Buying United States Steel stock (NYSE: X) allows you to gain exposure to the growth potential of United States Steel, one of the leading companies in the Steel industry. The process of buying United States Steel stocks involves creating and funding a brokerage account and allocating the amount of funds to X you’re comfortable investing.
One of the most convenient ways to invest in X is to buy United States Steel stock on eToro, a leading online trading platform where users can buy, sell, and trade more than 3,000 different stocks.
United States Steel's company profile
| Name | United States Steel |
|---|---|
| Symbol | X |
| CEO | David B. Burritt |
| Country | US |
| Total Employees | 27,500 |
| Sector | Non-Energy Minerals |
| Industry | Steel |
How to buy United States Steel stock in 3 steps
In this article, we will provide a step-by-step guide on how to buy United States Steel stock, including creating an account on eToro, choosing the appropriate order type, making a purchase, and keeping track of your investment. With this information, you’ll have the right knowledge and confidence required to start investing in United States Steel (X).
- Research your United States Steel stock investment
- Set your investment budget
- Buy United States Steel stock on eToro
Let's get started!
1. Research your United States Steel stock investment
Before buying X, or any of the other stocks, it is advisable to check the company’s financials to gain a sense of how the recent business results and market trends could impact the price of the stock going forward. In addition to the financials, which can be classified as fundamental factors, you should also pay attention to the stock's technicals before even thinking of how to invest in United States Steel stocks.
United States Steel financials
You can check the most important United States Steel financials in the chart below (note that TTM stands for "trailing 12 months"):
| PE Ratio (TTM) | 25.24 |
|---|---|
| EPS (TTM) | 11.94 |
| DIV PS TTM (YIELD) | 0.0799313 |
| Outstanding Shares | 225.17M |
| Market Cap | $?8.98B |
| All-time High | $?196.00 |
United States Steel technical data
At the moment, X stock is trading above the 200-day simple moving average (SMA), which is considered a bullish signal. In addition, the price of United States Steel stock is currently above the 50-day SMA, which is a bullish indicator. Meanwhile, the Relative Strength Index (RSI), a popular market momentum indicator, is at 70.8949, which suggests that X is trading in an oversold zone. All in all, 25 technical analysis indicators signal bullish activity, and 1 signal bearish activity for the X stock.
According to the technical indicators outlined above, the price of United States Steel stock is predicted to increase by 26.82% in the next five days and hit $?48.67 on Nov 26, 2024.
On a monthly basis, United States Steel stock is expected to gain 50.47% and reach $?57.75 on Dec 21, 2024.
In the medium to long term, United States Steel stock could gaine 113.63% and trade at $?81.99 on May 20, 2025. In the next year, our stock price prediction algorithm forecasts X to gaine 115.54% and reach $?82.73 on Nov 21, 2025.
Over the next 12 months, United States Steel stock is expected to trade at a high of $?1,548.57 on Mar 14, 2050, and expected to hit a bottom of $?38.38 on Nov 22, 2024.
| Today’s X Price | $?39.88 |
|---|---|
| 5-Day X Prediction | $?48.67 |
| 1-Month X Prediction | $?57.75 |
| 6-Month X Prediction | $?81.99 |
| 1-Year X Prediction | $?82.73 |
2. Set your X investment budget
Before skipping to the section that covers how to buy United States Steel shares, you should have a clear plan and a ready-to-execute investing strategy in mind. Otherwise, you risk making emotionally-driven and sudden decisions that could have a detrimental effect on your investing performance.
How much should you invest in X?
The saying "never invest more than you are willing to lose" is a wise piece of advice for anyone considering investing their hard-earned money. Investing always carries some degree of risk, whether you're putting your money in X, some other stock, gold, or into Bitcoin and other crypto assets.
Let's take a look at how many X shares you would get if you invested at the current United States Steel stock price on eToro of $?39.88.
| Investment | Amount of X shares |
|---|---|
| $?10,000 | 250.78 |
| $?5,000.00 | 125.39 |
| $?2,500.00 | 62.70 |
| $?1,000.00 | 25.08 |
| $?500.00 | 12.54 |
| $?100.00 | 2.51 |
What’s United States Steel's stock price?
United States Steel stock is currently trading at $?39.88, up
United States Steel stock’s last price was $?39.88, whereas the previous close was $?38.38.
The price of United States Steel stock increased by
X is changing hands
According to our X historical prices data, the United States Steel stock price has decreased by
Loading...
Why should you practice portfolio diversification?
Placing all your financial resources in one venture exposes you to significant risk. If that particular asset underperforms and loses its value, you may lose your entire investment. Therefore, it's wise to spread your investments across multiple assets to reduce the risk of a single failure wiping out your entire portfolio. Diversifying your holdings is one of the best ways to mitigate risk and safeguard your capital.
Which investment strategy should you choose?
Novice investors are recommended to use a simple but proven dollar-cost averaging (DCA) investment strategy, which alleviates the stress of when to buy Apple stock and how much to spend. More experienced investors can try to time the market or engage in technical analysis and use trend lines to become more proficient at entering and exiting positions.
1. Buy United States Steel stock on eToro
The process of buying United States Steel stock on eToro is very straightforward and can be completed in just a couple of clicks. Thanks to eToro’s beginner-friendly user interface, even beginner investors shouldn’t have any problems purchasing the stock they want.
Step 1: Register an account on eToro
In order to buy United States Steel stock on eToro, you first need to register a free account. You will have to enter your preferred username, password, and email address, or signup with your Facebook or Google credentials. Next, you’ll have to provide your real name, address, and other personal information.
In addition, you’ll have to fill out various trading information, including your trading experience, how much you’re willing to invest, what’s your source of income, and more. You’ll have to complete a short quiz designed to test out your trading knowledge as well.
Your capital is at risk.
Step 2: Fund your eToro account
Next, you need to deposit funds into your eToro account. The platform supports a number of deposit options, including:
- Credit/Debit Card (Visa/MasterCard/Maestro)
- Regular Bank Transfer
- PayPal (activates after first deposit)
Users can choose between four different fiat currencies: USD, EUR, GBP, and AUD.
Step 3: Search for the stock you want to buy – United States Steel (X)
After completing the account registration process, you can proceed by searching for the stock you want to buy. Simply enter the name or ticker of the stock you want to buy in the search field at the top of the screen. Since we’re buying United States Steel stock, you can search either for "United States Steel" or the stock ticker, "X".
Step 4: Make a buy order for United States Steel stock
Decide whether to choose a Market or Limit order when buying United States Steel stock. Here’s a brief overview of each order type:
Buying X using Market Order: Market orders (called “Trade” on eToro) are used when the investor wants to buy or sell a particular stock or some other asset as quickly as possible without regard to the specific price at which the order is executed.
When a market order is placed, the investor is essentially requesting that their broker execute the trade immediately, at the best available price. This means that the order will be filled as soon as possible, regardless of the price. Market orders are commonly used by traders who need to execute a trade quickly and are willing to accept the current market price.
Buying X using Limit Order: The limit order (called "Order" on eToro) specifies the price at which the investor is willing to buy the stock.
Unlike market orders, which are executed immediately at the current market price, a limit order is executed only when the asset reaches the specified price. This allows traders to set a maximum purchase price or minimum sale price, thereby providing greater control over the trade execution. Limit orders may take longer to execute than market orders, and there is no guarantee that the order will be filled if the specified price is not reached.
How to sell United States Steel stock
The process of selling United States Steel stock is just as straightforward as buying it – you need to log in to your eToro account, find your United States Steel stock position in the portfolio, and click on the “Trade” button.
Next, you have to decide between the market sell order and the limit sell order. The main difference between the two is that with the market order, you’re selling your United States Steel stock at the current price, whereas using the limit order allows you to enter the price at which X will be sold automatically once reached.
Here’s a quick step-by-step breakdown of the United States Steel stock selling process:
- Log in to your eToro account on the eToro website or mobile app.
- Go to the "Portfolio" tab.
- Find the United States Steel stock in your portfolio and click on the "Trade" button next to it.
- Switch to the "Sell" tab.
- Choose the amount or number of shares you want to sell.
- Review the details of the sale, including the current price, market/limit order type, as well as "Stop Loss" and "Take Profit" options.
- Click on the "Set Order" button to execute your sell order.
Once you sell your United States Steel stock, the corresponding amount of fiat currency will be deposited into your eToro account.
Buying United States Steel stock FAQs
Should you buy United States Steel stock?
Whether United States Steel stock is a good buy depends primarily on your personal investment approach. However, looking at the technical analysis data for United States Steel can still help make your decision about buying shares of United States Steel easier.
According to the market indicators tracked by CoinCodex, 25 indicators are signaling bullish activity, while 1 are signaling bearish activity.
Per our algorithmic United States Steel stock forecast, X’s price could see an increase of
On a longer time horizon, United States Steel stock could gain
Should I sell my United States Steel stock?
If you are thinking about selling United States Steel stock, you should first evaluate the company’s long-term prospects and potential for market growth. Acting on short-term market fluctuations can be costly and goes against the old adage: "Time in the market beats timing the market."
Here are some pointers you should consider when deciding to sell United States Steel stock:
- Financial performance: Consider market share, revenue growth, earnings, and cash flow
- Industry and market trends: Evaluate the industry and market trends that are impacting the company and its competitors.
- Competitive advantage: Look at the company's products or services, customer base, and brand strength.
- Valuation: Consider the stock's valuation and whether it's trading at a fair price (examine P/E and other important metrics).
- Dividends: This can be an important factor for investors looking for a source of regular income, and alleviates short-term stock price volatility.
- Risks: Asses market risks, industry risks, and company-specific risks and how they could impact your portfolio.
Does Apple pay dividends?
Yes, United States Steel pays dividends to its shareholders. United States Steel’s twelve-month trailing dividend rate is 0.0799313.
How much is United States Steel’s dividend per share?
In the trailing 12-month period, United States Steel’s dividend per share rate was 0.0799313, with a dividend yield of 0.34%.
Is United States Steel stock overvalued or undervalued?
You can use a range of metrics and analyses to help determine whether United States Steel stock is undervalued or overvalued. These may include factors such as the company's financial performance, earnings growth, price-to-earnings (P/E) ratio, price-to-book (P/B) ratio, and dividend yield.
The relative strength index (RSI), a popular metric that examines a 14-day moving average of a stock's gains on its up days, in relation to losses on its down days, is one of the most popular ways of assessing whether United States Steel stock is overbought or oversold. The RSI is considered overbought when above 70 and oversold when below 30. The current X RSI is 70.8949, suggesting that United States Steel stock is oversold.
The investor sentiment for United States Steel stock is presently bullish, which could suggest that investors believe that United States Steel will rally higher in the near future.
How many United States Steel shares are outstanding?
According to United States Steel’s latest financial reports, there are 225.17M United States Steel shares outstanding.
Outstanding shares refer to the total number of shares of a company's stock that are currently owned by shareholders, including both institutional and individual investors
What does United States Steel company do?
United States Steel Corp. engages in the manufacturing and selling of steel products. It operates through the following business segments: Flat-Rolled Products, U.S. Steel Europe, and Tubular Products. The Flat-Rolled Products segment includes managing steel plants and production facilities that manufacture steel slabs, rounds, strip mill plates, sheets, tin mill, iron ore, and coke. The U.S. Steel Europe segment offers producing and marketing strip mill plates, spiral welded pipe, heating radiators, refractory ceramic materials. The Tubular Products segment involves in manufacturing and trading seamless and electric resistance welded steel casing and tubing. line pipe, and mechanical tubing. The company was founded in 1901 by Andrew Carnegie, John Pierpont Morgan, Charles Michael Schwab and Elbert Henry Gary and is headquartered in Pittsburgh, PA.