Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.
Cleveland-Cliffs Inc (NYSE: CLF) closed the day trading at $18.55 down -11.03% from the previous closing price of $20.85. In other words, the price has decreased by -$11.03 from its previous closing price. On the day, 32.29 million shares were traded. CLF stock price reached its highest trading level at $20.04 during the session, while it also had its lowest trading level at $18.42.
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 46.68 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 5.82. For the most recent quarter (mrq), Quick Ratio is recorded 0.62 and its Current Ratio is at 1.89. In the meantime, Its Debt-to-Equity ratio is 0.46 whereas as Long-Term Debt/Eq ratio is at 0.44.
On March 13, 2024, Citigroup Downgraded its rating to Neutral which previously was Buy but kept the price unchanged to $22.
Exane BNP Paribas Downgraded its Neutral to Underperform on February 28, 2024, while the target price for the stock was maintained at $16.50.
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 Mar 13 ’24 when GREEN SUSAN MIRANDA sold 6,500 shares for $20.40 per share. The transaction valued at 132,601 led to the insider holds 90,286 shares of the business.
Yocum Arlene M bought 2,000 shares of CLF for $40,050 on Mar 06 ’24. The Director now owns 94,887 shares after completing the transaction at $20.02 per share. On Mar 06 ’24, another insider, GONCALVES LOURENCO, who serves as the Chairman, President & CEO of the company, sold 187,136 shares for $20.19 each. As a result, the insider received 3,778,276 and left with 2,699,089 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 8819744768 and an Enterprise Value of 13612214272. As of this moment, Cleveland-Cliffs’s Price-to-Earnings (P/E) ratio for their current fiscal year is 23.90, and their Forward P/E ratio for the next fiscal year is 9.63. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.42 while its Price-to-Book (P/B) ratio in mrq is 1.19. Its current Enterprise Value per Revenue stands at 0.622 whereas that against EBITDA is 6.522.
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 $13.61. The 50-Day Moving Average of the stock is -11.31%, while the 200-Day Moving Average is calculated to be 3.88%.
Shares Statistics:
Over the past 3-months, CLF traded about 8.41M shares per day on average, while over the past 10 days, CLF traded about 9525980 shares per day. A total of 504.89M shares are outstanding, with a floating share count of 487.98M. Insiders hold about 2.07% of the company’s shares, while institutions hold 68.21% stake in the company. Shares short for CLF as of 1711584000 were 31185666 with a Short Ratio of 3.71, compared to 1709164800 on 29439647. Therefore, it implies a Short% of Shares Outstanding of 31185666 and a Short% of Float of 8.5.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 4.7.
Earnings Estimates
Investors are keenly observing as 8.0 analysts analyze and rate the current performance of Cleveland-Cliffs Inc (CLF) in the stock market.On average, analysts expect EPS of $0.34 for the current quarter, with a high estimate of $0.76 and a low estimate of -$0.31, while EPS last year was $0.67. The consensus estimate for the next quarter is $0.43, with high estimates of $0.67 and low estimates of $0.21.
Analysts are recommending an EPS of between $1.94 and $0.82 for the fiscal current year, implying an average EPS of $1.34. EPS for the following year is $1.94, with 10.0 analysts recommending between $3.06 and $0.85.
Revenue Estimates
7 analysts predict $5.38B in revenue for the current quarter. It ranges from a high estimate of $5.59B to a low estimate of $5.17B. As of the current estimate, Cleveland-Cliffs Inc’s year-ago sales were $5.98BFor the next quarter, 7 analysts are estimating revenue of $5.4B. There is a high estimate of $5.57B for the next quarter, whereas the lowest estimate is $5.2B.
A total of 9 analysts have provided revenue estimates for CLF’s current fiscal year. The highest revenue estimate was $21.99B, while the lowest revenue estimate was $20.81B, resulting in an average revenue estimate of $21.38B. In the same quarter a year ago, actual revenue was $22BBased on 9 analysts’ estimates, the company’s revenue will be $21.21B in the next fiscal year. The high estimate is $22.63B and the low estimate is $20.31B.
