United States Steel Corp (NYSE:X) shares, rose in value on Thursday, February 13, with the stock price up by 0.70% to the previous day’s close as strong demand from buyers drove the stock to $38.82.
Actively observing the price movement in the last trading, the stock closed the session at $38.55. The PE ratio was 26.02 over 12-month period. Referring to stock’s 52-week performance, its high was $48.12, and the low was $26.92. On the whole, X has fluctuated by 6.39% over the past month.
With the market capitalization of United States Steel Corp currently standing at about $8.74 billion, investors are eagerly awaiting this quarter’s results, scheduled for in March. The company’s Forward Dividend Ratio is 0.20, with its dividend yield at 0.52%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 16.24B, with a low estimate of 3.18B and a high estimate of 3.67B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 3.5B.
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% 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 50% Buy.
The stock’s technical analysis shows that the PEG ratio is about 1.80, with the price of X currently trading nearly 4.05% and 9.62% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 59.04, while the 7-day volatility ratio is showing 6.23% which for the 30-day chart, stands at 3.81%. Furthermore, United States Steel Corp (X)’s beta value is 1.88, and its average true range (ATR) is 1.64.
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 0.70% in last session, and over the past year, it shrunk by -15.07%%.
Data on historical trading for United States Steel Corp (NYSE:X) indicates that the trading volumes over the past 3 months, they’ve averaged 7.45 million. According to company’s latest data on outstanding shares, there are 225.18 million shares outstanding.
Nearly 1.28% of United States Steel Corp’s shares belong to company insiders and institutional investors own 86.59% of the company’s shares. The stock has risen by 14.21% 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.
