United States Steel Corporation (NYSE:X) price on Thursday, August 26, fall -1.57% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $26.88.
A look at the stock’s price movement, the level at last check in today’s session was $27.31, moving within a range at $27.21 and $28.36. The beta value (5-Year monthly) was 2.12 while the PE ratio in trailing twelve months stood at 8.98. Turning to its 52-week performance, $30.57 and $6.85 were the 52-week high and 52-week low respectively. Overall, X moved 14.56% over the past month.
United States Steel Corporation’s market cap currently stands at around $7.46 billion, with investors looking forward to this quarter’s earnings report slated for Oct 27, 2021 – Nov 01, 2021. The company has a Forward Dividend ratio of 0.04, with its dividend yield at 0.15%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report. Analysts project the company’s earnings per share (EPS) to be $3.08, which has seen fiscal year 2021 EPS growth forecast to increase to $12.73 and about $4.95 for fiscal year 2022. Per the data, EPS growth is expected to be 372.60% for 2021 and -61.10% for the next financial year.
Analysts have a consensus estimate of $4.63 billion for the company’s revenue for the quarter, with a low and high estimate of $4.35 billion and $5.01 billion respectively. The average forecast suggests up to a 121.30% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue for 2021 to grow to $19.36 billion, representing a 98.70% jump on that reported in the last financial year.
Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was 1 upward and no downward review(s). Turning to the stock’s technical picture we see that short term indicators suggest on average that X is a 100% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
The technical evaluation for the stock shows the PEG ratio is 1.12, with X’s current price about -1.10% and 7.70% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 51.39, while 7-day volatility ratio is 4.50% and 5.21% in the 30-day chart. Further, United States Steel Corporation (X) has a beta value of 2.12, and an average true range (ATR) of 1.39.
In the market, a comparison of United States Steel Corporation (X) and its peers suggest the former has performed considerably weaker. Data shows X’s intraday price has changed -1.57% today and 249.23% over the past year. Comparatively, Steel Dynamics Inc. (STLD) has moved -0.94% so far today and only 136.26% in the past 12 months. Looking at another peer, we see that Worthington Industries Inc. (WOR) price has dipped -1.05% on the day. However, the stock is 37.65% off its price today a year ago. Moreover, POSCO (PKX) is also down -1.56% in today’s trading while keeping a an uptrend of 65.25% over the past year. If we look at the PE ratio, we find that United States Steel Corporation’s ratio stands at 8.98 compared to Steel Dynamics Inc.’s 10.51 and Worthington Industries Inc.’s 4.46. Elsewhere, the overall performance for the S&P 500 and Dow Jones Industrial shows that the indexes are down -0.35% and -0.15% respectively on the day as seen in early trades.
If we refocus on United States Steel Corporation (NYSE:X), historical trading data shows that trading volumes averaged 21.63 million over the past 3 months. The company’s latest data on shares outstanding shows there are 269.87 million shares.
The 0.60% of United States Steel Corporation’s shares are in the hands of company insiders while institutional holders own 68.70% of the company’s shares. Current price change has pushed the stock 62.85% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the X stock continues to rise going into the next quarter.