(VIANEWS) – United States Steel (NYSE: X) shares have gained 33.18% over 21 sessions from EUR36.53 to EUR48.65 as of 18:01 EST Monday afternoon, following on a prior downward trend. Unfortunately, however, as two consecutive losses occured on Monday and Tuesday (with United States Steel closing price currently sitting at EUR48.65 which is 3.09% below its 52-week high of EUR50.20), United States Steel shares have since experienced another downward trend and currently stand at 16852.89.
About United States Steel
United States Steel Corporation is a top North American and European producer of flat-rolled and tubular steel products, operating through four segments: North American Flat-Rolled, Mini Mill, U.S. Steel Europe and Tubular Products. These segments offer an assortment of products, such as slabs, strip mill plates, sheets, hot-rolled, cold-rolled and coated sheets as well as electrical steel products such as spiral welded pipes, seamless and electric resistance welded steel casing tubing products as well as standard and line pipe. United States Steel Corporation serves customers from various markets, such as automotive, appliance, construction, container, electrical, industrial equipment and oil and gas production. Established in Pittsburgh Pennsylvania in 1901, United States Steel has an unparalleled record of providing top quality steel products worldwide.
Yearly Analysis
United States Steel’s stock is currently trading at EUR48.65, below its 52-week high of EUR50.20 but above its 52-week low of EUR20.40. Based on the information available, sales growth this year is predicted to be negative 15.6% while for next year it is projected at negative 6.4%. United States Steel currently has an EBITDA ratio of 0.65.
Given this information, investors may be concerned about a negative sales growth forecast and its possible ramifications on the company’s financial performance. Yet an EBITDA value shows that it generates positive earnings before accounting for interest, taxes, depreciation and amortization expenses.
As this analysis only considers information provided, and does not take into account other variables that could impact performance, it is crucial that investors conduct further research and analysis before making any definitive investments decisions.
Technical Analysis
United States Steel (USST) Stock Price Analysis
United States Steel (USST) has recently displayed an upswing on the stock market, surpassing both its 50-day moving average of EUR35.98 and 200-day moving average of EUR28.58 respectively, signaling an improvement in investor sentiment and faith in USST’s performance.
Notably, today’s trading volume of 3,617,282 represents 46.11% less than the company’s average trading volume of 6,713,280 and suggests that any recent price surge may not reflect an increased level of overall market interest.
USST has maintained an intraday variation average of 0.48% over the last week, month and quarter with 1.80% in average volatility observed during that time and its highest amplitude occurring within the last month at 2.67%.
Technically speaking, USST appears to be oversold (=20) which suggests it might be undervalued at its current price level and presents an attractive entry point for investors seeking to capitalize on its growth potential.
Overall, USST’s current price can be affected by various factors, such as its moving averages, volume and volatility; its oversold status according to stochastic oscillator may provide investors with enough evidence of its overvaluation that they should consider taking a long position in this company. It is recommended that investors conduct extensive research before making investment decisions; always consult a financial advisor prior to taking any major financial steps.
Quarter Analysis
Below is a thorough examination of United States Steel’s financial performance:
Sales Growth United States Steel’s sales growth for the current quarter stands at 10.8% and its estimated growth for the following quarter stands at just 1%. Quarters Growth estimates of United States Steel are negative at both present and next quarters with estimates standing at 67.8% for current quarter and 7.8% for subsequent quarters indicating significant decrease in growth and slight improvement for subsequent ones.
Revenue Growth United States Steel’s year-on-year quarterly revenue growth has experienced a decrease of 14.8% year-to-date with current annualized revenues at 18.25B for the last twelve months. Investors may find this slowdown in revenue growth troubling. Based on sales growth estimates and revenue projections, United States Steel’s future appears dim. Investors may wish to closely track a company’s performance over the next quarters in order to see whether its current trend continues or if any positive changes occur in their financial performance. Keep in mind, however, that this analysis relies solely on information provided and other factors could potentially impede such analysis.
Equity Analysis
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