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Cleveland-Cliffs Inc (NYSE: CLF) closed the day trading at $12.70 up 0.95% from the previous closing price of $12.58. In other words, the price has increased by $0.95 from its previous closing price. On the day, 9.53 million shares were traded. CLF stock price reached its highest trading level at $12.98 during the session, while it also had its lowest trading level at $12.6669.
Ratios:
For a better understanding of CLF, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 54.04 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 4.31. 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.
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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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 5944108032 and an Enterprise Value of 9630113792. As of this moment, Cleveland-Cliffs’s Price-to-Earnings (P/E) ratio for their current fiscal year is 159.35, and their Forward P/E ratio for the next fiscal year is 18.92. 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 0.84. Its current Enterprise Value per Revenue stands at 0.458 whereas that against EBITDA is 5.861.
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 $12.47. The 50-Day Moving Average of the stock is -14.31%, while the 200-Day Moving Average is calculated to be -29.31%.
Shares Statistics:
Over the past 3-months, CLF traded about 9.30M shares per day on average, while over the past 10 days, CLF traded about 8648710 shares per day. A total of 504.89M shares are outstanding, with a floating share count of 457.66M. Insiders hold about 2.22% of the company’s shares, while institutions hold 74.75% stake in the company. Shares short for CLF as of 1722384000 were 36498227 with a Short Ratio of 3.92, compared to 1719532800 on 35213358. Therefore, it implies a Short% of Shares Outstanding of 36498227 and a Short% of Float of 10.16.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 4.7.
