In yesterday’s Wall Street session, United States Steel Corp (NYSE:X) shares traded at $36.98, down -5.83% from the previous session.
X stock price is now 4.18% away from the 50-day moving average and -0.68% away from the 200-day moving average. The market capitalization of the company currently stands at $8.33B.
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With the price target enhanced from $39 to $39, Morgan Stanley Downgraded its rating from Overweight to Equal-Weight for United States Steel Corp (NYSE: X). , while ‘JP Morgan’ rates the stock as ‘Overweight’
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. 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 $26.92 and a high of $48.12. As of last week, the company has a debt-to-equity ratio of 0.37, a current ratio of 1.55, and a quick ratio of 0.91. According to the stock market information, the enterprise value for the company is $10865494016, which is based on a 24.78 price-to-earnings ratio, a 1.71 price-to-earnings-growth ratio, and a beta of 1.88. The fifty day moving average price for X is $35.4964 and a two-hundred day moving average price translates $37.2322 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 2.46% and return on equity was 3.43% 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. For the current quarter, analysts expect X to generate $3.5B in revenue.
