United States Steel Corp (NYSE: X) is -3.06% lower on its value in year-to-date trading and has touched a low of $26.92 and a high of $48.85 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 $30.47 in the last trading session, with the day’s gains setting it 2.48%.
Currently trading at $32.95, the stock is 0.00% and -10.24% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 14.46 million and changing 8.14% at the moment leaves the stock -12.61% off its SMA200. X registered -31.21% loss for a year compared to 6-month loss of -15.94%. The firm has a 50-day simple moving average (SMA 50) of $36.841 and a 200-day simple moving average (SMA200) of $37.739.
The stock witnessed a -14.17% gain in the last 1 month and extending the period to 3 months gives it a -7.10%, and is 5.81% 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 6.64% over the week and 5.81% over the month.
United States Steel Corp (X) has around 21803 employees, a market worth around $6.93B and $16.29B in sales. Current P/E ratio is 21.55 and Fwd P/E is 14.30. Profit margin for the company is 2.41%. Distance from 52-week low is 22.42% and -32.55% from its 52-week high. The company has generated returns on investments over the last 12 months (2.50%).
The EPS is expected to shrink by -58.79% this year.
United States Steel Corp (X) Top Institutional Holders
623.0 institutions hold shares in United States Steel Corp (X), with institutional investors hold 89.91% of the company’s shares. The shares outstanding are 225.17M, and float is at 222.34M with Short Float at 7.91%. Institutions hold 88.56% 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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