On Monday, Cleveland-Cliffs Inc (NYSE: CLF) opened lower -2.15% from the last session, before settling in for the closing price of $13.94. Price fluctuations for CLF have ranged from $10.21 to $22.97 over the past 52 weeks.
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During the last 5-year period, the sales growth of Basic Materials Sector giant was 93.32%. Company’s average yearly earnings per share was noted -134.93% at the time writing. With a float of $458.04 million, this company’s outstanding shares have now reached $504.89 million.
Let’s determine the extent of company efficiency that accounts for 28000 employees. In terms of profitability, gross margin is 5.78%, operating margin of 2.48%, and the pretax margin is 0.61%.
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 2.14%, while institutional ownership is 73.04%. The most recent insider transaction that took place on Aug 01 ’24, was worth 116,240. In this transaction Director of this company bought 8,000 shares at a rate of $14.53, taking the stock ownership to the 129,227 shares. Before that another transaction happened on Jun 11 ’24, when Company’s Director sold 36,000 for $14.87, making the entire transaction worth $535,223. This insider now owns 100,536 shares in total.
Cleveland-Cliffs Inc (CLF) Earnings and Forecasts
If we go through the results of last quarter, which was made public on 6/30/2024, the company posted 0.52 earnings per share (EPS) for the quarter, besting the agreed prediction (set at 0.43) by 0.09. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.18 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -134.93% 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 0.60. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.30. Likewise, its price to free cash flow for the trailing twelve months is 4.63.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.08, a number that is poised to hit -0.29 in the next quarter and is forecasted to reach 0.54 in one year’s time.
Technical Analysis of Cleveland-Cliffs Inc (CLF)
Looking closely at Cleveland-Cliffs Inc (NYSE: CLF), its last 5-days average volume was 9.5 million, which is a drop from its year-to-date volume of 9.86 million. As of the previous 9 days, the stock’s Stochastic %D was 89.49%. Additionally, its Average True Range was 0.48.
During the past 100 days, Cleveland-Cliffs Inc’s (CLF) raw stochastic average was set at 47.64%, which indicates a significant decrease from 78.93% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 31.26% in the past 14 days, which was lower than the 38.88% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $12.58, while its 200-day Moving Average is $16.72. However, in the short run, Cleveland-Cliffs Inc’s stock first resistance to watch stands at $13.92. Second resistance stands at $14.20. The third major resistance level sits at $14.43. If the price goes on to break the first support level at $13.40, it is likely to go to the next support level at $13.17. Should the price break the second support level, the third support level stands at $12.89.
Cleveland-Cliffs Inc (NYSE: CLF) Key Stats
There are currently 475,476K shares outstanding in the company with a market cap of 6.38 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 5,092 M and its income totaled 2,000 K.
