In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
In the latest session, Cleveland-Cliffs Inc (NYSE: CLF) closed at $17.20 down -2.27% from its previous closing price of $17.60. In other words, the price has decreased by -$2.27 from its previous closing price. On the day, 8.77 million shares were traded. CLF stock price reached its highest trading level at $17.95 during the session, while it also had its lowest trading level at $17.13.
Ratios:
For a deeper understanding of Cleveland-Cliffs Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 272.61 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 4.61. 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.
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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on May 01 ’24 when GONCALVES LOURENCO bought 60,000 shares for $16.76 per share. The transaction valued at 1,005,666 led to the insider holds 2,759,089 shares of the business.
Bloom Ron A. bought 25,000 shares of CLF for $424,875 on May 01 ’24. The Director now owns 59,900 shares after completing the transaction at $17.00 per share. On Mar 13 ’24, another insider, GREEN SUSAN MIRANDA, who serves as the Director of the company, sold 6,500 shares for $20.40 each. As a result, the insider received 132,601 and left with 90,286 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 8368385536 and an Enterprise Value of 12142190592. As of this moment, Cleveland-Cliffs’s Price-to-Earnings (P/E) ratio for their current fiscal year is 22.92, and their Forward P/E ratio for the next fiscal year is 9.98. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.37 while its Price-to-Book (P/B) ratio in mrq is 1.14. Its current Enterprise Value per Revenue stands at 0.554 whereas that against EBITDA is 5.818.
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 -16.36%, while the 200-Day Moving Average is calculated to be -3.91%.
Shares Statistics:
For the past three months, CLF has traded an average of 8.76M shares per day and 13245530 over the past ten days. A total of 504.89M shares are outstanding, with a floating share count of 465.95M. Insiders hold about 2.00% of the company’s shares, while institutions hold 71.22% stake in the company. Shares short for CLF as of 1713139200 were 28292748 with a Short Ratio of 3.23, compared to 1710460800 on 31787681. Therefore, it implies a Short% of Shares Outstanding of 28292748 and a Short% of Float of 7.71.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 4.7.
