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As of close of business last night, Cleveland-Cliffs Inc’s stock clocked out at $16.21, up 0.25% from its previous closing price of $16.17. In other words, the price has increased by $0.25 from its previous closing price. On the day, 15.44 million shares were traded. CLF stock price reached its highest trading level at $16.47 during the session, while it also had its lowest trading level at $15.78.
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 256.92 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 4.34. For the most recent quarter (mrq), Quick Ratio is recorded 0.59 and its Current Ratio is at 1.90. In the meantime, Its Debt-to-Equity ratio is 0.51 whereas as Long-Term Debt/Eq ratio is at 0.51.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, JP Morgan on June 11, 2024, Downgraded its rating to Neutral and sets its target price to $17 from $23 previously.
On May 20, 2024, Jefferies started tracking the stock assigning a Buy rating and target price of $22.
Wolfe Research Downgraded its Peer Perform to Underperform on April 09, 2024, while the target price for the stock was maintained at $18.
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 Jun 13 ’24 when MICHAEL RALPH S III bought 20,000 shares for $14.74 per share. The transaction valued at 294,800 led to the insider holds 199,519 shares of the business.
BALDWIN JOHN T bought 7,500 shares of CLF for $110,272 on Jun 13 ’24. The Director now owns 121,227 shares after completing the transaction at $14.70 per share. On Jun 12 ’24, another insider, Goncalves Celso L Jr, who serves as the EVP, CFO of the company, bought 7,250 shares for $14.98 each. As a result, the insider paid 108,641 and bolstered with 314,362 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 7707465728 and an Enterprise Value of 11652450304. As of this moment, Cleveland-Cliffs’s Price-to-Earnings (P/E) ratio for their current fiscal year is 21.60, and their Forward P/E ratio for the next fiscal year is 17.25. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.35 while its Price-to-Book (P/B) ratio in mrq is 1.07. Its current Enterprise Value per Revenue stands at 0.532 whereas that against EBITDA is 5.583.
Stock Price History:
The Beta on a monthly basis for CLF is 2.02, which has changed by -0.043195248 over the last 52 weeks, in comparison to a change of 0.23279357 over the same period for the S&P500. Over the past 52 weeks, CLF has reached a high of $22.97, while it has fallen to a 52-week low of $13.84. The 50-Day Moving Average of the stock is -0.21%, while the 200-Day Moving Average is calculated to be -10.38%.
Shares Statistics:
It appears that CLF traded 9.23M shares on average per day over the past three months and 8298460 shares per day over the past ten days. A total of 504.89M shares are outstanding, with a floating share count of 465.48M. Insiders hold about 2.10% of the company’s shares, while institutions hold 69.80% stake in the company. Shares short for CLF as of 1719532800 were 35213358 with a Short Ratio of 3.82, compared to 1717113600 on 31109845. Therefore, it implies a Short% of Shares Outstanding of 35213358 and a Short% of Float of 9.6.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 4.7. The current Payout Ratio is 0.00% for CLF, which recently paid a dividend on 2020-04-02 with an ex-dividend date of 1585785600. Stock splits for the company last occurred on 2008-05-16 when the company split stock in a 2:1 ratio.
