(VIANEWS) – United States Steel (NYSE: X) shares fell 12.27% to EUR41.09 at 14:01 EST on Wednesday, marking its third straight session of losses and following an uptick of 0.41% on the New York Stock Exchange to EUR18,048.00 seen during Tuesday’s upward trend. Yet despite these disappointing performances, today is seeing positive trading activity within the market overall.
United States Steel’s last closing price was EUR46.84, representing a decrease of 6.69% compared to its 52-week high of EUR50.20.
About United States Steel
United States Steel Corporation is a top producer and seller of flat-rolled and tubular steel products in North America and Europe, serving multiple markets such as construction, transportation, automotive and oil and gas. Operating through four segments (North American Flat-Rolled, Mini Mill, U.S. Steel Europe and Tubular Products) it supplies slabs, strip mill plates sheets tin mill products hot rolled cold rolled coated sheets electrical steel products as well as real estate services.
Yearly Analysis
As an AI language model, I cannot offer personalized investment advice; however, from your information it is noteworthy that United States Steel’s stock is currently trading below its 52-week high and above its 52-week low; additionally the company is expected to experience negative sales growth this year and next. Furthermore, its EBITDA figure shows positive earnings per share growth which indicates profitability for United States Steel.
Before making an investment decision, investors are advised to conduct thorough research and analysis. Factors such as company financial health, industry trends, competitive landscape and overall market conditions must all be taken into consideration. It may also be beneficial for them to consult a licensed financial advisor for personalized investment advice.
Technical Analysis
United States Steel Corporation (USST) has seen its share price surge, currently trading at EUR45.75 – surpassing both its 50-day moving average of EUR41.04 and 200-day moving averages.
Increased Trading ActivityAccording to United States Steel’s current trading volume figures, today’s trading activity reached 24,582,541. This represents a 289.9% jump over its usual volume of 6,162,460 and could be linked with investor enthusiasm over their recent performance.
United States Steel has experienced relatively stable intraday price movements over the last week, month, and quarter. Their average weekly volatility stands at 0.14%; last month’s average volatility is 0.22%; and quarter-on-quarter average volatility stands at 0.94% – their highest average weekly/month/quarter amplitude was 0.64% in week 1, 0.595% in month 1 and 1.944% in quarter 3.
As per the stochastic oscillator, which is widely used to identify overbought and oversold conditions, United States Steel’s stock has recently reached overbought conditions (>=80), signaling it may soon experience a price correction. This indication could signal impending price instability.
Given these developments, investors should closely track United States Steel’s performance and consider potential entry and exit points in the market.
Quarter Analysis
Based on the provided data, United States Steel’s sales growth for the current quarter stands at negative 13.3% while it is projected to increase by 1.9% in the subsequent quarter. Growth estimates for this current quarter indicate a sharp decrease while estimated growth estimates for next quarter show improvement at 1.3% indicating positive sales performance.
Regarding revenue growth, the company experienced a year-on-year decrease of 14.8%, with total twelve month revenues reaching 18.25B. This indicates that their revenues have been decreasing, so investors should be wary when making decisions to invest.
Overall, the data indicates that United States Steel’s sales growth is declining while revenue has also declined significantly, which are both factors investors must take into consideration prior to making investment decisions.
Equity Analysis
Unfortunately, not every organization that can benefit from more exposure in terms of revenue has access to it. United States Steel has maintained an adequate current ratio, which indicates its ability to meet short-term obligations, of 1.6, which means it holds EUR1.6 in current assets for every EUR1 in current liabilities. Stock Performance Over the last five years, United States Steel’s stock has experienced a total return of -52.8% which falls short of the S&P 500 total return of 65.4% during that same timeframe. At its current valuation of 11.54 PE ratio and dividend yield of 0.42%, this stock appears fairly valued; however, investors should take into consideration its financial health, stock performance and industry outlook before making their final investment decisions.
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