The price of United States Steel Corp. (NYSE:X) shares last traded on Wall Street fell -17.47% to $29.38.
X stock price is now -24.78% away from the 50-day moving average and -28.25% away from the 200-day moving average. The market capitalization of the company currently stands at $6.61B.
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With the price target enhanced from $43 to $45, BMO Capital Markets Upgraded its rating from Market Perform to Outperform for United States Steel Corp. (NYSE: X). On May 20, 2024, Jefferies recently initiated its ‘Buy’ rating on the stock quoting a target price of $45, while ‘Morgan Stanley’ rates the stock as ‘Overweight’
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 $17.09 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 $2.56 million. A total of 1.26% of the company’s stock is owned by insiders.
During the past 12 months, United States Steel Corp. has had a low of $30.02 and a high of $50.20. As of last week, the company has a debt-to-equity ratio of 0.38, a current ratio of 1.72, and a quick ratio of 1.14. According to the stock market information, the enterprise value for the company is $10408643584, which is based on a 13.10 price-to-earnings ratio, a 1.64 price-to-earnings-growth ratio, and a beta of 1.88. The fifty day moving average price for X is $39.0592 and a two-hundred day moving average price translates $40.94675 for the stock.
The latest earnings results from United States Steel Corp. (NYSE: X) was released for 2024-06-30. The net profit margin was 3.39% and return on equity was 5.18% for X. The company reported revenue of $4.12 billion for the quarter, compared to $5.01 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -17.77 percent. For the current quarter, analysts expect X to generate $3.8B in revenue.
