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The price of Cleveland-Cliffs Inc (NYSE: CLF) closed at $12.85 in the last session, up 1.10% from day before closing price of $12.71. In other words, the price has increased by $1.10 from its previous closing price. On the day, 11.59 million shares were traded. CLF stock price reached its highest trading level at $13.0598 during the session, while it also had its lowest trading level at $12.6.
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 54.68 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 4.36. 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 6014313984 and an Enterprise Value of 9700319232. As of this moment, Cleveland-Cliffs’s Price-to-Earnings (P/E) ratio for their current fiscal year is 161.23, and their Forward P/E ratio for the next fiscal year is 22.32. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.29 while its Price-to-Book (P/B) ratio in mrq is 0.85. Its current Enterprise Value per Revenue stands at 0.462 whereas that against EBITDA is 5.904.
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 1.45%, while the 200-Day Moving Average is calculated to be -24.43%.
Shares Statistics:
According to the various share statistics, CLF traded on average about 11.82M shares per day over the past 3-months and 10730510 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 73.02% stake in the company. Shares short for CLF as of 1726185600 were 45348214 with a Short Ratio of 3.84, compared to 1723680000 on 41758251. Therefore, it implies a Short% of Shares Outstanding of 45348214 and a Short% of Float of 12.620000000000001.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 4.7.
