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The price of Cleveland-Cliffs Inc (NYSE: CLF) closed at $13.30 in the last session, up 2.31% from day before closing price of $13.00. In other words, the price has increased by $2.31 from its previous closing price. On the day, 6.5 million shares were traded. CLF stock price reached its highest trading level at $13.35 during the session, while it also had its lowest trading level at $12.9701.
Ratios:
We take a closer look at CLF’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 56.59 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 4.51. 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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of 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 6224931840 and an Enterprise Value of 9910937600. As of this moment, Cleveland-Cliffs’s Price-to-Earnings (P/E) ratio for their current fiscal year is 166.88, and their Forward P/E ratio for the next fiscal year is 24.60. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.30 while its Price-to-Book (P/B) ratio in mrq is 0.88. Its current Enterprise Value per Revenue stands at 0.472 whereas that against EBITDA is 6.032.
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 5.49%, while the 200-Day Moving Average is calculated to be -20.05%.
Shares Statistics:
According to the various share statistics, CLF traded on average about 11.81M shares per day over the past 3-months and 9029630 shares per day over the past 10 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 72.92% stake in the company. Shares short for CLF as of 1727654400 were 48120698 with a Short Ratio of 4.07, compared to 1724976000 on 39308804. Therefore, it implies a Short% of Shares Outstanding of 48120698 and a Short% of Float of 13.389999999999999.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 4.7.
