Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
As of close of business last night, Cleveland-Cliffs Inc’s stock clocked out at $10.42, up 1.76% from its previous closing price of $10.24. In other words, the price has increased by $1.76 from its previous closing price. On the day, 8.95 million shares were traded. CLF stock price reached its highest trading level at $10.56 during the session, while it also had its lowest trading level at $10.23.
Ratios:
To gain a deeper understanding of CLF’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 131.97 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 9.53. 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.
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 this company, Goldman on December 02, 2024, initiated with a Buy rating and assigned the stock a target price of $16.
On August 27, 2024, Seaport Research Partners Upgraded its rating to Buy which previously was Neutral but kept the price unchanged to $16.50.
JP Morgan Downgraded its Overweight to Neutral on June 11, 2024, whereas the target price for the stock was revised from $23 to $17.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future 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 5146896384 and an Enterprise Value of 9149891584. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.26 while its Price-to-Book (P/B) ratio in mrq is 0.71. Its current Enterprise Value per Revenue stands at 0.458 whereas that against EBITDA is 8.567.
Stock Price History:
The Beta on a monthly basis for CLF is 1.95, which has changed by -0.41229552 over the last 52 weeks, in comparison to a change of 0.22677135 over the same period for the S&P500. Over the past 52 weeks, CLF has reached a high of $22.97, while it has fallen to a 52-week low of $8.99. The 50-Day Moving Average of the stock is -6.18%, while the 200-Day Moving Average is calculated to be -26.78%.
Shares Statistics:
It appears that CLF traded 14.69M shares on average per day over the past three months and 15244650 shares per day over the past ten days. A total of 493.94M shares are outstanding, with a floating share count of 484.06M. Insiders hold about 2.00% of the company’s shares, while institutions hold 70.21% stake in the company. Shares short for CLF as of 1735603200 were 42262560 with a Short Ratio of 2.88, compared to 1732838400 on 44172146. Therefore, it implies a Short% of Shares Outstanding of 42262560 and a Short% of Float of 10.97.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 4.7. The current Payout Ratio is 0.00% for CLF, which recently paid a dividend on 2020-04-02 with an ex-dividend date of 1585785600. Stock splits for the company last occurred on 2008-05-16 when the company split stock in a 2:1 ratio.
