Momentum Is Strong For 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.

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Stocks Info

This NYSE-listed company operates within the Steel industry segment, falling under the Basic Materials sector. The current market capitalization of United States Steel Corp. is $9.16B. A total of 2.84 million shares were traded on the day, compared to an average of 2.69M 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 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 0.49%, and it has a price to earnings (P/E) ratio of 12.00. 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.

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. In terms of 52-week highs and lows, X has a high of $50.20 and a low of $22.26.

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 $4.08B 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

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 3.67.

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