Beyond market averages, investors seeking exceptional growth focus on the art of stock selection. The right picks can significantly contribute to the expansion of your wealth.
The closing price of United States Steel Corp (NYSE: X) was $32.60 for the day, down -4.09% from the previous closing price of $33.99. In other words, the price has decreased by -$4.09 from its previous closing price. On the day, 6.04 million shares were traded. X stock price reached its highest trading level at $34.37 during the session, while it also had its lowest trading level at $32.4.
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 1.08 and its Current Ratio is at 1.67. In the meantime, Its Debt-to-Equity ratio is 0.37 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.
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 7340574720 and an Enterprise Value of 9980572672. As of this moment, United’s Price-to-Earnings (P/E) ratio for their current fiscal year is 21.32, and their Forward P/E ratio for the next fiscal year is 12.35. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.67. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.45 while its Price-to-Book (P/B) ratio in mrq is 0.63. Its current Enterprise Value per Revenue stands at 0.613 whereas that against EBITDA is 8.062.
Stock Price History:
Over the past 52 weeks, X has reached a high of $48.85, while it has fallen to a 52-week low of $26.92. The 50-Day Moving Average of the stock is -11.92%, while the 200-Day Moving Average is calculated to be -13.72%.
Shares Statistics:
X traded an average of 4.85M shares per day over the past three months and 6610590 shares per day over the past ten days. A total of 225.17M shares are outstanding, with a floating share count of 222.34M. Insiders hold about 1.25% of the company’s shares, while institutions hold 86.82% stake in the company. Shares short for X as of 1734048000 were 17582202 with a Short Ratio of 3.62, compared to 1731628800 on 17470914. Therefore, it implies a Short% of Shares Outstanding of 17582202 and a Short% of Float of 7.870000000000001.
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 0.0058840835The stock’s 5-year Average Dividend Yield is 0.71.
