On May 19, 2023, Cleveland-Cliffs Inc. (NYSE: CLF) opened at $15.50, lower -2.86% from the last session. During the day, the shares moved up to $15.50 and dropped to $14.84 before settling in for the closing price of $15.37. Price fluctuations for CLF have ranged from $11.82 to $24.66 over the past 52 weeks.
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It was noted that within the last five years, the titan of the Basic Materials sector saw sales topped by 65.20%. Company’s average yearly earnings per share was noted -52.50% at the time writing. With a float of $508.28 million, this company’s outstanding shares have now reached $515.00 million.
The extent of productivity of a business whose workforce counts for 27000 workers is very important to gauge. In terms of profitability, gross margin is +9.84, operating margin of +7.46, and the pretax margin is +7.81.
Cleveland-Cliffs Inc. (CLF) Insider and Institutional Ownership
A key investor’s attitude towards the stock of the Steel industry is another important factor to consider. The insider ownership of Cleveland-Cliffs Inc. is 0.20%, while institutional ownership is 67.60%. The most recent insider transaction that took place on May 02, was worth 149,592. In this transaction Director of this company bought 10,000 shares at a rate of $14.96, taking the stock ownership to the 171,840 shares. Before that another transaction happened on May 01, when Company’s EVP, CFO bought 6,500 for $15.18, making the entire transaction worth $98,697. This insider now owns 237,727 shares in total.
Cleveland-Cliffs Inc. (CLF) Latest Financial update
If we go through the results of last quarter, which was made public on 3/30/2023, the company posted -$0.11 earnings per share (EPS) for the quarter, besting the agreed prediction (set at -$0.19) by $0.08. This company achieved a net margin of +5.79 while generating a return on equity of 20.06. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.86 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -52.50% per share during the next fiscal year.
Cleveland-Cliffs Inc. (NYSE: CLF) Trading Performance Indicators
Check out the current performance indicators for Cleveland-Cliffs Inc. (CLF). In the past quarter, the stock posted a quick ratio of 0.70. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.35. Likewise, its price to free cash flow for the trailing twelve months is 8.28.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.90, a number that is poised to hit 0.77 in the next quarter and is forecasted to reach 2.06 in one year’s time.
Technical Analysis of Cleveland-Cliffs Inc. (CLF)
The latest stats from [Cleveland-Cliffs Inc., CLF] show that its last 5-days average volume of 7.9 million was inferior to 10.24 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 76.08%. Additionally, its Average True Range was 0.61.
During the past 100 days, Cleveland-Cliffs Inc.’s (CLF) raw stochastic average was set at 8.03%, which indicates a significant decrease from 49.35% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 40.00% in the past 14 days, which was lower than the 45.55% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $16.68, while its 200-day Moving Average is $17.08. Now, the first resistance to watch is $15.34. This is followed by the second major resistance level at $15.75. The third major resistance level sits at $16.00. If the price goes on to break the first support level at $14.68, it is likely to go to the next support level at $14.43. The third support level lies at $14.02 if the price breaches the second support level.
Cleveland-Cliffs Inc. (NYSE: CLF) Key Stats
There are currently 515,079K shares outstanding in the company with a market cap of 7.92 billion. Presently, the company’s annual sales total 22,989 M according to its annual income of 1,335 M. Last quarter, the company’s sales amounted to 5,295 M and its income totaled -57,000 K.
