Is United States Steel Corp (X) a good investment opportunity?

While United States Steel Corp has underperformed by -3.78%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, X rose by 5.76%, with highs and lows ranging from $50.20 to $26.92, whereas the simple moving average fell by -7.64% in the last 200 days.

On September 09, 2024, JP Morgan Upgraded United States Steel Corp (NYSE: X) to Overweight. A report published by Exane BNP Paribas on September 06, 2024, Upgraded its rating to ‘Outperform’ for X. BMO Capital Markets also Upgraded X shares as ‘Outperform’, setting a target price of $45 on the company’s shares in a report dated June 26, 2024. Jefferies Initiated an Buy rating on May 20, 2024, and assigned a price target of $45. Morgan Stanley May 06, 2024d its ‘Equal-Weight’ rating to ‘Overweight’ for X, as published in its report on May 06, 2024. Wolfe Research’s report from April 09, 2024 suggests a price prediction of $46 for X shares, giving the stock a ‘Outperform’ rating. Morgan Stanley also rated the stock as ‘Equal-Weight’.

Analysis of United States Steel Corp (X)

The current dividend for X investors is set at $0.20 per share, indicating investors will get a return regardless of how the company performs over the next quarter. Further, the quarter-over-quarter decrease in sales is -13.42%, showing a negative trend in the upcoming months.

There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of United States Steel Corp’s future performance, with equity being one of the most critical indicators. The goal here is to ensure that your current return on equity of 3.48% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.08, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.

As an indicator of volatility for any stock, average volume can also be very valuable, and X is recording an average volume of 6.09M. On a monthly basis, the volatility of the stock is set at 3.50%, whereas on a weekly basis, it is put at 4.55%, with a loss of -13.36% over the past seven days. Furthermore, long-term investors anticipate a median target price of $43.08, showing growth from the present price of $36.38, which can serve as yet another indication of whether X is worth investing in or should be passed over.

How Do You Analyze United States Steel Corp Shares?

United States Steel Corp (X) is based in the USA and is one of the most prominent companies operating in the Steel market. When comparing United States Steel Corp shares with other companies under Basic Materials, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 23.80, there is a growth in quarterly earnings of -59.76%.

Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 1.26%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 87.32% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.

X shares are owned by institutional investors to the tune of 87.32% at present.