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As of close of business last night, Cleveland-Cliffs Inc’s stock clocked out at $12.98, down -1.59% from its previous closing price of $13.19. In other words, the price has decreased by -$1.59 from its previous closing price. On the day, 12.28 million shares were traded. CLF stock price reached its highest trading level at $13.37 during the session, while it also had its lowest trading level at $12.85.
Ratios:
To gain a deeper understanding of CLF’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 55.23 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 4.40. For the most recent quarter (mrq), Quick Ratio is recorded 0.60 and its Current Ratio is at 1.87. In the meantime, Its Debt-to-Equity ratio is 0.49 whereas as Long-Term Debt/Eq ratio is at 0.49.
On June 11, 2024, JP Morgan Downgraded its rating to Neutral which previously was Overweight and also lowered its target price recommendation from $23 to $17.
On May 20, 2024, Jefferies started tracking the stock assigning a Buy rating and target price of $22.Jefferies initiated its Buy rating on May 20, 2024, with a $22 target price.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Aug 01 ’24 when BALDWIN JOHN T bought 8,000 shares for $14.53 per share. The transaction valued at 116,240 led to the insider holds 129,227 shares of the business.
Taylor Douglas C sold 36,000 shares of CLF for $535,223 on Jun 11 ’24. The Director now owns 100,536 shares after completing the transaction at $14.87 per share. On Jun 13 ’24, another insider, MICHAEL RALPH S III, who serves as the Director of the company, bought 20,000 shares for $14.74 each. As a result, the insider paid 294,800 and bolstered with 199,519 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CLF now has a Market Capitalization of 6173456384 and an Enterprise Value of 9761164288. As of this moment, Cleveland-Cliffs’s Price-to-Earnings (P/E) ratio for their current fiscal year is 162.86, and their Forward P/E ratio for the next fiscal year is 29.96. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.29 while its Price-to-Book (P/B) ratio in mrq is 0.85. Its current Enterprise Value per Revenue stands at 0.465 whereas that against EBITDA is 5.941.
Stock Price History:
Over the past 52 weeks, CLF has reached a high of $22.97, while it has fallen to a 52-week low of $10.21. The 50-Day Moving Average of the stock is 2.39%, while the 200-Day Moving Average is calculated to be -21.39%.
Shares Statistics:
It appears that CLF traded 11.80M shares on average per day over the past three months and 9328990 shares per day over the past ten days. A total of 504.89M shares are outstanding, with a floating share count of 458.04M. Insiders hold about 2.14% of the company’s shares, while institutions hold 72.86% stake in the company. Shares short for CLF as of 1728950400 were 41510815 with a Short Ratio of 3.52, compared to 1726185600 on 45348214. Therefore, it implies a Short% of Shares Outstanding of 41510815 and a Short% of Float of 11.55.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 4.7.
