Investors need to see the forecast for United States Steel Corporation (X)
What’s up with United States Steel Corporation?
United States Steel Corporation (X) opened at $7.39, which means the stock is up 9.45% from Friday’s closing price of 7.51. Today, the company has a high of $8.26 and a low of $7.30. The company has a market cap of $1.40 billion with a 52-week high of $16.99 and a 52-week low of $4.54.
What about the future for United States Steel Corporation?
The high forecast for United States Steel Corporation is 9.00 while the low is 3.00. Stock forecasts are based on human experience: Human traders based on their experience in terms of stock price patterns, volume changes, and market news/rumors regarding a particular stock. United States Steel Corporation has a weak forecast. A weak forecast is due to the company posting consistent losses in their earning reports. The future outlook does not seem too bright as this could potentially cause the company to file for bankruptcy.. Based on this information X seems to be a risky buy.
About United States Steel Corporation
United States Steel Corp. engages in the manufacturing and selling of steel products. It operates through the following business segments: Flat-Rolled Products, U.S. Steel Europe, and Tubular Products. The Flat-Rolled Products segment includes managing steel plants and production facilities that manufacture steel slabs, rounds, strip mill plates, sheets, tin mill, iron ore, and coke. The U.S. Steel Europe segment offers producing and marketing strip mill plates, spiral welded pipe, heating radiators, refractory ceramic materials. The Tubular Products segment involves in manufacturing and trading seamless and electric resistance welded steel casing and tubing. line pipe, and mechanical tubing. The company was founded in 1901 by Andrew Carnegie, John Pierpont Morgan, Charles Michael Schwab and Elbert Henry Gary and is headquartered in Pittsburgh, PA.