United States Steel Corporation (NYSE:X)’s traded shares stood at 3,394,871 during the last session, with the company’s beta value hitting 2.17. At the close of trading, the stock’s price was $11, to imply a decline of -0.81% or -$0.09 in intraday trading. The X share’s 52-week high remains $14.52, putting it -32% down since that peak but still an impressive +58.73% since price per share fell to its 52-week low of $4.54. The company has a valuation of $2.42 Billion, with an average of 10.28 Million shares in intraday trading volume over the past 10 days and average of 10.7 Million shares over the past 3 months.
Analysts have given a consensus recommendation of Underweight for United States Steel Corporation (X), translating to a mean rating of 3.4. Of 13 analyst(s) looking at the stock, 4 analyst(s) give X a Sell rating. None of those analysts rate the stock as Overweight while 8 advise Hold as none recommend it as a Buy. 1 analyst(s) have given it an Underweight rating. Estimates put the company’s earnings per share at -$0.73.
United States Steel Corporation (NYSE:X) trade information
After registering a -0.81% downside on the day, United States Steel Corporation (X) has traded green over the past five days. The stock hit a weekly high of $11.55- this Wednesday, Nov 18, jumping 4.59% in its intraday price action. The 5-day price performance for the stock is 4.16%, and 24.8% over 30 days. With these gigs, the year-to-date price performance is -3.42%. Short interest in United States Steel Corporation (NYSE:X) saw shorts transact 38.51 Million shares and set a 3.6 days time to cover.
Analysts on Wall Street suggest a consensus price target of $6.25, implying a decline of-43.18% to the stock’s current value. The extremes give us $3 and $10 for target low and target high price respectively. As such, X is trading -9.09% off suggested target high and -72.73% from its likely low.
United States Steel Corporation (X) estimates and forecasts
Looking at statistics comparing United States Steel Corporation share performance against respective industry, we note that the company has underperformed competitors. United States Steel Corporation (X) shares are +50.47% up over the last 6 months, with its year-to-date growth rate lower than industry average at -5955.56% against -15.7%. But the company is tempering its growth estimates for the 2020 fiscal year. Revenue is forecast to decline -14.1% this quarter before jumping 38.4% for the next one. The company projects its revenue will drop -25.5% compared to the previous financial year.
Forecast revenue for the current quarter as set by 6 analysts is $2.5 Billion. Meanwhile, for the quarter ending March 01, 2021, a total of 4 analyst(s) estimate revenue growth to $2.51 Billion. Earnings reports from the last fiscal year show that sales brought in $2.82 Billion for this quarter and $2.75 Billion the next quarter. In this case, analysts estimate current quarter sales to dip -11.4% before falling -8.8% in the following quarter.
An assessment of the company’s 5-year growth patterns shows that annual earnings fell an estimated -49.5% for the past 5-year period. While 2020 is set for a -158.8% return in earnings, projections for the next 5 years are at 8% annually.
United States Steel Corporation has its next earnings report out between January 28 and February 01, 2021. Despite the year witnessing an increase in the company’s overall debt, investors are exuding optimism of an improved dividend yield. United States Steel Corporation has a forward dividend ratio of 0.04, with the share yield ticking at 0.36% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 1.17%.
United States Steel Corporation (NYSE:X)’s Major holders
United States Steel Corporation insiders hold 1.14% of total outstanding shares, with institutional holders owning 56.76% of the shares at 57.42% float percentage. In total, 383 institutions holds shares in the company, led by Blackrock Inc. As of Sep 29 this year, the company held over 23.86 Million shares (or 10.82% of shares), all amounting to roughly $175.1 Million.
The next major institution holding the largest number of shares is Vanguard Group, Inc. (The) with 18.37 Million shares, or about 8.33% of shares outstanding. As of the market price on 44103, these shares were worth $134.81 Million.
We also have Vanguard Total Stock Market Index Fund and iShares Core S&P Midcap ETF as the top two Mutual Funds with the largest holdings of the United States Steel Corporation (X) shares. Going by data provided on 44011, Vanguard Total Stock Market Index Fund holds roughly 6,311,935 shares. This is just over 2.86% of the total shares, with a market valuation of $45.57 Million. Data from the same date shows that the other fund manager holds a little less at 5.78 Million, or 2.62% of the shares, all valued at about $42.42 Million.