United States Steel Corporation [NYSE: X] gained 6.61% or 0.47 points to close at $7.58 with a heavy trading volume of 11798500 shares.
It opened the trading session at $7.35, the shares rose to $7.67 and dropped to $7.25, the range by which the price of stock traded the whole day. The daily chart for X points out that the company has recorded 30.24% gains over the past six months. However, it is still -66.96% lower than its most recent low trading price.
If we look at the average trading volume of 11.05M shares, X reached to a volume of 11798500 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying 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 $5.72 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 3.40. 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 August 04, 2020. While these analysts kept the previous recommendation, Cowen dropped their target price from $11 to $10. The new note on the price target was released on January 30, 2020, representing the official price target for United States Steel Corporation stock. Previously, the target price had yet another raise to $9, while Goldman analysts kept a Sell rating on X stock.
The Average True Range (ATR) for United States Steel Corporation is set at 0.47, with the Price to Sales ratio for X stock in the period of the last 12 months amounting to 0.15. The Price to Book ratio for the last quarter was 0.37.
Trading performance analysis for X stock
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 -4.77. With this latest performance, X shares dropped by -1.56% in over the last four-week period, additionally plugging by 30.24% over the last 6 months – not to mention a drop of -33.10% 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 49.90, with the RSI for the last a single of trading hit 49.88, and the three-weeks RSI is set at 49.33 for United States Steel Corporation [X]. The present Moving Average for the last 50 days of trading for this stock 7.65, while it was recorded at 7.28 for the last single week of trading, and 8.22 for the last 200 days.
United States Steel Corporation [X]: A deeper dive into fundamental analysis
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 1.50 and a Current Ratio set at 2.30.
United States Steel Corporation [X]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, United States Steel Corporation posted -0.21/share EPS, while the average EPS was predicted by analysts to be reported at -0.29/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 27.60%. 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%.
An analysis of insider ownership at United States Steel Corporation [X]
There are presently around $1,008 million, or 60.70% of X stock, in the hands of institutional investors. The top three institutional holders of X stocks are: BLACKROCK INC. with ownership of 24,609,244, which is approximately 67.13% of the company’s market cap and around 0.50% of the total institutional ownership; VANGUARD GROUP INC, holding 20,874,015 shares of the stock with an approximate value of $158.22 million in X stocks shares; and DIMENSIONAL FUND ADVISORS LP, currently with $77.78 million in X stock with ownership of nearly -1.884% of the company’s market capitalization.
Positions in United States Steel Corporation stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 166 institutional holders increased their position in United States Steel Corporation [NYSE:X] by around 45,793,766 shares. Additionally, 143 investors decreased positions by around 20,653,700 shares, while 60 investors held positions by with 66,536,398 shares. The mentioned changes placed institutional holdings at 132,983,864 shares, according to the latest SEC report filing. X stock had 56 new institutional investments in for a total of 4,269,447 shares, while 57 institutional investors sold positions of 6,059,849 shares during the same period.