A share price of United States Steel Corp [X] is currently trading at $34.24, up 4.45%. 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 5.03% over the last week, with a monthly amount drifted -12.30%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Previously, JP Morgan upgraded its rating to Overweight on September 09, 2024, and elevated its price target to $42. On September 06, 2024, upgrade upgraded it’s rating to Outperform but maintained its price target of $40 on the stock. BMO Capital Markets upgraded its rating to a Outperform and increased its price target to $45 on June 26, 2024. Jefferies initiated its recommendation with a Buy and recommended $45 as its price target on May 20, 2024. Morgan Stanley upgraded its rating to Overweight for this stock on May 06, 2024, and downed its price target to $48. In a note dated April 09, 2024, Wolfe Research upgraded an Outperform rating on this stock but restated the target price of $46.
United States Steel Corp experienced fluctuations in its stock price throughout the past year between $26.92 and $48.85. Currently, Wall Street analysts expect the stock to reach $39.52 within the next 12 months. United States Steel Corp [NYSE: X] shares were valued at $34.24 at the most recent close of the market. An investor can expect a potential return of 15.42% based on the average X price forecast.
Analyzing the X fundamentals
Trailing Twelve Months sales for United States Steel Corp [NYSE:X] were 16.29B which represents -13.42% decline. 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 33.18 points at the first support level, and at 32.11 for the second support level. However, for the 1st resistance point, the stock is sitting at 34.87, and for the 2nd resistance point, it is at 35.50.
Ratios To Look Out For
To put it in perspective, the Current Ratio for United States Steel Corp [NYSE:X] is 1.67. Further, the Quick Ratio stands at 1.08, while the Cash Ratio is 0.51. Considering the valuation of this stock, the price to sales ratio is 0.47, the price to book ratio is 0.67 and price to earnings (TTM) ratio is 22.40.
Transactions by insiders
Recent insider trading involved Jaycox Kenneth E, Former Director, that happened on Sep 18 ’24 when 3500.0 shares were purchased.
