United States Steel Corp [NYSE: X] stock went on a downward path that fall over -6.53% on Friday, amounting to a one-week price decrease of less than -1.71%.
Over the last 12 months, X stock dropped by -36.32%. The one-year United States Steel Corp stock forecast points to a potential upside of 25.59. The average equity rating for X stock is currently 1.73, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $6.41 billion, with 225.17 million shares outstanding and 222.34 million shares in the current float. Compared to the average trading volume of 4.96M shares, X stock reached a trading volume of 31235039 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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 $40.95 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 1.73. 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 1.96, with the Price to Sales ratio for X stock in the period of the last 12 months amounting to 0.39. The Price to Book ratio for the last quarter was 0.59, with the Price to Cash per share for the same quarter was set at 8.47.
X Stock Performance Analysis:
United States Steel Corp [X] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.71. With this latest performance, X shares dropped by -19.11% in over the last four-week period, additionally sinking by -21.27% over the last 6 months – not to mention a drop of -36.32% 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 38.03, with the RSI for the last a single of trading hit 37.58, and the three-weeks RSI is set at 39.19 for United States Steel Corp [X]. The present Moving Average for the last 50 days of trading for this stock 36.84, while it was recorded at 31.85 for the last single week of trading, and 37.74 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 1.08 and a Current Ratio set at 1.67.
X Stock EPS
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 $88.56%, or 89.91%% 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%.
