In the latest trading session, 0.69 million shares of the United States Steel Corp. (NYSE:X) were traded, and its beta was 1.88. Most recently the company’s share price was $36.42, and it changed around $0.35 or 0.97% from the last close, which brings the market valuation of the company to $8.19B. X currently trades at a discount to its 52-week high of $50.20, offering almost -37.84% off that amount. The share price’s 52-week low was $26.92, which indicates that the current value has risen by an impressive 26.08% since then. We note from United States Steel Corp.’s average daily trading volume that its 10-day average is 18.25 million shares, with the 3-month average coming to 5.28 million.
United States Steel Corp. stock received a consensus recommendation rating of Buy, based on a mean score of 1.75. If we narrow it down even further, the data shows that 1 out of 15 analysts rate the stock as a Sell; another 3 rate it as Overweight. Among the rest, 5 recommended X as a Hold, whereas 5 deemed it a Buy, and 1 rated it as Underweight. United States Steel Corp. is expected to report earnings per share of 0.39 for the current quarter.
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United States Steel Corp. (NYSE:X) trade information
Instantly X has showed a green trend with a performance of 0.97% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 38.26 on recent trading dayincreased the stock’s daily price by 4.81%. The company’s shares are currently down -25.14% year-to-date, but still up 10.97% over the last five days. On the other hand, United States Steel Corp. (NYSE:X) is -12.72% down in the 30-day period. We can see from the shorts that 19.7 million shares have been sold at a short interest cover period of 6.64 day(s).
The consensus price target as assigned by Wall Street analysts is $37.78, which translates to bulls needing to increase their stock price by 3.6% from its current value. Analyst projections state that X is forecast to be at a low of $22 and a high of $48.
United States Steel Corp. (X) estimates and forecasts
United States Steel Corp. share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -6.25 percent over the past six months and at a -50.95% annual growth rate that is well below the industry average of -29.50%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -72.10% in revenue this quarter, and will report a decrease of -50.70% in the next quarter. The year-over-year growth rate is expected to be -11.80%, down from the previous year.
Consensus estimates provided by 6 financial analysts predict the company will bring in an average of 3.78B in revenue for the current quarter. 5 analysts expect United States Steel Corp. to make 3.89B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 4.43B and 4.14B respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -14.60%. Forecasts for the next quarter put sales growth at -6.20%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -10.66%. United States Steel Corp. earnings are expected to increase by -52.91% in 2024, but the outlook is positive 8.00% per year for the next five years.
X Dividends
United States Steel Corp.’s next quarterly earnings report is expected to be released on 2024-Oct-24. The annual dividend yield of the stock is 0.55 percent and its annual dividend per share was 0.20. It is important to note, however, that the 0.55% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 0.78 per year.
United States Steel Corp. (NYSE:X)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 1.50% of United States Steel Corp. shares, and 89.78% of them are in the hands of institutional investors. The stock currently has a share float of 91.15%. United States Steel Corp. stock is held by 618.0 institutions, with BLACKROCK INC. being the largest institutional investor. By 2024-06-30, it held 10.4483% of the shares, which is about 23.41 million shares worth $885.07 million.
VANGUARD GROUP INC, with 9.1205% or 20.44 million shares worth $772.59 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
iShares Core S&P Midcap ETF and Vanguard Total Stock Market Index Fund were the top two Mutual Funds as of Jul 31, 2024. The former held 7.02 shares worth $256.0 million, making up 3.12% of all outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held roughly 6.35 shares worth around $231.8 million, which represents about 2.82% of the total shares outstanding.
