Currently, there are 223.67M common shares owned by the public and among those 222.34M shares have been available to trade.
The company’s stock has a 5-day price change of -2.85% and -0.15% over the past three months. X shares are trading -20.06% year to date (YTD), with the 12-month market performance up to 13.78% higher. It has a 12-month low price of $26.92 and touched a high of $50.20 over the same period. X has an average intraday trading volume of 6.30 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 -0.64%, 3.53%, and -0.95% respectively.
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Institutional ownership of United States Steel Corp (NYSE: X) shares accounts for 86.75% of the company’s 223.67M shares outstanding.
It has a market capitalization of $8.76B and a beta (3y monthly) value of 1.84. The stock’s trailing 12-month PE ratio is 25.44, while the earnings-per-share (ttm) stands at $1.53. The company has a PEG of 3.18 and a Quick Ratio of 1.08 with the debt-to-equity ratio at 0.37. Price movements for the stock have been influenced by the stock’s volatility, which stands at 6.48% over the week and 4.03% over the month.
Earnings per share for the fiscal year are expected to decrease by -50.48%, and 17.73% 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. JP Morgan stated their Overweight rating for the stock in a research note on September 09, 2024, with the firm’s price target at $40-$42. Exane BNP Paribas coverage for the United States Steel Corp (X) stock in a research note released on September 06, 2024 offered a Outperform rating with a price target of $40. BMO Capital Markets was of a view on June 26, 2024 that the stock is Outperform, while Jefferies gave the stock Buy rating on May 20, 2024, issuing a price target of $45. Morgan Stanley on their part issued Overweight rating on May 06, 2024.
