At the time of writing, United States Steel Corp [X] stock is trading at $38.38, down -1.31%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The X shares have gain 1.51% over the last week, with a monthly amount drifted -1.39%, and not 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 September 09, 2024, when JP Morgan upgraded its rating to a Overweight and also boosted its price target to $42 from $40. Previously, Exane BNP Paribas upgraded its rating to Outperform on September 06, 2024, and kept the price target unchanged to $40. On June 26, 2024, upgrade upgraded it’s rating to Outperform and revised its price target to $45 on the stock. Jefferies started tracking the stock assigning a Buy rating and suggested a price target of $45 on May 20, 2024. Morgan Stanley upgraded its rating to a Overweight and reduced its price target to $48 on May 06, 2024. Wolfe Research upgraded its rating to Outperform for this stock on April 09, 2024, but kept the price target unchanged to $46. In a note dated February 15, 2024, Morgan Stanley downgraded an Equal-Weight rating on this stock and boosted its target price from $40 to $51.
For the past year, the stock price of United States Steel Corp fluctuated between $26.92 and $50.20. Currently, Wall Street analysts expect the stock to reach $36.07 within the next 12 months. United States Steel Corp [NYSE: X] shares were valued at $38.38 at the most recent close of the market. An investor can expect a potential drop of -6.02% based on the average X price forecast.
Analyzing the X fundamentals
According to United States Steel Corp [NYSE:X], the company’s sales were 16.29B for trailing twelve months, which represents an -13.42% plunge. Gross Profit Margin for this corporation currently stands at 0.08% with Operating Profit Margin at 0.01%, Pretax Profit Margin comes in at 0.02%, and Net Profit Margin reading is 0.02%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.03 and Total Capital is 0.01. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.37.
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 36.90 points at the first support level, and at 35.41 for the second support level. However, for the 1st resistance point, the stock is sitting at 41.01, and for the 2nd resistance point, it is at 43.63.
Ratios To Look Out For
It is important to note that United States Steel Corp [NYSE:X] has a current ratio of 1.67. Also, the Quick Ratio is 1.08, while the Cash Ratio stands at 0.51. Considering the valuation of this stock, the price to sales ratio is 0.53, the price to book ratio is 0.75 and price to earnings (TTM) ratio is 25.10.
Transactions by insiders
Recent insider trading involved Jaycox Kenneth E, Former Director, that happened on Sep 18 ’24 when 3500.0 shares were purchased. Pres. & CEO, BURRITT DAVID B completed a deal on Dec 18 ’23 to sell 0.25 million shares. Meanwhile, SVP Adv. Tech. Steelmaking Brown Daniel R sold 5000.0 shares on Dec 18 ’23.
