United States Steel Corporation (NYSE: X) is -17.35% lower on its value in year-to-date trading and has touched a low of $16.41 and a high of $39.25 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The X stock was last observed hovering at around $19.85 in the last trading session, with the day’s loss setting it -0.17% off its average median price target of $22.75 for the next 12 months. It is also 46.81% off the consensus price target high of $37.00 offered by 11 analysts, but current levels are 1.6% higher than the price target low of $20.00 for the same period.
Currently trading at $19.68, the stock is -13.09% and -11.78% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 10.39 million and changing -0.86% at the moment leaves the stock -22.04% off its SMA200. X registered -8.42% loss for a year compared to 6-month loss of -45.14%.
The stock witnessed a -15.39% gain in the last 1 month and extending the period to 3 months gives it a 3.52%, and is -3.05% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.07% over the week and 5.56% over the month.
United States Steel Corporation (X) has around 24540 employees, a market worth around $4.71B and $23.11B in sales. Current P/E ratio is 1.15 and Fwd P/E is 7.27. Profit margin for the company is 21.30%. Distance from 52-week low is 19.93% and -49.86% from its 52-week high. The company has generated returns on investments over the last 12 months (34.80%).
United States Steel Corporation (X) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for United States Steel Corporation (X) is a “Hold”. 11 analysts offering their recommendations for the stock have an average rating of 2.80, where 4 rate it as a Hold and 1 think it is a “Overweight”. 3 of the analysts rate the stock as a “Buy”. 3 analysts have rated the stock as a Sell or Underperform.
United States Steel Corporation is expected to release its quarterly report on 10/27/2022.The EPS is expected to grow by 351.30% this year
United States Steel Corporation (X) Top Institutional Holders
The shares outstanding are 257.27M, and float is at 234.52M with Short Float at 13.80%.
United States Steel Corporation (X) Insider Activity
A total of 28 insider transactions have happened at United States Steel Corporation (X) in the last six months, with sales accounting for 11 and purchases happening 17 times. The most recent transaction is an insider sale by Grewal Manpreet, the company’s VP, Controller & CAO. SEC filings show that Grewal Manpreet sold 3,505 shares of the company’s common stock on Apr 29 at a price of $33.00 per share for a total of $0.12 million. Following the sale, the insider now owns 23913.0 shares.
United States Steel Corporation disclosed in a document filed with the SEC on Apr 14 that Breves Christine S (SVP & CFO) sold a total of 2,217 shares of the company’s common stock. The trade occurred on Apr 14 and was made at $38.00 per share for $84246.0. Following the transaction, the insider now directly holds 0.22 million shares of the X stock.
Still, SEC filings show that on Apr 06, Breves Christine S (SVP & CFO) disposed off 22,387 shares at an average price of $36.90 for $0.83 million. The insider now directly holds 215,875 shares of United States Steel Corporation (X).
United States Steel Corporation (X): Who are the competitors?
The company’s main competitors (and peers) include Nucor Corporation (NUE) that is trading 12.01% up over the past 12 months.