United States Steel Corp (NYSE:X) shares, rose in value, with the stock price down by -1.90% to the previous day’s close as strong demand from buyers drove the stock to $33.37.
Actively observing the price movement in the recent trading, the stock is buoying the session at $34.02, falling within a range of $33.03 and $33.83. The value of beta (5-year monthly) is 1.861 whereas the PE ratio is 21.83 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 -11.73% over the past month.
With the market capitalization of United States Steel Corp currently standing at about $7.51 billion, investors are eagerly awaiting this quarter’s results, scheduled for in January. The company’s Forward Dividend Ratio is 0.20, with its dividend yield at 0.60%.
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% Sell on average. However, medium-term indicators have put the stock in the category of Hold while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 2.73, with the price of X currently trading nearly -12.29% and -12.62% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 33.53, while the 7-day volatility ratio is showing 9.01% which for the 30-day chart, stands at 6.37%. Furthermore, United States Steel Corp (X)’s beta value is 1.86, and its average true range (ATR) is 2.12.
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 -1.90% in today’s session so far, and over the past year, it shrunk by -13.52%%.
Data on historical trading for United States Steel Corp (NYSE:X) indicates that the trading volumes over the past 10 days have averaged 6.81 and over the past 3 months, they’ve averaged 5.05 million. According to company’s latest data on outstanding shares, there are 225.17 million shares outstanding.
Nearly 1.25% of United States Steel Corp’s shares belong to company insiders and institutional investors own 86.80% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 18.08 million shares as on 2024-11-29, resulting in a short ratio of 3.28. According to the data, the short interest in United States Steel Corp (X) stood at 809.00 of shares outstanding as of 2024-11-29; the number of short shares registered in 2024-10-31 reached 16.01 million. The stock has fallen by -31.40% 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.
