Currently, there are 223.67M common shares owned by the public and among those 222.00M shares have been available to trade.
The company’s stock has a 5-day price change of -4.50% and -12.52% over the past three months. X shares are trading -27.63% year to date (YTD), with the 12-month market performance up to 50.92% higher. It has a 12-month low price of $22.26 and touched a high of $50.20 over the same period. X has an average intraday trading volume of 2.96 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -5.82%, -6.46%, and -10.52% respectively.
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Institutional ownership of United States Steel Corp. (NYSE: X) shares accounts for 88.50% of the company’s 223.67M shares outstanding.
It has a market capitalization of $7.92B and a beta (3y monthly) value of 1.93. The stock’s trailing 12-month PE ratio is 10.37, while the earnings-per-share (ttm) stands at $3.40. The company has a PEG of 1.30 and a Quick Ratio of 1.14 with the debt-to-equity ratio at 0.39. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.40% over the week and 2.18% over the month.
Earnings per share for the fiscal year are expected to decrease by -41.93%, and 11.68% over the next financial year. EPS should grow at an annualized rate of 8.00% over the next five years, compared to -10.66% over the past 5-year period.
Looking at the support for the X, a number of firms have released research notes about the stock. Jefferies stated their Buy rating for the stock in a research note on May 20, 2024, with the firm’s price target at $45. Morgan Stanley coverage for the United States Steel Corp. (X) stock in a research note released on May 06, 2024 offered a Overweight rating with a price target of $48. Wolfe Research was of a view on April 09, 2024 that the stock is Outperform, while Morgan Stanley gave the stock Equal-Weight rating on February 15, 2024, issuing a price target of $40- $51. JP Morgan on their part issued Neutral rating on February 09, 2024.
