United States Steel Corp (NYSE: X) is -38.05% lower on its value in year-to-date trading and has touched a low of $26.92 and a high of $48.95 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 $31.72 in the last trading session, with the day’s loss setting it -1.58%.
Currently trading at $30.14, the stock is -17.06% and -20.26% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 11.08 million and changing -4.98% at the moment leaves the stock -21.02% off its SMA200. X registered -36.97% loss for a year compared to 6-month gain of -16.90%. The firm has a 50-day simple moving average (SMA 50) of $37.7982 and a 200-day simple moving average (SMA200) of $38.161.
The stock witnessed a -21.47% loss in the last 1 month and extending the period to 3 months gives it a -21.94%, and is -9.38% 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 3.85% over the week and 5.42% over the month.
United States Steel Corp (X) has around 21803 employees, a market worth around $6.45B and $16.29B in sales. Current P/E ratio is 19.71 and Fwd P/E is 11.39. Profit margin for the company is 2.41%. Distance from 52-week low is 11.98% and -38.43% from its 52-week high. The company has generated returns on investments over the last 12 months (2.50%).
with sales reaching $3.43B over the same period.The EPS is expected to shrink by -55.16% this year, but quarterly earnings will post -13.46% year-over-year. Quarterly sales are estimated to shrink -17.17% 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 89.66% of the company’s shares. The shares outstanding are 225.17M, and float is at 222.34M with Short Float at 8.13%. Institutions hold 88.32% 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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