On Tuesday, United States Steel Corp. (NYSE: X) opened lower -1.27% from the last session, before settling in for the closing price of $40.82. Price fluctuations for X have ranged from $20.40 to $50.20 over the past 52 weeks.
Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.
Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here.
Sponsored
A company in the Basic Materials sector has jumped its sales by 13.03% annually for the last half of the decade. Company’s average yearly earnings per share was noted -30.56% at the time writing. With a float of $221.34 million, this company’s outstanding shares have now reached $223.67 million.
In an organization with 21803 employees, it is important to assess its efficiency.
United States Steel Corp. (X) Insider Updates
A key investor’s attitude towards the stock of the Steel industry is another important factor to consider. The insider ownership of United States Steel Corp. is 1.55%, while institutional ownership is 82.25%. The most recent insider transaction that took place on Dec 18 ’23, was worth 12,626,182. In this transaction Pres. & CEO of this company sold 252,458 shares at a rate of $50.01, taking the stock ownership to the 581,609 shares. Before that another transaction happened on Dec 18 ’23, when Company’s SVP Adv. Tech. Steelmaking sold 5,000 for $49.77, making the entire transaction worth $248,850. This insider now owns 86,968 shares in total.
United States Steel Corp. (X) Performance Highlights and Predictions
Wall Street market experts anticipate that the next fiscal year will bring earnings of 21,249.26 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -30.56% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 8.00% during the next five years compared to -10.66% drop over the previous five years of trading.
United States Steel Corp. (NYSE: X) Trading Performance Indicators
Check out the current performance indicators for United States Steel Corp. (X). In the past quarter, the stock posted a quick ratio of 1.22. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.50.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 3.48, a number that is poised to hit 0.82 in the next quarter and is forecasted to reach 3.25 in one year’s time.
Technical Analysis of United States Steel Corp. (X)
Let’s dig in a bit further. During the last 5-days, its volume was 3.24 million. That was inferior than the volume of 4.75 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 23.70%. Additionally, its Average True Range was 1.08.
During the past 100 days, United States Steel Corp.’s (X) raw stochastic average was set at 38.96%, which indicates a significant increase from 9.25% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 26.33% in the past 14 days, which was lower than the 47.61% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $43.78, while its 200-day Moving Average is $36.85. However, in the short run, United States Steel Corp.’s stock first resistance to watch stands at $40.65. Second resistance stands at $40.99. The third major resistance level sits at $41.29. If the price goes on to break the first support level at $40.01, it is likely to go to the next support level at $39.71. Assuming the price breaks the second support level, the third support level stands at $39.37.
United States Steel Corp. (NYSE: X) Key Stats
There are currently 224,816K shares outstanding in the company with a market cap of 9.06 billion. Presently, the company’s annual sales total 18,053 M according to its annual income of 895,000 K. Last quarter, the company’s sales amounted to 4,144 M and its income totaled -80,000 K.
