On Friday, Cleveland-Cliffs Inc (NYSE: CLF) was 2.55% up from the session before settling in for the closing price of $12.14. A 52-week range for CLF has been $10.21 – $22.97.
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Annual sales at Basic Materials sector company grew by 93.32% over the past five years. When this article was written, the company’s average yearly earnings per share was at -162.45%. With a float of $483.39 million, this company’s outstanding shares have now reached $504.89 million.
Let’s look at the performance matrix of the company that is accounted for 28000 employees. 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) Insider Updates
Also, it is sometimes useful to examine the sentiment of large-scale investors toward Cleveland-Cliffs Inc stocks. The insider ownership of Cleveland-Cliffs Inc is 2.14%, while institutional ownership is 70.33%. The most recent insider transaction that took place on Nov 20 ’24, was worth 18,283. In this transaction Director of this company sold 1,554 shares at a rate of $11.77, taking the stock ownership to the 64,024 shares. Before that another transaction happened on Aug 01 ’24, when Company’s Director bought 8,000 for $14.53, making the entire transaction worth $116,240. This insider now owns 129,227 shares in total.
Cleveland-Cliffs Inc (CLF) Performance Highlights and Predictions
According to the Wall Street analysts, stocks earnings will be around -162.45% per share during the next fiscal year.
Cleveland-Cliffs Inc (NYSE: CLF) Trading Performance Indicators
You can see what Cleveland-Cliffs Inc (CLF) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 0.55. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.32. Likewise, its price to free cash flow for the trailing twelve months is 11.68.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.96, a number that is poised to hit -0.47 in the next quarter and is forecasted to reach 0.16 in one year’s time.
Technical Analysis of Cleveland-Cliffs Inc (CLF)
Cleveland-Cliffs Inc (NYSE: CLF) saw its 5-day average volume 10.82 million, a positive change from its year-to-date volume of 10.34 million. As of the previous 9 days, the stock’s Stochastic %D was 66.72%. Additionally, its Average True Range was 0.63.
During the past 100 days, Cleveland-Cliffs Inc’s (CLF) raw stochastic average was set at 35.78%, which indicates a significant decrease from 73.76% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 44.87% in the past 14 days, which was lower than the 55.16% 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 $15.82. Nevertheless, the first resistance level for the watch stands at $12.70 in the near term. At $12.95, the stock is likely to face the second major resistance level. The third major resistance level sits at $13.18. If the price goes on to break the first support level at $12.22, it is likely to go to the next support level at $11.99. Assuming the price breaks the second support level, the third support level stands at $11.74.
Cleveland-Cliffs Inc (NYSE: CLF) Key Stats
There are 493,944K outstanding shares of the company, which has a market capitalization of 6.31 billion. As of now, sales total 21,996 M while income totals 399,000 K. Its latest quarter income was 4,569 M while its last quarter net income were -242,000 K.
