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How to Buy United States Steel Stock

United States Steel Corp

United States Steel is a steel company located in Pennsylvania, United States, which is part of the Basic Materials sector, and is traded under the ticker X on the NYSE exchange.

United States Steel stock last closed at $38.10, down 0.21% from the previous day, and has increased 54.19% in one year. It has overperformed other stocks in the Steel industry by 0.56 percentage points. United States Steel stock is currently +71.15% from its 52-week low of $22.26, and -24.1% from its 52-week high of $50.20.

At the moment, there are 224.85M shares of X outstanding. The market cap of X is $8.57B. In the past 24 hours, 1.55M X shares were traded.

How to Buy United States Steel Stock

Not sure how to invest in United States Steel stock? Here's how.
  1. Choose where to buy United States Steel stock: You need to pick an online brokerage, but don't worry - we've tested dozens of stock brokerages and apps to help you choose where to buy United States Steel stock.
  2. Create your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
  3. Fund your investment account: Select your method of payment and add your info.
  4. Evaluate United States Steel stock: The United States Steel ticker symbol is X. Is United States Steel stock a good investment? Should you buy shares of X? How do X's underlying business fundamentals look? Do top analysts think United States Steel is a good buy? Why has X's stock price moved recently? (Hint: Our stock analysis website can help you decide if X is a good stock to buy).
  5. Place your X buy order: Decide if you will purchase X shares at the current market price or use a limit order to buy X stock at a specific price.
  6. Track your investment in X: Create a watchlist to keep tabs on your position in United States Steel stock.

Step 1: Choose where to buy United States Steel stock

You need a brokerage account to access the NYSE market and buy X stock.

A brokerage account allows you to buy and sell a number of investments, including stocks, bonds, mutual funds, and ETFs.

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Step 2: Create your brokerage account

Now that you've selected the best brokerage, it's time to fill out some personal info so you can buy X stock today.

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Step 3: Fund your investment account

Now that you've filled out your info on the best stock market app for beginners, you need to deposit funds:

Check out the walkthrough below for more details depositing funds into your brokerage account.

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Step 4: Evaluate United States Steel stock

After you have identified the best place to buy United States Steel stock, it's important to analyze their stock before you buy, so you can understand the risk and opportunity.

Overview of key X info

X Price
$38.10
1w %
-1.19%
1y %
54.19%
5y %
147.72%
P/E
9.84x
P/B
0.76x
P/S
0.48x
PEG
N/A
Revenue
$17.74B
Earnings
$867.00M
Fore. Rev. Growth
0.09%
Fore. Earn. Growth
-2.43%
Market Cap
$8.57B
Next Earnings
Aug 1, 2024
Next Dividend
N/A

X Due Diligence Checks

WallStreetZen was designed to help everyday investors perform better fundamental analysis in less time.

You can view all of the due diligence checks on X's stock page.

Is X stock overvalued?

Analysts use a variety of different financial metrics, analyses, models, and charts to gauge X's true value.

Using relative valuations measures:

  • X may be undervalued based on its P/E ratio of 9.84x, relative to Steel industry P/E ratio of 11.62x
  • X could be undervalued based on its P/B ratio of 0.76x, relative to Steel industry P/B ratio of 0.91x

You can access more valuation analysis on X's stock here.

X Financial Overview

Passed Health Checks:

  • There are more short-term assets than short-term liabilities on the X balance sheet.
  • There are more short-term assets than long-term liabilities on the X balance sheet.
  • Total X debt is lower than 5 years ago, relative to shareholder equity.
  • X has cash burn of 579000000. It has enough cash and short-term investments to cover this for at least one year.

Failed Health Checks:

  • X has a relatively high debt to equity ratio of 0.82.
  • X profit margin has gone down from 9.1% to 4.9% in the past year.
  • X has $2.22B in cash and short term investments. This is not enough to cover its annual cash burn of $579.00M.

Is United States Steel stock a Buy, Hold, or Sell, according to Wall Street analysts?

Out of 4 Equities analysts who track X, the consensus analyst rating on United States Steel is a Strong Buy

Please note that analyst ratings are not stock recommendations, nor are they investment advice.

You can dive deeper into what analysts are forecasting on the United States Steel stock forecast page.

X Technicals

SMA10
38.4
SMA20
38.05
SMA50
37.62
SMA100
39.34
SMA200
39.99
MACD
0.18
MACD Signal
0.24
MACD Histogram
-0.06
RSI
50.52
Stochastic %K
26.41
Stochastic %D
35.8
StochRSI %K
11.31
StochRSI %D
14.34

Is X Making Money?

Last year, X earnings were $867.00M. Over the past 5 year, X's earnings have increased by -9.88% per year. This was slower than the Steel industry average of 6.4%.

Last year, X revenue was $17.74B. Over the past five year, X's revenue has grown by 4.08% per year. This was slower than the Steel industry average of 6.79%.

You can analyze X's earnings and revenue performance here.

Who is buying/selling X?

Over the last year, executives and large shareholders at X have sold more shares than they have bought.

Alicia J. Davis, Director of X, was the latest X insider to sell. They sold $2,580.20 worth of X stock on Apr 25, 2024.

Get more info about who owns X shares here.

Does X provide a stable income stream?

United States Steel pays a dividend of 0.52%, compared to the Steel industry's average dividend yield of 2.93%. If you owned $1,000 of X stock, you would have been paid $5.25 last year.

United States Steel dividend payments have not consistently grown over the past decade and have not remained stable.

Get more info about United States Steel dividend yield and history here.

What others are saying about X

One of the biggest reasons eToro is our favorite brokerage is because of its social trading community.

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Step 5: Place your X buy order

You have two main types of orders:

  • Market order: A market order is an order to buy or sell a security at the best available price.
    Market orders are usually sufficient.
  • Limit order: A limit order allows you to buy or sell a security at a specific price (or better).
    If you want to be sure you're buying or selling at a particular price limit, use a limit order.

Hit the Open button and your broker will execute your order.

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Step 6: Track your investment in X

Now that you own some X stock, you'll want to stay up-to-date on your investment.

Put X on a watchlist to track the most important metrics related to your X stock.

X Feed

How to Buy Stock in United States Steel

To summarize, here are the 6 steps you need to take to buy United States Steel stock right now:

  1. Choose where to buy United States Steel stock
  2. Create your brokerage account
  3. Fund your investment account
  4. Evaluate United States Steel stock
  5. Place your X buy order
  6. Track your investment in X

If you are looking for a place to buy stocks, eToro is our favorite option.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you would like to get updates on your investment in United States Steel, hit the button below to create your watchlist.

NYSE: X
$38.10-0.08 (-0.21%)
Updated Jul 22, 2024
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NYSE: X
$38.10-0.08 (-0.21%)
Updated Jul 22, 2024
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FAQ

How much does it cost to buy one United States Steel share?

As of Jul 22, 2024, it costs $38.10 to buy one share of United States Steel stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $10, you can buy 0.262 shares of X.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy United States Steel stock?

According to 4 Wall Street analysts who monitor United States Steel, their consensus recommendation is to buy United States Steel stock.

What is the best way to buy United States Steel stock?

One way to place an order for United States Steel stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.