United States Steel Corp (NYSE:X) shares, rose in value on Thursday, January 02, with the stock price down by -4.09% to the previous day’s close as strong demand from buyers drove the stock to $32.60.
Actively observing the price movement in the last trading, the stock closed the session at $33.99, falling within a range of $32.4 and $34.37. The value of beta (5-year monthly) was 1.861 whereas the PE ratio was 21.32 over 12-month period. Referring to stock’s 52-week performance, its high was $48.85, and the low was $26.92. On the whole, X has fluctuated by -20.39% over the past month.
With the market capitalization of United States Steel Corp currently standing at about $7.34 billion, investors are eagerly awaiting this quarter’s results, scheduled for in February. The company’s Forward Dividend Ratio is 0.20, with its dividend yield at 0.61%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 15.62B, with a low estimate of 2.97B and a high estimate of 3.82B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 3.43B.
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 100% Sell 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 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 2.67, with the price of X currently trading nearly -3.09% and -11.92% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 43.99, while the 7-day volatility ratio is showing 5.87% which for the 30-day chart, stands at 5.79%. Furthermore, United States Steel Corp (X)’s beta value is 1.88, and its average true range (ATR) is 1.90.
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 -4.09% in last session, and over the past year, it shrunk by -32.03%%.
Data on historical trading for United States Steel Corp (NYSE:X) indicates that the trading volumes over the past 10 days have averaged 6.61 and over the past 3 months, they’ve averaged 4.85 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 86.82% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 17.58 million shares as on 2024-12-13, resulting in a short ratio of 2.68. According to the data, the short interest in United States Steel Corp (X) stood at 787.00 of shares outstanding as of 2024-12-13; the number of short shares registered in 2024-11-15 reached 17.47 million. The stock has fallen by -4.09% 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.
