Cleveland-Cliffs Inc (NYSE: CLF) on Monday, soared 1.72% from the previous trading day, before settling in for the closing price of $11.04. Within the past 52 weeks, CLF’s price has moved between $10.21 and $22.97.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Basic Materials sector was 93.32%. The company achieved an average annual earnings per share of -159.48%. With a float of $483.39 million, this company’s outstanding shares have now reached $504.89 million.
Considering the fact that the conglomerate employs 28000 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 3.16%, operating margin of -0.32%, and the pretax margin is -2.41%.
Cleveland-Cliffs Inc (CLF) Breakdown of a Key Holders of the stock
Observing investor behavior towards Steel industry stocks is more important than anything else. The insider ownership of Cleveland-Cliffs Inc is 2.14%, while institutional ownership is 70.32%. 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) Recent Fiscal highlights
According to the Wall Street analysts, stocks earnings will be around -159.48% per share during the next fiscal year.
Cleveland-Cliffs Inc (NYSE: CLF) Trading Performance Indicators
Cleveland-Cliffs Inc (CLF) is currently performing well based on its current performance indicators. A quick ratio of 0.55 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.27. Likewise, its price to free cash flow for the trailing twelve months is 9.90.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.96, a number that is poised to hit -0.43 in the next quarter and is forecasted to reach 0.16 in one year’s time.
Technical Analysis of Cleveland-Cliffs Inc (CLF)
Compared to the last year’s volume of 10.31 million, its volume of 13.77 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 4.25%. Additionally, its Average True Range was 0.64.
During the past 100 days, Cleveland-Cliffs Inc’s (CLF) raw stochastic average was set at 16.29%, which indicates a significant increase from 8.00% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 100.87% in the past 14 days, which was higher than the 54.39% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $12.60, while its 200-day Moving Average is $16.12. Nevertheless, the first resistance level for the watch stands at $11.41 in the near term. At $11.59, the stock is likely to face the second major resistance level. The third major resistance level sits at $11.80. If the price goes on to break the first support level at $11.02, it is likely to go to the next support level at $10.81. Now, if the price goes above the second support level, the third support stands at $10.63.
Cleveland-Cliffs Inc (NYSE: CLF) Key Stats
Market capitalization of the company is 5.34 billion based on 493,944K outstanding shares. Right now, sales total 21,996 M and income totals 399,000 K. The company made 4,569 M in profit during its latest quarter, and -242,000 K in sales during its previous quarter.
