United States Steel Corp (NYSE: X) is -19.77% 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 $40.51 in the last trading session, with the day’s loss setting it -1.48%.
Currently trading at $39.03, the stock is -0.30% and 3.15% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.95 million and changing -3.65% at the moment leaves the stock -0.34% off its SMA200. X registered 12.48% gain for a year compared to 6-month gain of 8.69%. The firm has a 50-day simple moving average (SMA 50) of $37.8394 and a 200-day simple moving average (SMA200) of $39.1634.
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The stock witnessed a -1.19% loss in the last 1 month and extending the period to 3 months gives it a 3.20%, and is 8.93% 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 6.93% over the week and 4.88% over the month.
United States Steel Corp (X) has around 21803 employees, a market worth around $8.47B and $16.29B in sales. Current P/E ratio is 25.53 and Fwd P/E is 14.15. Profit margin for the company is 2.41%. Distance from 52-week low is 45.01% and -22.25% from its 52-week high. The company has generated returns on investments over the last 12 months (2.50%).
with sales reaching $3.49B over the same period.The EPS is expected to shrink by -50.48% this year, but quarterly earnings will post -12.70% year-over-year. Quarterly sales are estimated to shrink -15.83% in year-over-year returns.
United States Steel Corp (X) Top Institutional Holders
625.0 institutions hold shares in United States Steel Corp (X), with institutional investors hold 89.83% of the company’s shares. The shares outstanding are 223.67M, and float is at 222.34M with Short Float at 7.20%. Institutions hold 88.48% 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).
