Still Looks Good But Keep an Eye on United States Steel Corporation (X)

Wall Street analysts will be watching closely when United States Steel Corporation (NYSE:X) reports its quarterly earnings next, which is scheduled for Thu 2 May (In 16 Days). Looking at the latest analyst forecasts, the current earnings-per-share (EPS) consensus estimate is sitting at $0.76 per share. In the preceding quarter, the company reportedly generated EPS of $1.82 per share of its common stock. Looking at profitability indicators, this organization has an operating margin of 7.20%, a profit margin of 7.90% and a gross margin of 13.20%.

Speaking of Wall Street analysts, a number of market experts at top investment banks have recently posted their updated ratings on shares of United States Steel Corporation (NYSE:X). Most recently, on April 11th, 2019, BofA/Merrill Downgrade a Underperform rating. Before that, on April 9th, 2019, Credit Suisse Downgrade to Underperform. BofA/Merrill Reiterated a Buy rating on February 27th, 2019, Berenberg Upgrade an Buy rating on February 21st, 2019, and Morgan Stanley Upgrade a Equal-Weight rating on January 28th, 2019.

At its current price point, combined with the fact that this company has 174.30M shares outstanding, the current market capitalization sits at 2.92B. In the last trading day, 6,663,336 shares of United States Steel Corporation were traded, which compares to its usual volume of about 10.22M shares per day of trading.

If we compare this company’s current price to its recent pricing activity, we can see that the price has changed by -$1.01 in the past five trading days, resulting in a percentage change of -5.68% and a moving average of 16.83. In the past 20 days, its price changed by -$3.22 (which is -16.12%) and the stock’s moving average was 18.85. Looking back a full 50 days, shares of X changed by -$5.91 (which is -26.07%) and demonstrated a moving average of 20.74.

Staying in the same analytical area, this company’s stock has demonstrated a 9-day Stochastic %K score of 6.03%, a 14-day Stochastic %K score of 5.87% and a 20-day Stochastic %K score of 5.86%. Using a similar metric, United States Steel Corporation (X) shares showed a Stochastic %D of 5.01% over the past 9 days, a Stochastic %D score of 4.96% over the last 14 days, and a 20-day Stochastic %D of 4.94%. Meanwhile, this stock’s MACD Oscillator was -1.20 over the past 9 days, -1.87 over the past two weeks, and -2.12 in the last 20 days.

As recent trading data suggests, this company’s shares have been hovering close to the $16.76 level. Over the past 12 months, this stock has experienced a high price of $39.23 and a low of $16.50. Top market experts pay heightened attention to a stock as it is getting closer to a notable historic high price or low price.

The Vanguard Group Inc purchased more shares of this company during the last fiscal quarter, as we can observe in the latest corresponding filing from United States Steel Corporation (NYSE:X) with the Securities and Exchange Commission (SEC). This specific major shareholder, at the end of the quarter, held 16,426,516 shares of the company’s stock following the addition of 299,419 to this investor’s holdings during the three-month period. This share count represents that The Vanguard Group Inc now held 9.48% stake in United States Steel Corporation (X)’s shares.

Just in the most recent trading day, United States Steel Corporation (NYSE:X) experienced a high price of $16.92 and low point of $16.55. At the end of the last trading session, this stock was at 16.76 per share, following a loss of -$16.71, or 0.30% during the full day.