Market Recap: Cleveland-Cliffs Inc (CLF)’s Positive Momentum, Closing at 15.95

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The closing price of Cleveland-Cliffs Inc (NYSE: CLF) was $15.95 for the day, up 2.05% from the previous closing price of $15.63. In other words, the price has increased by $2.05 from its previous closing price. On the day, 7.04 million shares were traded. CLF stock price reached its highest trading level at $15.95 during the session, while it also had its lowest trading level at $15.75.


Our analysis of CLF’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 252.80 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 4.28. For the most recent quarter (mrq), Quick Ratio is recorded 0.59 and its Current Ratio is at 1.90. In the meantime, Its Debt-to-Equity ratio is 0.51 whereas as Long-Term Debt/Eq ratio is at 0.51.

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:

Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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 7583842304 and an Enterprise Value of 11547845632. As of this moment, Cleveland-Cliffs’s Price-to-Earnings (P/E) ratio for their current fiscal year is 21.25, and their Forward P/E ratio for the next fiscal year is 15.36. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.35 while its Price-to-Book (P/B) ratio in mrq is 1.05. Its current Enterprise Value per Revenue stands at 0.527 whereas that against EBITDA is 5.533.

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 -4.06%, while the 200-Day Moving Average is calculated to be -11.59%.

Shares Statistics:

CLF traded an average of 9.07M shares per day over the past three months and 11687240 shares per day over the past ten days. A total of 504.89M shares are outstanding, with a floating share count of 465.94M. Insiders hold about 2.01% of the company’s shares, while institutions hold 69.61% stake in the company. Shares short for CLF as of 1718323200 were 34807419 with a Short Ratio of 3.84, compared to 1715731200 on 33439601. Therefore, it implies a Short% of Shares Outstanding of 34807419 and a Short% of Float of 9.49.

Dividends & Splits

The stock’s 5-year Average Dividend Yield is 4.7.

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