U.S. Steel Corp shares dipped on Monday, after analysts at J.P. Morgan lowered their rating on the stock.
J.P. Morgan analyst Michael Gambardella cut his rating on the steelmaker’s shares to 'neutral' from 'overweight', after U.S. Steel Corp indicated that it would likely report an adjusted third quarter loss of -35 cents per share. The steel company has also been hit hard by falling steel prices and scrap prices, leading it to continue idling two of its main U.S. blast furnaces.
Several other analysts lowered their outlook as well. Macquarie cut US Steel from an “outperform” rating to an “underperform” rating, and slashed their price objective for the company from $18.00 to $9.00 in a research report on Thursday. Credit Suisse Group cut their price objective on United States Steel from $9.00 to $8.00 and gave an “underperform” rating for the company’s stock.
X saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on April 18, 2024. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 49 instances where the indicator turned negative. In of the 49 cases the stock moved lower in the days that followed. This puts the odds of a downward move at .
The Momentum Indicator moved below the 0 level on April 15, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on X as a result. In of 82 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where X declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The RSI Indicator demonstrates that the ticker has stayed in the oversold zone for 1 day, which means it's wise to expect a price bounce in the near future.
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 6 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where X advanced for three days, in of 304 cases, the price rose further within the following month. The odds of a continued upward trend are .
X may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (0.756) is normal, around the industry mean (1.240). P/E Ratio (10.441) is within average values for comparable stocks, (12.173). X's Projected Growth (PEG Ratio) (0.000) is very low in comparison to the industry average of (0.762). X has a moderately low Dividend Yield (0.005) as compared to the industry average of (0.049). P/S Ratio (0.526) is also within normal values, averaging (1.298).
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 68, placing this stock slightly better than average.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. X’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
a manufacture of integrated steel products
Industry Steel