United States Steel Corp (NYSE:X) shares, rose in value on Friday, November 01, with the stock price up by 1.29% to the previous day’s close as strong demand from buyers drove the stock to $39.35.
Actively observing the price movement in the recent trading, the stock is buoying the session at $38.85, falling within a range of $38.57 and $39.52. The PE ratio was 17.55 over 12-month period. Referring to stock’s 52-week performance, its high was $50.20, and the low was $26.92. On the whole, X has fluctuated by 12.65% over the past month.
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With the market capitalization of United States Steel Corp currently standing at about $8.85 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Jan-30. The company’s Forward Dividend Ratio is 0.20, with its dividend yield at 0.51%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 15.81B, with a low estimate of 3.14B and a high estimate of 4.22B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 3.78B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that X’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a Hold.
The stock’s technical analysis shows that the PEG ratio is about 2.19, with the price of X currently trading nearly 4.02% and 7.75% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 60.25, while the 7-day volatility ratio is showing 3.19% which for the 30-day chart, stands at 2.29%. Furthermore, United States Steel Corp (X)’s beta value is 1.86, and its average true range (ATR) is 1.11.
A comparison of United States Steel Corp (X) with its peers suggests the former has fared considerably weaker in the market. X showed an intraday change of 1.29% in today’s session so far, and over the past year, it grew by 14.89%%.
Data on historical trading for United States Steel Corp (NYSE:X) indicates that the trading volumes over the past 10 days have averaged 2.88 and over the past 3 months, they’ve averaged 5.64 million. According to company’s latest data on outstanding shares, there are 223.67 million shares outstanding.
Nearly 1.26% of United States Steel Corp’s shares belong to company insiders and institutional investors own 88.85% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 16.74 million shares as on 2024-10-15, resulting in a short ratio of 4.19. According to the data, the short interest in United States Steel Corp (X) stood at 750.00 of shares outstanding as of 2024-10-15; the number of short shares registered in 2024-09-13 reached 23.48 million. The stock has fallen by -19.12% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the X stock heading into the next quarter.
