On Monday, Cleveland-Cliffs Inc (NYSE: CLF) opened higher 0.19% from the last session, before settling in for the closing price of $20.81. Price fluctuations for CLF have ranged from $13.61 to $22.97 over the past 52 weeks.
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Basic Materials Sector giant saw their annual sales surged by 93.32% over the last five years. Company’s average yearly earnings per share was noted 24.89% at the time writing. With a float of $487.98 million, this company’s outstanding shares have now reached $504.89 million.
The firm has a total of 28000 workers. Let’s measure their productivity.
Cleveland-Cliffs Inc (CLF) Insider Activity
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 2.07%, while institutional ownership is 68.21%. The most recent insider transaction that took place on Mar 13 ’24, was worth 132,601. In this transaction Director of this company sold 6,500 shares at a rate of $20.40, taking the stock ownership to the 90,286 shares. Before that another transaction happened on Mar 06 ’24, when Company’s Director bought 2,000 for $20.02, making the entire transaction worth $40,050. This insider now owns 94,887 shares in total.
Cleveland-Cliffs Inc (CLF) Earnings and Forecasts
If we go through the results of last quarter, which was made public on 12/31/2023, the company posted -$0.05 earnings per share (EPS) for the quarter, besting the agreed prediction (set at -$0.06) by $0.01. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.34 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 24.89% 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 0.62. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.47. Likewise, its price to free cash flow for the trailing twelve months is 6.55.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.78, a number that is poised to hit 0.34 in the next quarter and is forecasted to reach 1.94 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 7.83 million was lower than the volume posted last year of 8.38 million. As of the previous 9 days, the stock’s Stochastic %D was 15.05%. Additionally, its Average True Range was 0.62.
During the past 100 days, Cleveland-Cliffs Inc’s (CLF) raw stochastic average was set at 66.72%, which indicates a significant increase from 13.65% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 21.94% in the past 14 days, which was lower than the 34.49% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $20.92, while its 200-day Moving Average is $17.86. Now, the first resistance to watch is $21.16. This is followed by the second major resistance level at $21.46. The third major resistance level sits at $21.78. If the price goes on to break the first support level at $20.53, it is likely to go to the next support level at $20.21. Should the price break the second support level, the third support level stands at $19.91.
Cleveland-Cliffs Inc (NYSE: CLF) Key Stats
There are currently 475,458K shares outstanding in the company with a market cap of 10.39 billion. Presently, the company’s annual sales total 21,996 M according to its annual income of 399,000 K. Last quarter, the company’s sales amounted to 5,112 M and its income totaled -155,000 K.
