Searching For Real Value In Market Debris At United States Steel Corp. (NYSE: X)

After Hours

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. Yahoo Finance discussed the stock recently as it posted Leading Independent Proxy Advisory Firms ISS and Glass Lewis Recommend U. S. Steel Shareholders Vote “FOR” the Pending Transaction with Nippon Steel Corporation (NSC).

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Stocks Info

As a NYSE listed company, X falls under the Basic Materials sector while operating within the Steel industry segment. The current market capitalization of United States Steel Corp. is $9.26B. A total of 4.71 million shares were traded on the day, compared to an average of 5.05M shares.

In the most recent transaction, BURRITT DAVID B sold 252,458 shares of X for 50.01 per share on Dec 18 ’23. After the transaction, the Pres. & CEO now owns 581,609 company shares. In a previous transaction on Dec 18 ’23, 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 ’23 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 ’23. Company shares held by the SVP Adv. Tech. Steelmaking now total 96,968.

Dividend

Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. United States Steel Corp. pays an annual dividend of $0.20, resulting in a dividend yield of 0.48%, and it has a price to earnings (P/E) ratio of 11.88. 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.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. 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 $0.77 per share for the current quarter. EPS was calculated based on a consensus of 5 estimates, with a high estimate of $0.98 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

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. X’s latest balance sheet shows that the firm has $2.52B in Cash & Short Term Investments as of fiscal 2021. There were $4.08B 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

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 2.70.

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