United States Steel Corp (NYSE: X) suffers from exceptional negative changes in investment behavior: its longer term price trend turned down, its shorter term price trend turned down, and the stock fell on very heavy volume.
Recent minor negative changes in fundamentals have impacted United States Steel Corp (NYSE: X). Negative developments: significant quarterly sales deceleration occurred, and the consensus estimate for December, 2024 decreased significantly. Positive development: significant quarterly earnings acceleration occurred.
In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
X’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a modest Value Builder.
United States Steel has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. United States Steel has a very high Appreciation Score of 93 but a poor Power Rating of 17, with the Neutral Value Trend Rating the result.
Recent Price Action
United States Steel Corp (NYSE: X) stock declined by -4.9% on 9/10/24. The shares closed at $31.22. Moreover, trading volume in this decline was exceptionally high at 209% of normal. The stock has been weak relative to the market over the last nine months and has declined -17.6% during the last week.
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