The stock of United States Steel Corp. (NYSE:X) last traded at $35.91, down -3.86% from the previous session.
X stock price is now -10.04% away from the 50-day moving average and -6.20% away from the 200-day moving average. The market capitalization of the company currently stands at $8.07B.
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With the price target reduced from $51 to $48, Morgan Stanley Upgraded its rating from Equal-Weight to Overweight for United States Steel Corp. (NYSE: X). On April 09, 2024, Wolfe Research Upgraded its previous ‘Peer Perform’ rating to ‘Outperform’ on the stock keeping its target price maintained at $46, while ‘Morgan Stanley’ rates the stock as ‘Equal-Weight’
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 $20.89 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 $3.12 million. A total of 1.57% 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 1.71, and a quick ratio of 1.14.
The net profit margin was 4.87% and return on equity was 8.06% for X. The company reported revenue of $4.16 billion for the quarter, compared to $4.47 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -6.94 percent.
