November 20, 2023, Cleveland-Cliffs Inc (NYSE: CLF) trading session started at the price of $17.06, that was 0.41% jump from the session before. During the day, the shares moved up to $17.45 and dropped to $17.015 before settling in for the closing price of $16.99. A 52-week range for CLF has been $13.61 – $22.83.
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Basic Materials Sector giant saw their annual sales surged by 96.07% over the last five years. When this article was written, the company’s average yearly earnings per share was at -53.19%. With a float of $495.15 million, this company’s outstanding shares have now reached $513.34 million.
The firm has a total of 27000 workers. Let’s measure their productivity. 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 Activity
Also, it is sometimes useful to examine the sentiment of large-scale investors toward Cleveland-Cliffs Inc stocks. The insider ownership of Cleveland-Cliffs Inc is 1.92%, while institutional ownership is 66.78%. 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) Earnings and Forecasts
Going through the last 3-months fiscal report unveiled on the 9/29/2023, it has been observed that the corporation posted $0.52 earnings per share (EPS) during the time that was better than consensus figure (set at $0.43) by $0.09. 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 0.33 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -53.19% per share during the next fiscal year.
Cleveland-Cliffs Inc (NYSE: CLF) Trading Performance Indicators
You can see what Cleveland-Cliffs Inc (CLF) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 0.71. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.39. Likewise, its price to free cash flow for the trailing twelve months is 6.17.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.67, a number that is poised to hit 0.06 in the next quarter and is forecasted to reach 1.91 in one year’s time.
Technical Analysis of Cleveland-Cliffs Inc (CLF)
Analysing the last 5-days average volume posted by the [Cleveland-Cliffs Inc, CLF], we can find that recorded value of 6.32 million was lower than the volume posted last year of 9.84 million. As of the previous 9 days, the stock’s Stochastic %D was 63.24%. Additionally, its Average True Range was 0.50.
During the past 100 days, Cleveland-Cliffs Inc’s (CLF) raw stochastic average was set at 77.40%, which indicates a significant increase from 62.28% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 20.81% in the past 14 days, which was lower than the 40.93% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $15.61, while its 200-day Moving Average is $16.54. Now, the first resistance to watch is $17.34. This is followed by the second major resistance level at $17.61. The third major resistance level sits at $17.77. If the price goes on to break the first support level at $16.90, it is likely to go to the next support level at $16.74. Should the price break the second support level, the third support level stands at $16.46.
Cleveland-Cliffs Inc (NYSE: CLF) Key Stats
There are 504,861K outstanding shares of the company, which has a market capitalization of 8.61 billion. As of now, sales total 22,989 M while income totals 1,335 M. Its latest quarter income was 5,605 M while its last quarter net income were 264,000 K.