreement to Capture Carbon Dioxide Emissions at One of the Largest North American Integrated Steel Mills. In a post published today on Yahoo Finance, The agreement sets in motion a project to capture emissions from U. S. Steel’s blast furnaces.
From an analyst’s perspective:
United States Steel Corp. [NYSE: X] stock has seen the most recent analyst activity on April 09, 2024, when Wolfe Research upgraded its rating to a Outperform but kept the price target unchanged to $46 for it. Previously, Morgan Stanley downgraded its rating to Equal-Weight on February 15, 2024, and elevated its price target to $51. Argus downgraded its rating to a Hold. Morgan Stanley upgraded its rating to Overweight for this stock on October 02, 2023, and upped its price target to $40. In a note dated July 14, 2023, JP Morgan reiterated an Neutral rating on this stock and revised its target price from $24 to $23.
For the past year, the stock price of United States Steel Corp. fluctuated between $20.40 and $50.20. 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 $42.61 at the most recent close of the market. An investor can expect a potential drop of -28.23% based on the average X price forecast.
Analyzing the X fundamentals
According to United States Steel Corp. [NYSE:X], the company’s sales were 18.07B for trailing twelve months, which represents an -4.18% plunge. 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 41.88 points at the first support level, and at 41.15 for the second support level. However, for the 1st resistance point, the stock is sitting at 43.00, and for the 2nd resistance point, it is at 43.38.
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
It is important to note that United States Steel Corp. [NYSE:X] has a current ratio of 1.76. In addition, the Quick Ratio stands at 1.22 and the Cash Ratio stands at 0.75. Considering the valuation of this stock, the price to sales ratio is 0.53, the price to book ratio is 0.86 and price to earnings (TTM) ratio is 12.23.
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.
