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As of close of business last night, United States Steel Corp.’s stock clocked out at $39.20, up 2.24% from its previous closing price of $38.34. In other words, the price has increased by $2.24 from its previous closing price. On the day, 3.59 million shares were traded. X stock price reached its highest trading level at $39.6399 during the session, while it also had its lowest trading level at $38.44.
Ratios:
To gain a deeper understanding of X’s stock, we examine 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 the company, BMO Capital Markets on June 26, 2024, Upgraded its rating to Outperform and sets its target price to $45 from $43 previously.
On May 20, 2024, Jefferies started tracking the stock assigning a Buy rating and target price of $45.
Morgan Stanley Upgraded its Equal-Weight to Overweight on May 06, 2024, whereas the target price for the stock was revised from $51 to $48.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. 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 8811871232 and an Enterprise Value of 11030855680. As of this moment, United’s Price-to-Earnings (P/E) ratio for their current fiscal year is 11.55, and their Forward P/E ratio for the next fiscal year is 13.03. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.44. 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 0.79. Its current Enterprise Value per Revenue stands at 0.622 whereas that against EBITDA is 5.979.
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 $22.26. The 50-Day Moving Average of the stock is 5.01%, while the 200-Day Moving Average is calculated to be -0.89%.
Shares Statistics:
It appears that X traded 2.91M shares on average per day over the past three months and 3177640 shares per day over the past ten days. 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 88.30% stake in the company. Shares short for X as of 1718323200 were 22966766 with a Short Ratio of 7.90, compared to 1715731200 on 19629818. Therefore, it implies a Short% of Shares Outstanding of 22966766 and a Short% of Float of 10.299999999999999.
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 0.005216484The stock’s 5-year Average Dividend Yield is 0.82.
