Seeking to outpace the market, investors engage in the art of selecting individual stocks. The right picks can play a pivotal role in boosting your wealth.
As of close of business last night, Cleveland-Cliffs Inc’s stock clocked out at $10.79, down -3.23% from its previous closing price of $11.15. In other words, the price has decreased by -$3.23 from its previous closing price. On the day, 40.02 million shares were traded.
Ratios:
To gain a deeper understanding of CLF’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.55 and its Current Ratio is at 2.08. In the meantime, Its Debt-to-Equity ratio is 1.02 whereas as Long-Term Debt/Eq ratio is at 1.02.
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 this company, Goldman on December 02, 2024, initiated with a Buy rating and assigned the stock a target price of $16.
On August 27, 2024, Seaport Research Partners Upgraded its rating to Buy which previously was Neutral but kept the price unchanged to $16.50.
JP Morgan Downgraded its Overweight to Neutral on June 11, 2024, whereas the target price for the stock was revised from $23 to $17.
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 Nov 20 ’24 when Bloom Ron A. sold 1,554 shares for $11.77 per share. The transaction valued at 18,283 led to the insider holds 64,024 shares of the business.
BALDWIN JOHN T bought 8,000 shares of CLF for $116,240 on Aug 01 ’24. The Director now owns 129,227 shares after completing the transaction at $14.53 per share. On Jun 11 ’24, another insider, Taylor Douglas C, who serves as the Director of the company, sold 36,000 shares for $14.87 each. As a result, the insider received 535,223 and left with 100,536 shares of the company.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 0.28 while its Price-to-Book (P/B) ratio in mrq is 0.74.
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 $8.99. The 50-Day Moving Average of the stock is 4.68%, while the 200-Day Moving Average is calculated to be -17.13%.
Shares Statistics:
A total of 493.94M shares are outstanding, with a floating share count of 484.00M. Insiders hold about 2.01% of the company’s shares, while institutions hold 73.42% stake in the company.
