Seeking to outpace the market, investors engage in the art of selecting individual stocks. The right picks can play a pivotal role in boosting your wealth.
United States Steel Corp (NYSE: X) closed the day trading at $35.26 down -9.68% from the previous closing price of $39.04. In other words, the price has decreased by -$9.68 from its previous closing price. On the day, 12.17 million shares were traded. X stock price reached its highest trading level at $39.04 during the session, while it also had its lowest trading level at $30.95.
Ratios:
For a better understanding of X, let’s look at its different ratios. 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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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 8790670336 and an Enterprise Value of 10579527680. As of this moment, United’s Price-to-Earnings (P/E) ratio for their current fiscal year is 23.06, and their Forward P/E ratio for the next fiscal year is 12.64. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.88. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.49 while its Price-to-Book (P/B) ratio in mrq is 0.69. Its current Enterprise Value per Revenue stands at 0.65 whereas that against EBITDA is 8.546.
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 -7.79%, while the 200-Day Moving Average is calculated to be -9.03%.
Shares Statistics:
Over the past 3-months, X traded about 5.15M shares per day on average, while over the past 10 days, X traded about 4975880 shares per day. A total of 225.17M shares are outstanding, with a floating share count of 222.34M. Insiders hold about 1.26% of the company’s shares, while institutions hold 86.80% stake in the company. Shares short for X as of 1732838400 were 18082308 with a Short Ratio of 3.39, compared to 1730332800 on 16010435. Therefore, it implies a Short% of Shares Outstanding of 18082308 and a Short% of Float of 8.09.
Dividends & Splits
X’s forward annual dividend rate is 0.20, up from 0.2 a year ago. Against a Trailing Annual Dividend Yield of 0.0051229508The stock’s 5-year Average Dividend Yield is 0.73.
