United States Steel Corp. beat Wall Street's second-quarter earnings and revenue expectations, but reported substantial decline in profit from the year-ago period.
The steel producer reported adjusted earnings of 45 cents a share, which surpassed analysts’ expectation of 40 cents a share. However, the earnings-per-share figure marks a large decline from $1.46 a share of the same period last year.
Sales came in at $3.5 billion, lower than the year-ago quarter’s $3.6 billion, but still exceeding Wall Street's $3.4 billion forecast.
X moved above its 50-day moving average on March 01, 2024 date and that indicates a change from a downward trend to an upward trend. In of 27 similar past instances, the stock price increased further within the following month. The odds of a continued upward trend are .
The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where X's RSI Oscillator exited the oversold zone, of 31 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Momentum Indicator moved above the 0 level on February 16, 2024. You may want to consider a long position or call options on X as a result. In of 85 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for X just turned positive on February 23, 2024. Looking at past instances where X's MACD turned positive, the stock continued to rise in of 49 cases over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where X advanced for three days, in of 299 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 5 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
The 10-day moving average for X crossed bearishly below the 50-day moving average on February 20, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 14 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following 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 .
X broke above its upper Bollinger Band on February 23, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Aroon Indicator for X entered a downward trend on February 06, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put 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 (0.959) is normal, around the industry mean (1.377). P/E Ratio (13.298) is within average values for comparable stocks, (17.048). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (4.778). X has a moderately low Dividend Yield (0.004) as compared to the industry average of (0.046). P/S Ratio (0.670) is also within normal values, averaging (3.686).
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 68, placing this stock 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
A.I.dvisor indicates that over the last year, X has been closely correlated with CLF. These tickers have moved in lockstep 66% of the time. This A.I.-generated data suggests there is a high statistical probability that if X jumps, then CLF could also see price increases.