Shares of United States Steel Corporation (NYSE:X) recorded 0.24% gain during trading session on January 11th, 2019. The script traded as low as $20.51 and last traded at $21.04. 8.01 million shares changed exchanged hands during trading, an increase of 2.23% from the 30-day average session volume of 8.19M shares. The firm had previously closed at $20.99. The company has $176.85M outstanding shares, a price-to-earnings ratio of 6.26, price-to-earnings-growth ratio of 0.27 and a beta of 2.80. The company has a RSI of 51.87, ATR of 0.96 and a volatility of 3.77% this week. X has a 52 week low price of $17.08 and a 52 week high price of $47.64.
Investors have identified the tech company United States Steel Corporation as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around 3.72B, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
United States Steel Corporation (X) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For X, the company has in raw cash 1.34 billion on their books with 463 million currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on an incline. In terms of their assets, the company currently has 0 total, with 629 million as their total liabilities. This figure have given the company a good sense of viability under numerous contexts.
X were able to record 76 million as free cash flow during the recently reported quarter of the year, this saw their quarterly net cash flow reduce by 212 million. In cash movements, the company had a total of 722 million as operating cash flow.
Potential earnings growth for United States Steel Corporation (X)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the third quarter of the year, United States Steel Corporation recorded a total of 3.73 billion in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 0.13% coming in sequential stages and their sales for the third quarter increasing by 0.03%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 3.17 billion trying to sell their products during the last quarter, with the result yielding a gross income of 557 million. This allows shareholders to hold on to 176.85M with the revenue now reading 1640 cents per share. This is a figure that is close to analyst’s prediction for their fourth quarter (1.33 cents a share).
Is the stock of X attractive?
Having a look at the company’s valuation, the company is expected to record 4.49 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on X sounds very interesting.
In related news, EVP & Chief Financial Officer Bradley Kevin bought 10,000 shares of the company’s stock in a transaction that recorded on December 13th, 2019. The purchase was performed at an average price of 20.33, for a total value of 203,250. As the purchase deal closes, the Sr. VP – European Solutions Bradley Kevin now sold 12,000 shares of the company’s stock, valued at 308,940. Also, EVP & Chief Financial Officer Bradley Kevin bought 10,000 shares of the company’s stock in a deal that was recorded on November 7th, 2019. The shares were bought at an average cost of 29.53 per share, with a total market value of 102,785. Following this completion of disposal, the Sr. VP – Consumer Solutions now holds 3,607 shares of the company’s stock, valued at 135,263. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.10%.
3 out of 18 analysts covering the stock have rated it a Buy, while 10 have maintained a Hold recommendation on United States Steel Corporation stock. 0 analysts has assigned a Sell rating on the X stock. The 12-month mean consensus price target for the company’s shares has been set at $32.50.