United States Steel Corp (NYSE: X) is 14.27% higher on its value in year-to-date trading and has touched a low of $26.92 and a high of $48.12 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The X stock was last observed hovering at around $40.22 in the last trading session, with the day’s loss setting it -1.38%.
Currently trading at $38.84, the stock is 1.42% and 8.53% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.45 million and changing -3.43% at the moment leaves the stock 4.10% off its SMA200. X registered -18.25% loss for a year compared to 6-month loss of 3.88%.
The stock witnessed a 6.32% gain in the last 1 month and extending the period to 3 months gives it a -1.99%, and is 3.05% 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 3.62% over the week and 4.19% over the month.
United States Steel Corp (X) has around 22053 employees, a market worth around $8.75B and $15.63B in sales. Current P/E ratio is 26.03 and Fwd P/E is 11.58. Profit margin for the company is 2.46%. Distance from 52-week low is 44.31% and -19.29% from its 52-week high. The company has generated returns on investments over the last 12 months (2.48%).
The EPS is expected to shrink by -5.55% this year.
United States Steel Corp (X) Top Institutional Holders
The shares outstanding are 225.18M, and float is at 221.37M with Short Float at 7.05%.
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 8.9865% and valued at over $763.94 million, while PENTWATER CAPITAL MANAGEMENT LP holds 6.0215 of the shares totaling 13.54 million with a market value of $511.88 million.
United States Steel Corp (X) Insider Activity
A total of 0 insider transactions have happened at United States Steel Corp (X) in the last six months, with sales accounting for 0 and purchases happening 0 times.
United States Steel Corp (X): Who are the competitors?
The company’s main competitors (and peers) include Nucor Corp. (NUE) that is trading -28.37% down over the past 12 months.
