United States Steel Corporation (X) shares are trading at lower $15.22 and the avg recommendation for the stock is Hold, while the current analyst price target stands at $7.31.
To add more color to this target, the company’s high over the last year is $15.85 and the low is $4.54. Over the last 52 weeks, X is up 14.09% while the S&P 500 is up 17.73%. The catalyst for this interesting swing was the company’s recent earnings report.
A Notable Earnings Report
In the last quarter, X reported a profit of $45.0 million. United States Steel Corporation also saw revenues increase to $2.34 billion. In addition, X has free cash flow of -$740.0 million as of 09-2020. The company’s EBITDA came in at -$49.0 million which compares well with its peers.
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X booked profit margins of -18.80%, its Return on Equity (ROE) is -50.60%, and its Return on Assets is -15.60%. All told, it is clear that, X needs to be on your watchlist.
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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. X has a short ratio of 3.09 and outstanding shares of 220.40M.
X has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 16.1 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -10.65. United States Steel Corporation X also noted assets of $11.73 billion at the end of the last quarter. Investors should also keep an eye on sector updates as X has historically followed its peers on positive news.
All told, United States Steel Corporation X has strung together solid data and demonstrated underlying fundamentals. At its current valuation, X represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.
United States Steel Corporation X is now commanding a market cap of 3.32B and a float of 217.89M. X is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of X stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in X, either long or short, and we have not been compensated for this article.