United States Steel Corp. (X) concluded trading on Wednesday at a closing price of $37.97, with 3.29 million shares of worth about $124.78 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -2.96% during that period and on October 16, 2024 the price saw a gain of about 2.70%. Currently the company’s common shares owned by public are about 223.67M shares, out of which, 222.13M shares are available for trading.
Stock saw a price change of 6.51% in past 5 days and over the past one month there was a price change of 4.80%. Year-to-date (YTD), X shares are showing a performance of -21.95% which increased to 15.06% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $26.92 but also hit the highest price of $50.20 during that period. The average intraday trading volume for United States Steel Corp. shares is 5.59 million. The stock is currently trading 4.25% above its 20-day simple moving average (SMA20), while that difference is up 2.82% for SMA50 and it goes to -5.80% 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 87.78% of that.
The stock has a current market capitalization of $8.54B and its 3Y-monthly beta is at 1.87. PE ratio of stock for trailing 12 months is 16.94, while it has posted earnings per share of $2.24 in the same period. Its PEG reads 2.12 and has Quick Ratio of 1.14 while making debt-to-equity ratio of 0.38. 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 2.12% while standing at 2.79% over the month.
Stock’s fiscal year EPS is expected to drop by -51.43% while it is estimated to increase by 21.14% 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 JP Morgan on September 09, 2024 offering an Overweight rating for the stock and assigned a target price range of between $40 and $42 to it. Coverage by Exane BNP Paribas stated United States Steel Corp. (X) stock as an Outperform in their note to investors on September 06, 2024, suggesting a price target of $40 for the stock. On June 26, 2024, BMO Capital Markets Upgrade their recommendations, while on May 20, 2024, Jefferies Initiated their ratings for the stock with a price target of $45. Stock get an Overweight rating from Morgan Stanley on May 06, 2024.
