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United States Steel Corp. (NYSE: X) closed the day trading at $38.37 up 0.74% from the previous closing price of $38.09. In other words, the price has increased by $0.74 from its previous closing price. On the day, 1.66 million shares were traded. X stock price reached its highest trading level at $38.51 during the session, while it also had its lowest trading level at $38.08.
Ratios:
For a better understanding of X, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.14 and its Current Ratio is at 1.71. In the meantime, Its Debt-to-Equity ratio is 0.39 whereas as Long-Term Debt/Eq ratio is at 0.37.
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 this company, Jefferies on May 20, 2024, initiated with a Buy rating and assigned the stock a target price of $45.
On May 06, 2024, Morgan Stanley Upgraded its rating to Overweight which previously was Equal-Weight and also lowered its target price recommendation from $51 to $48.
Wolfe Research Upgraded its Peer Perform to Outperform on April 09, 2024, while the target price for the stock was maintained at $46.
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 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 8627493888 and an Enterprise Value of 10846479360. As of this moment, United’s Price-to-Earnings (P/E) ratio for their current fiscal year is 11.30, and their Forward P/E ratio for the next fiscal year is 12.37. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.41. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.48 while its Price-to-Book (P/B) ratio in mrq is 0.77. Its current Enterprise Value per Revenue stands at 0.611 whereas that against EBITDA is 5.879.
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 $20.90. The 50-Day Moving Average of the stock is -0.85%, while the 200-Day Moving Average is calculated to be -1.47%.
Shares Statistics:
Over the past 3-months, X traded about 4.09M shares per day on average, while over the past 10 days, X traded about 2921630 shares per day. A total of 223.67M shares are outstanding, with a floating share count of 222.00M. Insiders hold about 1.27% of the company’s shares, while institutions hold 88.76% stake in the company. Shares short for X as of 1715731200 were 19629818 with a Short Ratio of 4.80, compared to 1713139200 on 19192086. Therefore, it implies a Short% of Shares Outstanding of 19629818 and a Short% of Float of 8.799999999999999.
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 0.005250722The stock’s 5-year Average Dividend Yield is 0.83.
