United States Steel Corp (NYSE:X) has a beta value of 1.86 and has seen 0.68 million shares traded in the recent trading session. The company, currently valued at $7.19B, closed the recent trade at $31.91 per share which meant it lost -$0.03 on the day or -0.09% during that session. The X stock price is -57.32% off its 52-week high price of $50.20 and 15.64% above the 52-week low of $26.92. If we look at the company’s 10-day average daily trading volume, we find that it stood at 6.75 million shares traded. The 3-month trading volume is 4.82 million shares.
The consensus among analysts is that United States Steel Corp (X) is Buy stock at the moment, with a recommendation rating of 1.60. 1 analysts rate the stock as a Sell, while 1 rate it as Overweight. 0 out of 8 have rated it as a Hold, with 6 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.24.
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United States Steel Corp (NYSE:X) trade information
Sporting -0.09% in the red today, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the X stock price touched $31.91 or saw a rise of 9.58%. Year-to-date, United States Steel Corp shares have moved -34.41%, while the 5-day performance has seen it change -8.65%. Over the past 30 days, the shares of United States Steel Corp (NYSE:X) have changed -16.05%. Short interest in the company has seen 18.08 million shares shorted with days to cover at 3.28.
Wall Street analysts have a consensus price target for the stock at $41, which means that the shares’ value could jump 22.17% from the levels at last check today. The projected low price target is $38.57 while the price target rests at a high of $49.0. In that case, then, we find that the latest price level in today’s session is -53.56% off the targeted high while a plunge would see the stock gain -20.87% from the levels at last check today.
United States Steel Corp (X) estimates and forecasts
Figures show that United States Steel Corp shares have underperformed across the wider relevant industry. The company’s shares have lost -13.80% over the past 6 months, with this year growth rate of -50.53%, compared to -33.10% for the industry. Revenue growth from the last financial year stood is estimated to be -12.57%.
3 analysts offering their estimates for the company have set an average revenue estimate of 3.56B for the current quarter. 1 have an estimated revenue figure of 3.91B for the next ending quarter. Year-ago sales stood 4.14B and 4.16B respectively for this quarter and the next, and analysts expect sales will shrink by -14.12% for the current quarter and -12.57% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -10.66% over the past 5 years. Earnings growth for 2024 is a modest -51.10% while over the next 5 years, the company’s earnings are expected to increase by 8.00%.
X Dividends
United States Steel Corp is expected to release its next earnings report in January this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.20 at a share yield of 0.63%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 0.73%.
United States Steel Corp (NYSE:X)’s Major holders
Insiders own 1.50% of the company shares, while shares held by institutions stand at 88.32% with a share float percentage of 89.66%. Investors are also buoyed by the number of investors in a company, with United States Steel Corp having a total of 624.0 institutions that hold shares in the company. The top two institutional holders are BLACKROCK INC. with over 23.41 million shares worth more than $885.07 million. As of 2024-06-30, BLACKROCK INC. held 10.4483% of shares outstanding.
The other major institutional holder is VANGUARD GROUP INC, with the holding of over 20.44 million shares as of 2024-06-30. The firm’s total holdings are worth over $772.59 million and represent 9.1205% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are iShares Core S&P Midcap ETF and Vanguard Total Stock Market Index Fund. As of Oct 31, 2024, the former fund manager holds about 3.13% shares in the company for having 7.04 shares of worth $222.8 million while later fund manager owns 6.41 shares of worth $202.6 million as of Sep 30, 2024, which makes it owner of about 2.84% of company’s outstanding stock.
