United States Steel Corp. (NYSE: X) is -32.54% lower on its value in year-to-date trading and has touched a low of $26.92 and a high of $50.20 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The X stock was last observed hovering at around $31.27 in the last trading session, with the day’s gains setting it 1.55%.
Currently trading at $32.82, the stock is -13.35% and -15.19% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 8.67 million and changing 4.96% at the moment leaves the stock -19.73% off its SMA200. X registered 6.49% gain for a year compared to 6-month loss of -30.82%.
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The stock witnessed a -21.50% gain in the last 1 month and extending the period to 3 months gives it a -14.24%, and is -13.43% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 11.19% over the week and 5.20% over the month.
United States Steel Corp. (X) has around 21803 employees, a market worth around $7.38B and $16.89B in sales. Current P/E ratio is 14.64 and Fwd P/E is 11.88. Profit margin for the company is 3.39%. Distance from 52-week low is 21.94% and -34.62% from its 52-week high. The company has generated returns on investments over the last 12 months (3.69%).
The EPS is expected to shrink by -52.91% this year.
United States Steel Corp. (X) Top Institutional Holders
618.0 institutions hold shares in United States Steel Corp. (X), with institutional investors hold 91.15% of the company’s shares. The shares outstanding are 223.67M, and float is at 222.13M with Short Float at 8.08%. Institutions hold 89.78% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 23.41 million shares valued at $885.07 million. The investor’s holdings represent 10.4483% of the X Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 20.44 million shares valued at $772.59 million to account for 9.1205 of the shares outstanding. The other top investors are PENTWATER CAPITAL MANAGEMENT LP which holds 20.21 million shares representing 9.0183% and valued at over $763.94 million, while PENTWATER CAPITAL MANAGEMENT LP holds 6.0428 of the shares totaling 13.54 million with a market value of $511.88 million.
United States Steel Corp. (X) Insider Activity
The most recent transaction is an insider sale by BURRITT DAVID B, the company’s Pres. & CEO. SEC filings show that BURRITT DAVID B sold 252,458 shares of the company’s common stock on Dec 18 ’23 at a price of $50.01 per share for a total of $12.63 million. Following the sale, the insider now owns 0.58 million shares.
United States Steel Corp. disclosed in a document filed with the SEC on Dec 18 ’23 that Brown Daniel R (SVP Adv. Tech. Steelmaking) sold a total of 5,000 shares of the company’s common stock. The trade occurred on Dec 18 ’23 and was made at $49.77 per share for $0.25 million. Following the transaction, the insider now directly holds 86968.0 shares of the X stock.
Still, SEC filings show that on Nov 24 ’23, Brown Daniel R (SVP Adv. Tech. Steelmaking) disposed off 5,000 shares at an average price of $35.00 for $0.17 million. The insider now directly holds 91,968 shares of United States Steel Corp. (X).
