Cleveland-Cliffs Inc (NYSE: CLF) started the day on Wednesday, with a price increase of 1.78% at $22.30, before settling in for the price of $21.91 at the close. Taking a more long-term approach, CLF posted a 52-week range of $13.61-$22.97.
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It was noted that the giant of the Basic Materials sector posted annual sales growth of 93.32% over the last 5 years. Meanwhile, its Annual Earning per share during the time was -26.78%. Nevertheless, stock’s Earnings Per Share (EPS) this year is 22.74%. This publicly-traded company’s shares outstanding now amounts to $504.89 million, simultaneously with a float of $487.98 million. The organization now has a market capitalization sitting at $11.11 billion. At the time of writing, stock’s 50-day Moving Average stood at $20.71, while the 200-day Moving Average is $17.67.
Cleveland-Cliffs Inc (CLF) Ownership Facts and Figures
Now let’s turn our focus to how large-scale investors are working with this stock of the Steel Industry. Cleveland-Cliffs Inc’s current insider ownership accounts for 2.07%, in contrast to 68.50% institutional ownership. According to the most recent insider trade that took place on Mar 13 ’24, this organization’s Director sold 6,500 shares at the rate of 20.40, making the entire transaction reach 132,601 in total value, affecting insider ownership by 90,286. Preceding that transaction, on Mar 06 ’24, Company’s Director bought 2,000 for 20.02, making the whole transaction’s value amount to 40,050. This particular insider is now the holder of 94,887 in total.
Cleveland-Cliffs Inc (CLF) Earnings and Revenue Records
In the latest quarterly report released, which was put into the public domain on 12/30/2023, the organization reported -$0.05 earnings per share (EPS) for the three months, surpassing the consensus estimate (set at -$0.06) by $0.01. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.33 per share during the current fiscal year.
Cleveland-Cliffs Inc’s EPS increase for this current 12-month fiscal period is 22.74% and is forecasted to reach 1.95 in the upcoming year.
Cleveland-Cliffs Inc (NYSE: CLF) Trading Performance Indicators
Let’s observe the current performance indicators for Cleveland-Cliffs Inc (CLF). It’s Quick Ratio in the last reported quarter now stands at 0.62. The Stock has managed to achieve an average true range (ATR) of 0.61. Alongside those numbers, its PE Ratio stands at $28.73, and its Beta score is 2.04. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 0.51. Similarly, its price to free cash flow for trailing twelve months is now 7.00.
In the same vein, CLF’s Diluted EPS (Earnings per Share) trailing twelve months is recorded 0.78, a figure that is expected to reach 0.22 in the next quarter, and analysts are predicting that it will be 1.95 at the market close of one year from today.
Technical Analysis of Cleveland-Cliffs Inc (CLF)
If we take a close look at the recent performances of Cleveland-Cliffs Inc (NYSE: CLF), its last 5-days Average volume was 6.59 million that shows plunge from its year to date volume of 8.54 million. During the previous 9 days, stock’s Stochastic %D was recorded 48.98% While, its Average True Range was 0.62.
Raw Stochastic average of Cleveland-Cliffs Inc (CLF) in the period of the previous 100 days is set at 89.48%, which indicates a major rise in contrast to 62.57% during the last 2-weeks. If we go through the volatility metrics of the stock, In the past 14-days, Company’s historic volatility was 24.42% that was lower than 33.95% volatility it exhibited in the past 100-days period.
