United States Steel Corp. (X) concluded trading on Wednesday at a closing price of $47.20, with 3.89 million shares of worth about $183.47 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 51.38% during that period and on Wednesday the price saw a loss of about -1.17%. Currently the company’s common shares owned by public are about 223.67M shares, out of which, 220.29M shares are available for trading.
However, the stock later moved at a day high price of 48.00, or with a loss of -1.17%. Stock saw a price change of -0.65% in past 5 days and over the past one month there was a price change of 3.74%. Year-to-date (YTD), X shares are showing a performance of -2.98% which increased to 57.39% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $20.40 but also hit the highest price of $50.20 during that period. The average intraday trading volume for United States Steel Corp. shares is 6.61 million. The stock is currently trading 1.34% above its 20-day simple moving average (SMA20), while that difference is down -0.28% for SMA50 and it goes to 38.48% higher than SMA200.
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United States Steel Corp. (NYSE: X) currently have 223.67M outstanding shares and institutions hold larger chunk of about 83.18% of that.
The stock has a current market capitalization of $10.56B and its 3Y-monthly beta is at 2.03. PE ratio of stock for trailing 12 months is 13.55, while it has posted earnings per share of $3.48 in the same period. Its PEG reads 1.69 and has Quick Ratio of 1.22 while making debt-to-equity ratio of 0.39. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for X, volatility over the week remained 1.30% while standing at 1.35% over the month.
Stock’s fiscal year EPS is expected to drop by -31.73% while it is estimated to increase by 0.17% in next year. EPS is likely to grow at an annualized rate of 8.00% for next 5-years, compared to annual growth of -10.66% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Morgan Stanley on February 15, 2024 offering an Equal-weight rating for the stock and assigned a target price range of between $40 and $51 to it. Coverage by JP Morgan stated United States Steel Corp. (X) stock as a Neutral in their note to investors on February 09, 2024, suggesting a price target of $47 for the stock. Stock get an Overweight rating from Morgan Stanley on October 02, 2023.
