United States Steel Corp. [NYSE: X] surged by $0.3 during the normal trading session on while it closed the day at $37.12.
United States Steel Corp. stock has also gained 2.65% of its value over the past 7 days. However, X stock has declined by -21.87% in the 3 months of the year. Over the past six months meanwhile, it has gained 6.61% and lost -23.70% year-on date.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The market cap for X stock reached $8.35 billion, with 223.67 million shares outstanding and 221.31 million shares in the current float. Compared to the average trading volume of 4.09M shares, X reached a trading volume of 3336390 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about United States Steel Corp. [X]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for X shares is $44.67 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on X stock is a recommendation set at 2.36. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Jefferies have made an estimate for United States Steel Corp. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on May 20, 2024. While these analysts kept the previous recommendation, Morgan Stanley dropped their target price from $51 to $48. The new note on the price target was released on May 06, 2024, representing the official price target for United States Steel Corp. stock. Previously, the target price had yet another raise to $46, while Wolfe Research analysts kept a Outperform rating on X stock. On February 15, 2024, analysts increased their price target for X shares from 40 to 51.
The Average True Range (ATR) for United States Steel Corp. is set at 0.87, with the Price to Sales ratio for X stock in the period of the last 12 months amounting to 0.47. The Price to Book ratio for the last quarter was 0.75, with the Price to Cash per share for the same quarter was set at 9.92.
X stock trade performance evaluation
United States Steel Corp. [X] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 2.65. With this latest performance, X shares gained by 0.43% in over the last four-week period, additionally plugging by 6.61% over the last 6 months – not to mention a rise of 70.98% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for X stock in for the last two-week period is set at 46.19, with the RSI for the last a single of trading hit 50.91, and the three-weeks RSI is set at 43.77 for United States Steel Corp. [X]. The present Moving Average for the last 50 days of trading for this stock 38.82, while it was recorded at 36.40 for the last single week of trading, and 38.79 for the last 200 days.
United States Steel Corp. [X]: An insightful look at the core fundamentals
United States Steel Corp.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.14 and a Current Ratio set at 1.71.
Earnings per share (EPS) analysis for United States Steel Corp. [X] stock
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for X. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for United States Steel Corp. go to 8.00%.
United States Steel Corp. [X]: Institutional Ownership
The top three institutional holders of X stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in X stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in X stock with ownership which is approximately 5.8386%.