United States Steel Corp (NYSE:X) price closed higher on current market day and jumping 1.41% above its previous close.
A look at the daily price movement shows that the last close reads $53.14. The company’s P/E ratio in the trailing 12-month period read 182.93. Taking into account the 52-week price action we note that the stock hit a 52-week high of $54.24 and 52-week low of $26.92. The stock added 27.01% on its value in the past month.
United States Steel Corp, which has a market valuation of $12.20 billion, is expected to release its quarterly earnings report in July. The company stock has a Forward Dividend ratio of 0.20, while the dividend yield is 0.37%. It is understandable that investor optimism is growing ahead of the company’s current quarter results.
Technical indicators in stocks provide crucial insights into market trends, guiding investors with precise entry and exit points based on price movements for informed decision-making.
Here is a look at the average analyst rating for the stock as represented on a scale of 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock is strong buy or strong sell respectively. Specifically, 8 analysts have assigned X a recommendation rating as follows: 0 rate it as a Hold; 6 advise Buy while 1 analyst(s) assign an Overweight rating. 0 analyst(s) have tagged the United States Steel Corp (X) stock as Underweight, with 1 recommending Sell. In general, analysts have rated the stock Buy, a scenario likely to bolster investors out for an opportunity to add to their holdings of the company’s shares.
If we dive deeper into the stock’s performance we see the positive picture represented by the PEG ratio, currently standing at 10.03. The overview shows that X’s price is at present 10.82% off the SMA20 and 20.65% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 73.41, with weekly volatility standing at 1.30%. The indicator jumps to 4.45% when calculated based on the past 30 days. United States Steel Corp (NYSE:X)’s beta value is holding at 1.88, while the average true range (ATR) indicator is currently reading 1.54. Considering analysts have assigned the stock a price target range of $43-$43 as the low and high respectively, we find the trailing 12-month average consensus price target to be $43. Based on this estimate, we see that current price is roughly 20.21% off the estimated low and 20.21% off the forecast high. Investors will no doubt be excited to see the share price rise to $43, which is the median consensus price, and at that level X would be 20.21% from current price.
An analysis of the United States Steel Corp (NYSE:X) stock in terms of its daily trading volume indicates that the 3-month average is 8.44 million.
Current records show that the company has 226.42M in outstanding shares. The insiders’ percentage holdings are 1.70% of outstanding shares while the percentage share held by institutions stands at 97.13%. But the 58.55% upside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
