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Tuesday, December 5, 2023

The Street Is Finally Waking Up To United States Steel Corp. (NYSE: X)

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for United States Steel Corp. (X) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.07, or 0.21%, to $34.05. The United States Steel Corp. has recorded 137,759 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted U. S. Steel Pioneers Battery-Powered Locomotives, Reinforces Commitment to Sustainability and Community.

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Stocks Info

This NYSE-listed company operates within the Steel industry segment, falling under the Basic Materials sector. At the end of the last regular session, the stock closed at $33.98 and fluctuated between $34.29 as its day high and $33.95 as its day low. The current market capitalization of United States Steel Corp. is $7.58B. A total of 3.04 million shares were traded on the day, compared to an average of 9.04M shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, X has seen 2 BUY and 7 SELL insider trades, representing the acquisition of 17,240 and the disposition of 111,665 shares. Over the last 12 months, there were 47 BUYs and 46 SELLs from insiders. Insiders purchased 746,315 shares during that period but sold 590,816.

In the most recent transaction, Brown Daniel R sold 4,860 shares of X for 33.00 per share on Oct 02. After the transaction, the SVP Adv. Tech. Steelmaking now owns 96,968 company shares. In a previous transaction on Sep 05, Buckiso Scott D sold 8,970 shares at 31.16 per share. X shares that SVP & Chief Mfg Officer – NAFR owns now total 106,854.

Among the insiders who sold shares, Jaycox Kenneth E disposed of 10,756 shares on Aug 30 at a per-share price of $30.75. This resulted in the SVP & Chief Comm. Officer holding 85,480 shares of X after the transaction. In another insider transaction, Bruno James E. sold 58,812 shares at $32.00 per share on Aug 14. Company shares held by the Sr. VP – European Solutions now total 56,548.


The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. United States Steel Corp. pays an annual dividend of $0.20, resulting in a dividend yield of 0.59%, and it has a price to earnings (P/E) ratio of 7.46. X’s most recent ex-dividend date was 11/3/2023 when it declared a $0.05 quarterly dividend that was paid in cash on 12/7/2023. Previously, the company paid the dividend on 9/7/2023 with an ex-dividend date of 8/4/2023. The X stock dividend was $0.05 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for X in the last 3 months, the mean price target is $32.00 with high estimates of $40.00 and low estimates of $25.00. In terms of 52-week highs and lows, X has a high of $35.76 and a low of $20.40.

As of this writing, X has an earnings estimate of $1.15 per share for the current quarter. EPS was calculated based on a consensus of 5 estimates, with a high estimate of $1.2 per share and a lower estimate of $1.12. The company reported an EPS of $0.77 in the last quarter, which was 20.30% higher than expectations of $0.64.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. X’s latest balance sheet shows that the firm has $2.52B in Cash & Short Term Investments as of fiscal 2021. There were $4.03B in debt and $3.85B in liabilities at the time. Its Book Value Per Share was $49.34, while its Total Shareholder’s Equity was $9.10B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for X is Buy with a score of 2.78.

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