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After finishing at $10.09 in the prior trading day, Cleveland-Cliffs Inc (NYSE: CLF) closed at $9.47, down -6.14%. In other words, the price has decreased by -$6.14 from its previous closing price. On the day, 26.67 million shares were traded.
Ratios:
Our goal is to gain a better understanding of CLF by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.55 and its Current Ratio is at 2.08. In the meantime, Its Debt-to-Equity ratio is 1.17 whereas as Long-Term Debt/Eq ratio is at 1.15.
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:
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 Feb 28 ’25 when Koci Keith bought 9,500 shares for $10.81 per share. The transaction valued at 102,742 led to the insider holds 543,475 shares of the business.
CRONIN JANE M. bought 10,000 shares of CLF for $105,606 on Feb 28 ’25. The Director now owns 24,522 shares after completing the transaction at $10.56 per share. On Nov 20 ’24, another insider, Bloom Ron A., who serves as the Director of the company, sold 1,554 shares for $11.77 each. As a result, the insider received 18,283 and left with 64,024 shares of the company.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 0.24 while its Price-to-Book (P/B) ratio in mrq is 0.70.
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 $8.99. The 50-Day Moving Average of the stock is -7.93%, while the 200-Day Moving Average is calculated to be -26.25%.
Shares Statistics:
A total of 493.95M shares are outstanding, with a floating share count of 483.61M. Insiders hold about 2.20% of the company’s shares, while institutions hold 73.36% stake in the company.
Earnings Estimates
A detailed examination of Cleveland-Cliffs Inc (CLF) is currently in progress, with 3.0 analysts providing valuable insights into its market dynamics.The consensus estimate for the next quarter is -$0.25, with high estimates of -$0.19 and low estimates of -$0.34.
Analysts are recommending an EPS of between -$0.2 and -$0.86 for the fiscal current year, implying an average EPS of -$0.64. EPS for the following year is $0.79, with 2.0 analysts recommending between $1.04 and $0.54.
Revenue Estimates
6 analysts predict $4.75B in revenue for the current quarter. It ranges from a high estimate of $4.94B to a low estimate of $4.59B. As of the current estimate, Cleveland-Cliffs Inc’s year-ago sales were $5.2BFor the next quarter, 6 analysts are estimating revenue of $5.28B. There is a high estimate of $5.58B for the next quarter, whereas the lowest estimate is $4.91B.
A total of 10 analysts have provided revenue estimates for CLF’s current fiscal year. The highest revenue estimate was $21.6B, while the lowest revenue estimate was $19.42B, resulting in an average revenue estimate of $20.46B. In the same quarter a year ago, actual revenue was $19.18BBased on 7 analysts’ estimates, the company’s revenue will be $21.77B in the next fiscal year. The high estimate is $23.7B and the low estimate is $19.76B.
