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Cleveland-Cliffs Inc (NYSE: CLF) closed the day trading at $14.97 down -1.90% from the previous closing price of $15.26. In other words, the price has decreased by -$1.90 from its previous closing price. On the day, 5.76 million shares were traded. CLF stock price reached its highest trading level at $15.24 during the session, while it also had its lowest trading level at $14.91.
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 63.70 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 5.08. 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 Jun 13 ’24 when MICHAEL RALPH S III bought 20,000 shares for $14.74 per share. The transaction valued at 294,800 led to the insider holds 199,519 shares of the business.
BALDWIN JOHN T bought 7,500 shares of CLF for $110,272 on Jun 13 ’24. The Director now owns 121,227 shares after completing the transaction at $14.70 per share. On Jun 12 ’24, another insider, Goncalves Celso L Jr, who serves as the EVP, CFO of the company, bought 7,250 shares for $14.98 each. As a result, the insider paid 108,641 and bolstered with 314,362 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 7006558720 and an Enterprise Value of 10828297216. As of this moment, Cleveland-Cliffs’s Price-to-Earnings (P/E) ratio for their current fiscal year is 187.83, and their Forward P/E ratio for the next fiscal year is 17.13. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.33 while its Price-to-Book (P/B) ratio in mrq is 0.99. Its current Enterprise Value per Revenue stands at 0.515 whereas that against EBITDA is 6.591.
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 $13.84. The 50-Day Moving Average of the stock is -5.38%, while the 200-Day Moving Average is calculated to be -17.27%.
Shares Statistics:
Over the past 3-months, CLF traded about 9.09M shares per day on average, while over the past 10 days, CLF traded about 9297470 shares per day. A total of 504.89M shares are outstanding, with a floating share count of 458.20M. Insiders hold about 2.10% of the company’s shares, while institutions hold 72.30% stake in the company. Shares short for CLF as of 1721001600 were 34910420 with a Short Ratio of 3.84, compared to 1718323200 on 34807419. Therefore, it implies a Short% of Shares Outstanding of 34910420 and a Short% of Float of 9.7200006.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 4.7.
