United States Steel Corp. (X) concluded trading on Wednesday at a closing price of $36.60, with 5.4 million shares of worth about $197.8 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 15.60% during that period and on April 24, 2024 the price saw a loss of about -3.53%. Currently the company’s common shares owned by public are about 223.67M shares, out of which, 221.34M shares are available for trading.
Stock saw a price change of -6.47% in past 5 days and over the past one month there was a price change of -9.07%. Year-to-date (YTD), X shares are showing a performance of -24.77% which increased to 45.07% 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 4.63 million. The stock is currently trading -9.98% below its 20-day simple moving average (SMA20), while that difference is down -14.99% for SMA50 and it goes to -1.65% lower 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 82.21% of that.
The stock has a current market capitalization of $8.23B and its 3Y-monthly beta is at 2.06. PE ratio of stock for trailing 12 months is 10.50, while it has posted earnings per share of $3.48 in the same period. Its PEG reads 1.31 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 3.03% while standing at 2.76% over the month.
Stock’s fiscal year EPS is expected to drop by -30.56% while it is estimated to decrease by -1.17% 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 Wolfe Research on April 09, 2024 offering an Outperform rating for the stock and assigned a target price of $46 to it. Coverage by Morgan Stanley stated United States Steel Corp. (X) stock as an Equal-weight in their note to investors on February 15, 2024, suggesting a price target of $51 for the stock. On February 09, 2024, JP Morgan Resumed their recommendations, while on January 12, 2024, JP Morgan Resumed their ratings for the stock with a price target of $52. Stock get a Hold rating from Argus on November 03, 2023.
