In the pursuit of market outperformance, investors navigate the landscape of stock selection. The right picks can play a pivotal role in enhancing your wealth.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
In the latest session, Cleveland-Cliffs Inc (NYSE: CLF) closed at $11.61 down -11.44% from its previous closing price of $13.11. In other words, the price has decreased by -$11.44 from its previous closing price. On the day, 36.47 million shares were traded. CLF stock price reached its highest trading level at $12.28 during the session, while it also had its lowest trading level at $11.39.
Ratios:
For a deeper understanding of Cleveland-Cliffs Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 139.33 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 10.06. For the most recent quarter (mrq), Quick Ratio is recorded 0.55 and its Current Ratio is at 1.85. In the meantime, Its Debt-to-Equity ratio is 0.53 whereas as Long-Term Debt/Eq ratio is at 0.53.
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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. 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 6136012800 and an Enterprise Value of 9138115584. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.27 while its Price-to-Book (P/B) ratio in mrq is 0.76. Its current Enterprise Value per Revenue stands at 0.458 whereas that against EBITDA is 8.556.
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 -8.14%, while the 200-Day Moving Average is calculated to be -29.35%.
Shares Statistics:
For the past three months, CLF has traded an average of 11.91M shares per day and 9765220 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 72.78% stake in the company. Shares short for CLF as of 1728950400 were 41510815 with a Short Ratio of 3.49, 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.
Earnings Estimates
The stock of Cleveland-Cliffs Inc (CLF) is currently drawing attention from 6.0 analysts actively involved in the ongoing evaluation and rating process.The consensus estimate for the next quarter is $0.03, with high estimates of $0.1 and low estimates of -$0.04.
Analysts are recommending an EPS of between $0.5 and -$0.91 for the fiscal current year, implying an average EPS of -$0.43. EPS for the following year is $0.39, with 10.0 analysts recommending between $1.03 and -$0.25.
Revenue Estimates
A total of 6 analysts believe the company’s revenue will be $4.75B this quarter.It ranges from a high estimate of $5.02B to a low estimate of $4.29B. As of the current estimate, Cleveland-Cliffs Inc’s year-ago sales were $5.11BFor the next quarter, 6 analysts are estimating revenue of $4.8B. There is a high estimate of $4.94B for the next quarter, whereas the lowest estimate is $4.57B.
A total of 10 analysts have provided revenue estimates for CLF’s current fiscal year. The highest revenue estimate was $20.74B, while the lowest revenue estimate was $19.23B, resulting in an average revenue estimate of $19.81B. In the same quarter a year ago, actual revenue was $22BBased on 10 analysts’ estimates, the company’s revenue will be $19.94B in the next fiscal year. The high estimate is $21.44B and the low estimate is $18.93B.
