Stocks of United States Steel Corp (NYSE:X) traded higher last session on Wall Street, down -2.23% to $33.26.
X stock price is now -12.91% away from the 50-day moving average and -13.75% away from the 200-day moving average. The market capitalization of the company currently stands at $7.32B.
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With the price target enhanced from $40 to $42, JP Morgan Upgraded its rating from Neutral to Overweight for United States Steel Corp (NYSE: X). On September 06, 2024, Exane BNP Paribas Upgraded its previous ‘Neutral’ rating to ‘Outperform’ on the stock keeping its target price maintained at $40, while ‘BMO Capital Markets’ rates the stock as ‘Outperform’
In other news, Jaycox Kenneth E, Former Director bought 3,500 shares of the company’s stock on Sep 18 ’24. The stock was bought for $131,250 at an average price of $37.50. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 18 ’23, Pres. & CEO BURRITT DAVID B sold 252,458 shares of the business’s stock. A total of $12,626,182 was realized by selling the stock at an average price of $50.01. This leaves the insider owning 581,609 shares of the company worth $19.34 million. A total of 1.25% of the company’s stock is owned by insiders.
During the past 12 months, United States Steel Corp has had a low of $26.92 and a high of $50.20. As of last week, the company has a debt-to-equity ratio of 0.37, a current ratio of 1.67, and a quick ratio of 1.08. According to the stock market information, the enterprise value for the company is $10129185792, which is based on a 21.76 price-to-earnings ratio, a 2.72 price-to-earnings-growth ratio, and a beta of 1.86. The fifty day moving average price for X is $38.1914 and a two-hundred day moving average price translates $38.5615 for the stock.
The latest earnings results from United States Steel Corp (NYSE: X) was released for 2024-09-30. The net profit margin was 2.41% and return on equity was 3.48% for X. The company reported revenue of $3.85 billion for the quarter, compared to $4.43 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -13.04 percent.
