Is United States Steel Corp. (NYSE: X) The Best Stock To Invest In?

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility.

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Stocks Info

United States Steel Corp. is listed on the NYSE in the Basic Materials sector while operating in the Steel industry. The current market capitalization of United States Steel Corp. is $8.55B. A total of 1.1 million shares were traded on the day, compared to an average of 4.14M 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

The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. United States Steel Corp. pays an annual dividend of $0.20, resulting in a dividend yield of 0.53%, and it has a price to earnings (P/E) ratio of 11.20. X’s most recent ex-dividend date was 5/10/2024 when it declared a $0.05 quarterly dividend that was paid in cash on 6/12/2024. Previously, the company paid the dividend on 3/13/2024 with an ex-dividend date of 2/9/2024. The X stock dividend was $0.05 per share in cash.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. In terms of 52-week highs and lows, X has a high of $50.20 and a low of $20.40.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future 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 $49.81, while its Total Shareholder’s Equity was $9.10B.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. 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 3.00.

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