In the latest trading session, 12.9 million United States Steel Corporation (NYSE:X) shares changed hands as the company’s beta touched 2.29. With the company’s most recent per share price at $23.20 changing hands around $0.49 or 2.18% at last look, the market valuation stands at $6.42B. X’s current price is a discount, trading about -29.18% off its 52-week high of $29.97. The share price had its 52-week low at $6.58, which suggests the last value was 71.64% up since then. When we look at United States Steel Corporation’s average trading volume, we note the 10-day average is 31.87 million shares, with the 3-month average coming to 24.77 million.
Analysts gave the United States Steel Corporation (X) stock a consensus recommendation rating of a Hold, calculated at a mean rating of 2.90. If we narrow down to specifics, the data shows that 2 out of 13 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 6 recommended X as a Hold, 4 felt it is a Buy and 1 rated the stock as Underweight. United States Steel Corporation’s EPS for the current quarter is expected to be $2.9.
United States Steel Corporation (NYSE:X) trade information
Instantly X is in green as seen in intraday trades today. With action -20.76%, the performance over the past five days has been red. The jump to weekly highs of 26.99 on Friday, 06/18/21 added 2.18% to the stock’s daily price. The company’s shares are showing year-to-date upside of 35.42%, with the 5-day performance at -20.76% in the red. However, in the 30-day time frame, United States Steel Corporation (NYSE:X) is -6.62% down. Looking at the short shares, we see there were 39.33 million shares sold at short interest cover period of 1.49 days.
The consensus price target for the stock as assigned by Wall Street analysts is $30.38, meaning bulls need an upside of 23.63% from its recent market value. According to analyst projections, X’s forecast low is $16.00 with $41.00 as the target high. To hit the forecast high, the stock’s price needs a -76.72% plunge from its current level, while the stock would need to tank 31.03% for it to hit the projected low.
United States Steel Corporation (X) estimates and forecasts
Data shows that the United States Steel Corporation share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 23.63% over the past 6 months, a 305.14% in annual growth rate that is considerably higher than the industry average of 1.20%. Moreover, analysts have looked to higher expectations by upgrading its fiscal year 2021 revenue estimates. The rating firms predict current quarter revenue for United States Steel Corporation will rise 208.60%, while the growth in revenue is estimated to hit 377.70% for the next quarter. Year-over-year growth is forecast to reach 79.20% up from the last financial year.
Consensus estimates given by 8 financial analysts project the company’s revenue in the current quarter to hit an average of $4.61 billion. 7 analysts are of the opinion that United States Steel Corporation’s revenue for the quarter ending Sep 2021 will be $4.82 billion. The company’s revenue for the corresponding quarters a year ago was $2.09 billion and $2.22 billion respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 120.40%. The estimates for the next quarter sales put growth at 117.10%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 12.00%. The 2021 estimates are for United States Steel Corporation earnings to decrease by -61.10%, but the outlook for the next 5-year period is at 8.00% per year.
United States Steel Corporation is expected to release its next quarterly earnings report in July. The 0.18% annual yield figure for the share gives it an annual dividend of 0.04. It is important to note, however, that the 0.18% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision. During the past 5 years, the average dividend yield was 0.97 per year.
United States Steel Corporation (NYSE:X)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 1.03% of United States Steel Corporation shares while 67.26% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 67.96%. There are 67.26% institutions holding the United States Steel Corporation stock share, with Blackrock Inc. the top institutional holder. As of Mar 30, 2021, the company held 13.10% of the shares, roughly 35.33 million X shares worth $924.46 million.
Vanguard Group, Inc. (The) holds the second largest percentage of outstanding shares, with 8.45% or 22.78 million shares worth $596.27 million as of Mar 30, 2021.
Among Mutual Funds, the top two as of Mar 30, 2021 were iShares Core S&P Midcap ETF and Vanguard Total Stock Market Index Fund. With 7.08 million shares estimated at $185.36 million under it, the former controlled 2.63% of total outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held about 2.48% of the shares, roughly 6.68 million shares worth around $174.76 million.