More To Go Or Is It Over? – United States Steel Corp. (X)

United States Steel Corp. (NYSE:X) does about 4.09M shares in volume on a normal day but saw 1615328 shares change hands in Tuesday’s trading. The company now has a market cap of 8.54B USD. Its current market price is $38.00, marking an increase of 0.08% compared to the previous close of $37.97. The 52 week high reached by this stock is $50.20 whilst the lowest price level in 52 weeks is $20.40.

United States Steel Corp. (X) has a 20-day trading average at $37.77 and the current price is -24.30% off the 52-week high compared with 86.27% distance from its 52-week low. The 50-day simple moving average of the closing price is $40.30 and its 200-day simple moving average is $38.16. If we look at the stock’s price movements over the week, volatility stands at 1.78%, which increases to 2.57% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 43.86 to suggest the stock is neutral.

The consensus objective for the share price is $44.61, suggesting that the stock has a potential upside of 14.82% over the period.

The company shares received a number of brokerage firm price updates over the past month, with the latest being on May 06, 2024 when Morgan Stanley upgraded the stock to “Overweight” and issued a price target of between $51 and $48. Wolfe Research also upgraded the stock to “Outperform” from Peer Perform on April 09, 2024 at a price target of $46. Morgan Stanley downgraded its price target at $40-$51.

United States Steel Corp. (X) stock is down -0.34% over the week and -6.91% over the past month. Its price is -21.89% year-to-date and 79.84% over the past year.

To reach the target analysts have set, the stock logically needs to grow 14.82 percent from here.

The company has a return on investment of 5.65% and return on equity of 8.06%. The price to earnings ratio (P/E ratio) amounts to 11.19 while the forward price to earnings ratio is 12.21. The beta has a value of 2.00. Price to book ratio is 0.76 and price to sales ratio is 0.48.