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The closing price of United States Steel Corp. (NYSE: X) was $37.80 for the day, down -0.45% from the previous closing price of $37.97. In other words, the price has decreased by -$0.45 from its previous closing price. On the day, 1.43 million shares were traded. X stock price reached its highest trading level at $38.11 during the session, while it also had its lowest trading level at $37.67.
Ratios:
Our analysis of X’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 1.14 and its Current Ratio is at 1.72. In the meantime, Its Debt-to-Equity ratio is 0.38 whereas as Long-Term Debt/Eq ratio is at 0.36.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, JP Morgan on September 09, 2024, Upgraded its rating to Overweight and sets its target price to $42 from $40 previously.
On September 06, 2024, Exane BNP Paribas Upgraded its rating to Outperform which previously was Neutral but kept the price unchanged to $40.
BMO Capital Markets Upgraded its Market Perform to Outperform on June 26, 2024, whereas the target price for the stock was revised from $43 to $45.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Sep 18 ’24 when Jaycox Kenneth E bought 3,500 shares for $37.50 per share.
BURRITT DAVID B sold 252,458 shares of X for $12,626,182 on Dec 18 ’23. The Pres. & CEO now owns 581,609 shares after completing the transaction at $50.01 per share. On Dec 18 ’23, another insider, Brown Daniel R, who serves as the SVP Adv. Tech. Steelmaking of the company, sold 5,000 shares for $49.77 each. As a result, the insider received 248,850 and left with 86,968 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, X now has a Market Capitalization of 8503563264 and an Enterprise Value of 10903559168. As of this moment, United’s Price-to-Earnings (P/E) ratio for their current fiscal year is 16.86, and their Forward P/E ratio for the next fiscal year is 13.58. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.11. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.50 while its Price-to-Book (P/B) ratio in mrq is 0.75. Its current Enterprise Value per Revenue stands at 0.647 whereas that against EBITDA is 7.52.
Stock Price History:
Over the past 52 weeks, X has reached a high of $50.20, while it has fallen to a 52-week low of $26.92. The 50-Day Moving Average of the stock is 2.54%, while the 200-Day Moving Average is calculated to be -6.10%.
Shares Statistics:
X traded an average of 5.60M shares per day over the past three months and 1872210 shares per day over the past ten days. A total of 223.67M shares are outstanding, with a floating share count of 222.13M. Insiders hold about 1.26% of the company’s shares, while institutions hold 87.77% stake in the company. Shares short for X as of 1727654400 were 15948569 with a Short Ratio of 2.85, compared to 1724976000 on 19701060. Therefore, it implies a Short% of Shares Outstanding of 15948569 and a Short% of Float of 7.1499999999999995.
Dividends & Splits
With its trailing 12-month dividend rate of 0.2, X has a forward annual dividend rate of 0.20. Against a Trailing Annual Dividend Yield of 0.005267316The stock’s 5-year Average Dividend Yield is 0.76.
