The pursuit of outperformance leads many investors to carefully choose individual stocks. Picking the right ones can be a game-changer for growing your wealth.
In the latest session, United States Steel Corp. (NYSE: X) closed at $37.94 down -2.32% from its previous closing price of $38.84. In other words, the price has decreased by -$2.32 from its previous closing price. On the day, 3.78 million shares were traded. X stock price reached its highest trading level at $38.57 during the session, while it also had its lowest trading level at $37.74.
Ratios:
For a deeper understanding of United States Steel Corp.’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.22 and its Current Ratio is at 1.76. In the meantime, Its Debt-to-Equity ratio is 0.39 whereas as Long-Term Debt/Eq ratio is at 0.38.
On February 15, 2024, Morgan Stanley Downgraded its rating to Equal-Weight which previously was Overweight and also upped its target price recommendation from $40 to $51.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Dec 18 ’23 when BURRITT DAVID B sold 252,458 shares for $50.01 per share. The transaction valued at 12,626,182 led to the insider holds 581,609 shares of the business.
Brown Daniel R sold 5,000 shares of X for $248,850 on Dec 18 ’23. The SVP Adv. Tech. Steelmaking now owns 86,968 shares after completing the transaction at $49.77 per share. On Nov 24 ’23, another insider, Brown Daniel R, who serves as the SVP Adv. Tech. Steelmaking of the company, sold 5,000 shares for $35.00 each. As a result, the insider received 175,000 and left with 91,968 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 8529518592 and an Enterprise Value of 10173690880. As of this moment, United’s Price-to-Earnings (P/E) ratio for their current fiscal year is 10.89, and their Forward P/E ratio for the next fiscal year is 11.69. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.36. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.47 while its Price-to-Book (P/B) ratio in mrq is 0.77. Its current Enterprise Value per Revenue stands at 0.564 whereas that against EBITDA is 5.302.
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 $20.40. The 50-Day Moving Average of the stock is -12.22%, while the 200-Day Moving Average is calculated to be 2.14%.
Shares Statistics:
For the past three months, X has traded an average of 4.65M shares per day and 3460170 over the past ten days. A total of 223.67M shares are outstanding, with a floating share count of 221.34M. Insiders hold about 1.55% of the company’s shares, while institutions hold 82.22% stake in the company. Shares short for X as of 1711584000 were 19686905 with a Short Ratio of 4.24, compared to 1709164800 on 18959066. Therefore, it implies a Short% of Shares Outstanding of 19686905 and a Short% of Float of 8.83.
Dividends & Splits
According to the company, the forward annual dividend rate for X is 0.20, from 0.2 in the trailing year. Against a Trailing Annual Dividend Yield of 0.0051493305The stock’s 5-year Average Dividend Yield is 0.86.
Earnings Estimates
The market rating of United States Steel Corp. (X) is currently shaped by the ongoing analysis conducted by 2.0 analysts closely monitoring its performance.On average, analysts expect EPS of $0.82 for the current quarter, with a high estimate of $0.83 and a low estimate of $0.82, while EPS last year was $0.77. The consensus estimate for the next quarter is $0.8, with high estimates of $1.08 and low estimates of $0.56.
Analysts are recommending an EPS of between $3.75 and $2.73 for the fiscal current year, implying an average EPS of $3.3. EPS for the following year is $3.72, with 6.0 analysts recommending between $5.91 and $2.14.
Revenue Estimates
A total of 4 analysts believe the company’s revenue will be $4.21B this quarter.It ranges from a high estimate of $4.47B to a low estimate of $3.88B. As of the current estimate, United States Steel Corp.’s year-ago sales were $4.25BFor the next quarter, 4 analysts are estimating revenue of $4.16B. There is a high estimate of $4.31B for the next quarter, whereas the lowest estimate is $3.9B.
A total of 8 analysts have provided revenue estimates for X’s current fiscal year. The highest revenue estimate was $17.12B, while the lowest revenue estimate was $15.46B, resulting in an average revenue estimate of $16.59B. In the same quarter a year ago, actual revenue was $18.05BBased on 8 analysts’ estimates, the company’s revenue will be $16.86B in the next fiscal year. The high estimate is $17.79B and the low estimate is $16.15B.
