United States Steel Corp (NYSE:X) shares, rose in value, with the stock price up by 1.22% to the previous day’s close as strong demand from buyers drove the stock to $41.03.
Actively observing the price movement in the recent trading, the stock is buoying the session at $40.53. The PE ratio was 139.26 over 12-month period. Referring to stock’s 52-week performance, its high was $46.18, and the low was $26.92. On the whole, X has fluctuated by -6.87% over the past month.
With the market capitalization of United States Steel Corp currently standing at about $9.29 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 0.20, with its dividend yield at 0.49%.
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 50% Buy on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 6.70, with the price of X currently trading nearly -2.10% and 0.17% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 46.52, while the 7-day volatility ratio is showing 3.66% which for the 30-day chart, stands at 4.06%. Furthermore, United States Steel Corp (X)’s beta value is 1.83, and its average true range (ATR) is 1.69.
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 1.22% in today’s session so far, and over the past year, it grew by 7.85%%.
Data on historical trading for United States Steel Corp (NYSE:X) indicates that the trading volumes over the past 3 months, they’ve averaged 6.40 million. According to company’s latest data on outstanding shares, there are 226.42 million shares outstanding.
Nearly 1.68% of United States Steel Corp’s shares belong to company insiders and institutional investors own 90.93% of the company’s shares. The stock has risen by 20.70% 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.
