In yesterday’s Wall Street session, United States Steel Corp. (NYSE:X) shares traded at $38.26, down -6.36% from the previous session.
X stock price is now -18.71% away from the 50-day moving average and 9.88% away from the 200-day moving average. The market capitalization of the company currently stands at $8.56B.
With the price target enhanced from $40 to $51, Morgan Stanley Downgraded its rating from Overweight to Equal-Weight for United States Steel Corp. (NYSE: X). , while ‘Argus’ rates the stock as ‘Hold’
In other news, BURRITT DAVID B, Pres. & CEO sold 252,458 shares of the company’s stock on Dec 18 ’23. The stock was sold for $12,626,182 at an average price of $50.01. Upon completion of the transaction, the Pres. & CEO now directly owns 581,609 shares in the company, valued at $22.25 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 18 ’23, SVP Adv. Tech. Steelmaking Brown Daniel R sold 5,000 shares of the business’s stock. A total of $248,850 was realized by selling the stock at an average price of $49.77. This leaves the insider owning 86,968 shares of the company worth $3.33 million. A total of 1.55% of the company’s stock is owned by insiders.
During the past 12 months, United States Steel Corp. has had a low of $20.40 and a high of $50.20. As of last week, the company has a debt-to-equity ratio of 0.39, a current ratio of 1.76, and a quick ratio of 1.22. According to the stock market information, the enterprise value for the company is $9.99B, which is based on a 10.98 price-to-earnings ratio, a 1.37 price-to-earnings-growth ratio, and a beta of 2.03. The fifty day moving average price for X is $46.87 and a two-hundred day moving average price translates $34.90 for the stock.
The latest earnings results from United States Steel Corp. (NYSE: X) was released for Dec, 2023. According to the Steel Company, earnings per share came in at $0.67, beating analysts’ expectations of $0.26 by 0.41. This compares to $0.85 EPS in the same period last year. The net profit margin was 4.95% and return on equity was 8.42% for X. The company reported revenue of $4.14 billion for the quarter, compared to $4.34 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -4.47 percent. For the current quarter, analysts expect X to generate $4.2B 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. The company operates through North American Flat-Rolled (Flat-Rolled), Mini Mill, U. S. Steel Europe (USSE), and Tubular Products (Tubular) segments. 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 steel products. This segment serves customers in the automotive, construction, pipe and tube, sheet converter, electrical, solar industrial equipment, 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. It also engages in the real estate business. United States Steel Corporation was founded in 1901 and is headquartered in Pittsburgh, Pennsylvania.
