Are Things Looking Up For United States Steel Corp. (NYSE: X)?

After Hours

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. Yahoo Finance discussed the stock recently as it posted United States Steel Corporation Publishes Video Highlighting Fourth Quarter and Full-Year 2023 Results.

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Stocks Info

The company is listed on the NYSE and operates within the Steel industry segment. At the end of the last regular session, the stock closed at $47.38 and fluctuated between $47.69 as its day high and $47.35 as its day low. The current market capitalization of United States Steel Corp. is $10.60B. A total of 2.14 million shares were traded on the day, compared to an average of 6.88M shares.

Insider Activity

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, X has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 45 BUYs and 19 SELLs from insiders. Insiders purchased 735,061 shares during that period but sold 378,291.

In the most recent transaction, BURRITT DAVID B sold 252,458 shares of X for 50.01 per share on Dec 18. After the transaction, the Pres. & CEO now owns 581,609 company shares. In a previous transaction on Dec 18, Brown Daniel R sold 5,000 shares at 49.77 per share. X shares that SVP Adv. Tech. Steelmaking owns now total 86,968.

Among the insiders who sold shares, Brown Daniel R disposed of 5,000 shares on Nov 24 at a per-share price of $35.00. This resulted in the SVP Adv. Tech. Steelmaking holding 91,968 shares of X after the transaction. In another insider transaction, Brown Daniel R sold 4,860 shares at $33.00 per share on Oct 02. Company shares held by the SVP Adv. Tech. Steelmaking now total 96,968.

Dividend

The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. United States Steel Corp. pays an annual dividend of $0.20, resulting in a dividend yield of 0.42%, and it has a price to earnings (P/E) ratio of 13.60. X’s most recent ex-dividend date was 2/9/2024 when it declared a $0.05 quarterly dividend that was paid in cash on 3/13/2024. Previously, the company paid the dividend on 12/7/2023 with an ex-dividend date of 11/3/2023. The X stock dividend was $0.05 per share in cash.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for X in the last 3 months, the mean price target is $46.50 with high estimates of $55.00 and low estimates of $33.00. In terms of 52-week highs and lows, X has a high of $50.20 and a low of $20.40.

As of this writing, X has an earnings estimate of $0.93 per share for the current quarter. EPS was calculated based on a consensus of 4 estimates, with a high estimate of $1.28 per share and a lower estimate of $0.6. The company reported an EPS of $1.4 in the last quarter, which was 21.70% higher than expectations of $1.15.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. X’s latest balance sheet shows that the firm has $2.52B in Cash & Short Term Investments as of fiscal 2021. There were $4.08B in debt and $3.85B in liabilities at the time. Its Book Value Per Share was $49.39, while its Total Shareholder’s Equity was $9.10B.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. 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 2.70.

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