United States Steel Corp. (NYSE: X) is -20.00% 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 $37.82 in the last trading session, with the day’s gains setting it 1.1%.
Currently trading at $38.92, the stock is 7.02% and 5.95% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.28 million and changing 2.91% at the moment leaves the stock -3.09% off its SMA200. X registered 21.55% gain for a year compared to 6-month gain of 0.21%. The firm has a 50-day simple moving average (SMA 50) of $36.7348 and a 200-day simple moving average (SMA200) of $40.16025.
The stock witnessed a -0.10% loss in the last 1 month and extending the period to 3 months gives it a -1.42%, and is 6.86% up 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 2.44% over the week and 2.54% over the month.
United States Steel Corp. (X) has around 21803 employees, a market worth around $8.76B and $16.89B in sales. Current P/E ratio is 17.36 and Fwd P/E is 13.98. Profit margin for the company is 3.39%. Distance from 52-week low is 44.60% and -22.47% from its 52-week high. The company has generated returns on investments over the last 12 months (3.69%).
with sales reaching $3.77B over the same period.The EPS is expected to shrink by -51.08% this year, but quarterly earnings will post -12.20% year-over-year. Quarterly sales are estimated to shrink -14.90% in year-over-year returns.
United States Steel Corp. (X) Top Institutional Holders
611.0 institutions hold shares in United States Steel Corp. (X), with institutional investors hold 90.94% of the company’s shares. The shares outstanding are 223.67M, and float is at 222.13M with Short Float at 7.18%. Institutions hold 89.57% 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
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United States Steel Corp. disclosed in a document filed with the SEC on Dec 18 ’23 that BURRITT DAVID B (Pres. & CEO) sold a total of 252,458 shares of the company’s common stock. The trade occurred on Dec 18 ’23 and was made at $50.01 per share for $12.63 million. Following the transaction, the insider now directly holds 0.58 million shares of the X stock.
Still, SEC filings show that on Dec 18 ’23, Brown Daniel R (SVP Adv. Tech. Steelmaking) disposed off 5,000 shares at an average price of $49.77 for $0.25 million. The insider now directly holds 86,968 shares of United States Steel Corp. (X).
