A new trading day began on Monday, with Cleveland-Cliffs Inc (NYSE: CLF) stock price down -1.21% from the previous day of trading, before settling in for the closing price of $13.27. CLF’s price has 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%. Meanwhile, its annual earnings per share averaged -139.77%. 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
As we move forward, let’s examine how large-scale investors are investing in this stock of the Steel Industry. The insider ownership of Cleveland-Cliffs Inc is 2.14%, while institutional ownership is 72.83%. 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
According to the Wall Street analysts, stocks earnings will be around -139.77% per share during the next fiscal year.
Cleveland-Cliffs Inc (NYSE: CLF) Trading Performance Indicators
Here are Cleveland-Cliffs Inc’s current performance indicators. According to the last quarter’s results, the stock had 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 4.55.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.08, a number that is poised to hit -0.28 in the next quarter and is forecasted to reach 0.43 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 11.07 million, which is a jump from its year-to-date volume of 9.86 million. As of the previous 9 days, the stock’s Stochastic %D was 27.27%. Additionally, its Average True Range was 0.48.
During the past 100 days, Cleveland-Cliffs Inc’s (CLF) raw stochastic average was set at 46.33%, which indicates a significant increase from 22.32% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 42.00% in the past 14 days, which was higher than the 39.70% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $12.68, while its 200-day Moving Average is $16.47. However, in the short run, Cleveland-Cliffs Inc’s stock first resistance to watch stands at $13.27. Second resistance stands at $13.43. The third major resistance level sits at $13.52. If the price goes on to break the first support level at $13.02, it is likely to go to the next support level at $12.93. Should the price break the second support level, the third support level stands at $12.77.
Cleveland-Cliffs Inc (NYSE: CLF) Key Stats
With a market capitalization of 6.27 billion, the company has a total of 468,040K Shares Outstanding. Currently, annual sales are 21,996 M while annual income is 399,000 K. The company’s previous quarter sales were 5,092 M while its latest quarter income was 2,000 K.
