United States Steel Corporation (X): What’s the Story?

United States Steel Corporation (X) is an interesting player in the Basic Materials space, with a focus on Steel & Iron. The stock has been active on the tape, currently trading at $40.24, down from yesterday’s close by -7.64%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

United States Steel Corporation (X) currently trades with a market capitalization of $7.18 Billion. That value represents a market adjusting for revenues that have been growing by 18.23 % on a quarterly year/year basis as of the company’s last quarterly report.

You can get a sense of how sustainable that is by a levered free cash flow of $297 Million over the past twelve months. Generally speaking, earnings are expected to grow in coming quarters. Analysts are forecasting earnings of $0.24 on a per share basis this quarter. Perhaps, that suggests something about why 1.92% of the outstanding share supply is held by institutional investors.

Technical Analysis

Sometimes, we can understand most about a stock by simply looking at how it has been trading. Looking at the stock’s movement on the chart, United States Steel Corporation recorded a 52-week high of $47.64. It is now trading 7.4% off that level. The stock is trading $39.99 its 50-day moving average by -0.25%. The stock carved out a 52-week low down at $18.55.

In recent action, United States Steel Corporation (X) has made a move of +11.10% over the past month, which has come on Strong relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 16.68, and it’s gotten there by action that has been more volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 7.04% with $174.25 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of X.

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