United States Steel Corp. [NYSE: X] price surged by 2.68 percent to reach at $1.03.
The one-year X stock forecast points to a potential upside of 6.23. The average equity rating for X stock is currently 1.64, trading closer to a bullish pattern in the stock market.
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Guru’s Opinion on United States Steel Corp. [X]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for X shares is $42.08 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 1.64. 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.
JP Morgan have made an estimate for United States Steel Corp. shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on September 09, 2024. The new note on the price target was released on September 06, 2024, representing the official price target for United States Steel Corp. stock. Previously, the target price had yet another raise from $43 to $45, while BMO Capital Markets kept a Outperform rating on X stock.
The Average True Range (ATR) for United States Steel Corp. is set at 1.17, with the Price to Sales ratio for X stock in the period of the last 12 months amounting to 0.53. The Price to Book ratio for the last quarter was 0.78, with the Price to Cash per share for the same quarter was set at 9.07.
X Stock Performance Analysis:
United States Steel Corp. [X] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.39. With this latest performance, X shares gained by 11.69% in over the last four-week period, additionally plugging by 8.11% over the last 6 months – not to mention a rise of 17.48% 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 62.65, with the RSI for the last a single of trading hit 67.36, and the three-weeks RSI is set at 58.65 for United States Steel Corp. [X]. The present Moving Average for the last 50 days of trading for this stock 36.47, while it was recorded at 39.14 for the last single week of trading, and 39.89 for the last 200 days.
Insight into United States Steel Corp. Fundamentals:
United States Steel Corp.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.14 and a Current Ratio set at 1.72.
X Stock EPS
With the latest financial reports released by the company, United States Steel Corp. posted 1.4/share EPS, while the average EPS was predicted by analysts to be reported at 1.1/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.3. 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 Corp. go to 8.00%.
United States Steel Corp. [X] Institutonal Ownership Details
There are presently around $89.88%, or 91.25%% of X stock, in the hands of institutional investors. The top three institutional holders of X stocks are: BLACKROCK INC. with ownership of 23.41 million shares, which is approximately 10.4483%. VANGUARD GROUP INC, holding 20.44 million shares of the stock with an approximate value of $$772.59 million in X stocks shares; and VANGUARD GROUP INC, currently with $$763.94 million in X stock with ownership which is approximately 9.0183%.
