United States Steel Corporation [NYSE: X] surged by $0.29 during the normal trading session on Monday and reaching a high of $9.67 during the day while it closed the day at $9.52. United States Steel Corporation stock has also loss -12.82% of its value over the past 7 days. However, X stock has inclined by 78.95% in the 3 months of the year. Over the past six months meanwhile, it has lost -33.10% and lost -16.56% year-on date.
The market cap for X stock reached $1.46 billion, with 170.22 million shares outstanding and 167.87 million shares in the current float. Compared to the average trading volume of 15.70M shares, X reached a trading volume of 12385707 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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Here’s what leading stock market gurus have to say about United States Steel Corporation [X]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for X shares is $6.46 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on X stock is a recommendation set at 3.30. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Cowen have made an estimate for United States Steel Corporation shares, keeping their opinion on the stock as Market Perform, with their previous recommendation back on January 30, 2020. While these analysts kept the previous recommendation, Goldman raised their target price to Sell. The new note on the price target was released on January 14, 2020, representing the official price target for United States Steel Corporation stock.
The Average True Range (ATR) for United States Steel Corporation is set at 0.69, with the Price to Sales ratio for X stock in the period of the last 12 months amounting to 0.12. The Price to Book ratio for the last quarter was 0.44.
X stock trade performance evaluation
United States Steel Corporation [X] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -12.82. With this latest performance, X shares gained by 31.49% in over the last four-week period, additionally sinking by -33.10% over the last 6 months – not to mention a drop of -30.91% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for X stock in for the last two-week period is set at 57.33, with the RSI for the last a single of trading hit 55.55, and the three-weeks RSI is set at 56.92 for United States Steel Corporation [X]. The present Moving Average for the last 50 days of trading for this stock 7.80, while it was recorded at 9.50 for the last single week of trading, and 9.88 for the last 200 days.
United States Steel Corporation [X]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and United States Steel Corporation [X] shares currently have an operating margin of -0.22 and a Gross Margin at +2.01. United States Steel Corporation’s Net Margin is presently recorded at -4.87.
Return on Total Capital for X is now -0.40, given the latest momentum, and Return on Invested Capital for the company is -8.74. Return on Equity for this stock declined to -15.19, with Return on Assets sitting at -5.58. When it comes to the capital structure of this company, United States Steel Corporation [X] has a Total Debt to Total Equity ratio set at 94.77. Additionally, X Total Debt to Total Capital is recorded at 48.66, with Total Debt to Total Assets ending up at 33.41. Long-Term Debt to Equity for the company is recorded at 92.96, with the Long-Term Debt to Total Capital now at 47.73.
Reflecting on the efficiency of the workforce at the company, United States Steel Corporation [X] managed to generate an average of -$22,909 per employee. Receivables Turnover for the company is 9.12 with a Total Asset Turnover recorded at a value of 1.15.United States Steel Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.90 and a Current Ratio set at 1.70.
Earnings per share (EPS) analysis for United States Steel Corporation [X] stock
With the latest financial reports released by the company, United States Steel Corporation posted 0.45/share EPS, while the average EPS was predicted by analysts to be reported at 0.39/share.When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 15.40%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for X. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for United States Steel Corporation go to 8.00%.
United States Steel Corporation [X]: Insider Ownership positions
There are presently around $994 million, or 63.20% of X stock, in the hands of institutional investors. The top three institutional holders of X stocks are: VANGUARD GROUP INC with ownership of 16,210,747, which is approximately 2.825% of the company’s market cap and around 1.40% of the total institutional ownership; BLACKROCK INC., holding 14,724,611 shares of the stock with an approximate value of $135.91 million in X stocks shares; and DIMENSIONAL FUND ADVISORS LP, currently with $96.53 million in X stock with ownership of nearly -1.028% of the company’s market capitalization.
Positions in United States Steel Corporation stocks held by institutional investors increased at the end of April and at the time of the April reporting period, where 147 institutional holders increased their position in United States Steel Corporation [NYSE:X] by around 21,373,489 shares. Additionally, 187 investors decreased positions by around 34,199,587 shares, while 55 investors held positions by with 52,079,497 shares. The mentioned changes placed institutional holdings at 107,652,573 shares, according to the latest SEC report filing. X stock had 62 new institutional investments in for a total of 7,758,034 shares, while 76 institutional investors sold positions of 11,205,952 shares during the same period.