United States Steel Corp. [X] stock prices are down -1.23% to $40.82 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The X shares have gain 0.67% over the last week, with a monthly amount glided 6.69%, and seem to be holding up well over a long-time horizon.
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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.
The stock price of United States Steel Corp. [X] has been fluctuating 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 $40.82 at the most recent close of the market. An investor can expect a potential drop of -25.09% based on the average X price forecast.
Analyzing the X fundamentals
The United States Steel Corp. [NYSE:X] reported sales of 18.07B for trailing twelve months, representing 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.39.
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 40.36 points at the first support level, and at 39.89 for the second support level. However, for the 1st resistance point, the stock is sitting at 41.57, and for the 2nd resistance point, it is at 42.32.
Ratios To Look Out For
It’s worth pointing out that United States Steel Corp. [NYSE:X]’s Current Ratio is 1.76. Further, the Quick Ratio stands at 1.22, while the Cash Ratio is 0.75. Considering the valuation of this stock, the price to sales ratio is 0.51, the price to book ratio is 0.83 and price to earnings (TTM) ratio is 11.71.
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.
