On Monday, Cleveland-Cliffs Inc (NYSE: CLF) was -4.88% drop from the session before settling in for the closing price of $10.24. A 52-week range for CLF has been $8.99 – $22.97.
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A company in the Basic Materials sector has jumped its sales by 115.70% annually for the last half of the decade. When this article was written, the company’s average yearly earnings per share was at -149.32%. With a float of $484.05 million, this company’s outstanding shares have now reached $493.94 million.
In an organization with 28000 employees, it is important to assess its efficiency. 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 2.00%, while institutional ownership is 65.33%. 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 -149.32% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will plunge by -7.92% during the next five years compared to -26.78% drop over the previous five years of trading.
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 0.24. Likewise, its price to free cash flow for the trailing twelve months is 8.91.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.96, a number that is poised to hit -0.58 in the next quarter and is forecasted to reach -0.35 in one year’s time.
Technical Analysis of Cleveland-Cliffs Inc (CLF)
Let’s dig in a bit further. During the last 5-days, its volume was 12.64 million. That was inferior than the volume of 13.18 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 54.76%. Additionally, its Average True Range was 0.48.
During the past 100 days, Cleveland-Cliffs Inc’s (CLF) raw stochastic average was set at 14.03%, which indicates a significant decrease from 17.21% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 36.14% in the past 14 days, which was lower than the 54.94% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $10.62, while its 200-day Moving Average is $13.57. However, in the short run, Cleveland-Cliffs Inc’s stock first resistance to watch stands at $10.12. Second resistance stands at $10.51. The third major resistance level sits at $10.80. If the price goes on to break the first support level at $9.44, it is likely to go to the next support level at $9.15. Assuming the price breaks the second support level, the third support level stands at $8.76.
Cleveland-Cliffs Inc (NYSE: CLF) Key Stats
There are 493,944K outstanding shares of the company, which has a market capitalization of 4.81 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.
