Is United States Steel Corp. [X] a good investment? Don’t be fooled by its recent momentum

The price of United States Steel Corp. (NYSE:X) shares last traded on Wall Street fell -0.12% to $34.14.

Based on available information, 10 analysts follow United States Steel Corp. (NYSE:X). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $40.00 and a low of $25.00, we find $32.50. Given the previous closing price of $34.18, this indicates a potential downside of -4.92 percent. X stock price is now 5.85% away from the 50-day moving average and 25.38% away from the 200-day moving average. The market capitalization of the company currently stands at $7.61B.

Among analysts, 7 rate the stock a hold while 1 rate it a buy. Brokers who have rated the stock have averaged $32.00 as their price target over the next twelve months.

In other news, Brown Daniel R, SVP Adv. Tech. Steelmaking sold 4,860 shares of the company’s stock on Oct 02. The stock was sold for $160,380 at an average price of $33.00. Upon completion of the transaction, the SVP Adv. Tech. Steelmaking now directly owns 96,968 shares in the company, valued at $3.31 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 05, SVP & Chief Mfg Officer – NAFR Buckiso Scott D sold 8,970 shares of the business’s stock. A total of $279,460 was realized by selling the stock at an average price of $31.16. This leaves the insider owning 106,854 shares of the company worth $3.65 million. Insiders disposed of 590,816 shares of company stock worth roughly $20.17 million over the past 1 year. A total of 1.35% of the company’s stock is owned by insiders.

A candlestick chart of United States Steel Corp. (NYSE: X) showed a price of $34.15 on Wednesday morning. During the past 12 months, United States Steel Corp. has had a low of $20.40 and a high of $34.55. As of last week, the company has a debt-to-equity ratio of 0.40, a current ratio of 1.95, and a quick ratio of 1.34. According to the stock market information, the enterprise value for the company is $8.83B, which is based on a 7.50 price-to-earnings ratio, a 0.94 price-to-earnings-growth ratio, and a beta of 2.08. The fifty day moving average price for X is $32.25 and a two-hundred day moving average price translates $27.23 for the stock.

The latest earnings results from United States Steel Corp. (NYSE: X) was released for Sep, 2023. According to the Steel Company, earnings per share came in at $1.92, beating analysts’ expectations of $1.8 by 0.12. This compares to $1.84 EPS in the same period last year. The net profit margin was 6.30% and return on equity was 10.72% for X. The company reported revenue of $4.43 billion for the quarter, compared to $5.2 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -14.84 percent. For the current quarter, analysts expect X to generate $4.39B in revenue.

United States Steel Corp.(X) Company Profile

United States Steel Corporation produces and sells flat-rolled and tubular steel products primarily in North America and Europe. It operates through four segments: North American Flat-Rolled (Flat-Rolled), Mini Mill, U. S. Steel Europe (USSE), and Tubular Products (Tubular). The Flat-Rolled segment offers slabs, strip mill plates, sheets, and tin mill products, as well as iron ore and coke. This segment serves customers in the service center, conversion, transportation, automotive, construction, container, appliance, and electrical markets. The Mini Mill segment provides hot-rolled, cold-rolled, and coated sheets and electrical products. This segment serves customers in the automotive, appliance, construction, container, transportation, and service center markets. The USSE segment provides slabs, strip mill plates, sheets, tin mill products, and spiral welded pipes. This segment serves customers in the construction, container, appliance and electrical, service center, conversion, oil, gas, and petrochemical markets. The Tubular segment offers seamless and electric resistance welded steel casing and tubing products, as well as standard and line pipe and mechanical tubing products primarily to customers in the oil, gas, and petrochemical markets. The company also engages in the real estate business. United States Steel Corporation was founded in 1901 and is headquartered in Pittsburgh, Pennsylvania.

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