In the latest trading session, 6.58 million United States Steel Corp (NYSE:X) shares changed hands as the company’s beta touched 1.85. With the company’s most recent per share price at $37.44 changed hands at -$3.51 or -8.56% at last look, the market valuation stands at $8.43B. X’s current price is a discount, trading about -34.08% off its 52-week high of $50.20. The share price had its 52-week low at $26.92, which suggests the last value was 28.1% up since then. When we look at United States Steel Corp’s average trading volume, we note the 10-day average is 5.0 million shares, with the 3-month average coming to 6.52 million.
Analysts gave the United States Steel Corp (X) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.75. If we narrow down to specifics, the data shows that 1 out of 8 analysts rate the stock as a Sell, with a further 1 assigning it an Overweight rating. Of the remaining, 0 recommended X as a Hold, 6 felt it is a Buy and 0 rated the stock as Underweight. United States Steel Corp’s EPS for the current quarter is expected to be 0.23.
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United States Steel Corp (NYSE:X) trade information
Instantly X was in red as seen in intraday trades today. With action -2.94%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -23.03%, with the 5-day performance at -2.94% in the red. However, in the 30-day time frame, United States Steel Corp (NYSE:X) is -3.07% down. Looking at the short shares, we see there were 17.47 million shares sold at short interest cover period of 4.03 days.
The consensus price target for the stock as assigned by Wall Street analysts is 37.78, meaning bulls need an upside of 0.9% from its recent market value. According to analyst projections, X’s forecast low is 22 with 49 as the target high. To hit the forecast high, the stock’s price needs a -30.88% plunge from its current level, while the stock would need to tank 41.24% for it to hit the projected low.
United States Steel Corp (X) estimates and forecasts
Data shows that the United States Steel Corp share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -1.69% over the past 6 months, a -49.68% in annual growth rate that is considerably lower than the industry average of -30.00%. Year-over-year growth is forecast to reach -12.56% down from the last financial year.
Consensus estimates given by 3 financial analysts project the company’s revenue in the current quarter to hit an average of 3.59B. 1 analysts are of the opinion that United States Steel Corp’s revenue for the current quarter will be 4.01B. The company’s revenue for the corresponding quarters a year ago was 4.14B and 4.16B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -13.31%. The estimates for the next quarter sales put growth at -3.67%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -10.66%. The 2024 estimates are for United States Steel Corp earnings to decrease by -50.76%, but the outlook for the next 5-year period is at 8.00% per year.
X Dividends
United States Steel Corp is expected to release its next quarterly earnings report in January. The 0.53% annual yield figure for the share gives it an annual dividend of 0.20. It is important to note, however, that the 0.53% 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 0.73 per year.
United States Steel Corp (NYSE:X)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 1.50% of United States Steel Corp shares while 88.38% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 89.73%. There are 88.38% institutions holding the United States Steel Corp stock share, with BLACKROCK INC. the top institutional holder. As of 2024-06-30, the company held 10.4483% of the shares, roughly 23.41 million X shares worth $885.07 million.
VANGUARD GROUP INC holds the second largest percentage of outstanding shares, with 9.1205% or 20.44 million shares worth $772.59 million as of 2024-06-30.
Among Mutual Funds, the top two as of Aug 31, 2024 were iShares Core S&P Midcap ETF and Vanguard Total Stock Market Index Fund. With 7.08 shares estimated at $266.74 million under it, the former controlled 3.14% of total outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held about 2.82% of the shares, roughly 6.35 shares worth around $239.42 million.
