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The price of Cleveland-Cliffs Inc (NYSE: CLF) closed at $12.14 in the last session, up 0.75% from day before closing price of $12.05. In other words, the price has increased by $0.75 from its previous closing price. On the day, 8.61 million shares were traded. CLF stock price reached its highest trading level at $12.59 during the session, while it also had its lowest trading level at $12.05.
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 154.90 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 11.19. 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 0.55 whereas as Long-Term Debt/Eq ratio is at 0.55.
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 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:
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 5996480512 and an Enterprise Value of 9999474688. 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 0.83. Its current Enterprise Value per Revenue stands at 0.501 whereas that against EBITDA is 9.363.
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 -4.22%, while the 200-Day Moving Average is calculated to be -23.43%.
Shares Statistics:
According to the various share statistics, CLF traded on average about 13.81M shares per day over the past 3-months and 12561080 shares per day over the past 10 days. A total of 504.89M shares are outstanding, with a floating share count of 483.39M. Insiders hold about 2.14% of the company’s shares, while institutions hold 70.34% stake in the company. Shares short for CLF as of 1731628800 were 42419786 with a Short Ratio of 3.07, compared to 1728950400 on 41510815. Therefore, it implies a Short% of Shares Outstanding of 42419786 and a Short% of Float of 11.01.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 4.7.
