Investors aiming for above-average returns often turn to the practice of stock picking. Skillful choices in individual stocks can be a catalyst for substantial wealth growth.
The price of Cleveland-Cliffs Inc (NYSE: CLF) closed at $12.02 in the last session, up 4.70% from day before closing price of $11.48. In other words, the price has increased by $4.70 from its previous closing price. On the day, 18.03 million shares were traded.
Ratios:
We take a closer look at CLF’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 152.24 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 10.99. 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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of 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:
For the stock, the TTM Price-to-Sale (P/S) ratio is 0.30 while its Price-to-Book (P/B) ratio in mrq is 0.82.
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 15.78%, while the 200-Day Moving Average is calculated to be -8.70%.
Shares Statistics:
A total of 493.94M shares are outstanding, with a floating share count of 483.53M. Insiders hold about 2.11% of the company’s shares, while institutions hold 73.53% stake in the company.
Earnings Estimates
The stock of Cleveland-Cliffs Inc (CLF) is currently in the spotlight, with 3.0 analysts actively rating and assessing its market standing.The consensus estimate for the next quarter is -$0.55, with high estimates of -$0.42 and low estimates of -$0.68.
Analysts are recommending an EPS of between -$0.56 and -$0.77 for the fiscal current year, implying an average EPS of -$0.67. EPS for the following year is -$0.36, with 5.0 analysts recommending between $0.65 and -$0.86.
Revenue Estimates
According to 3 analysts, the current quarter’s revenue is expected to be $4.31B. It ranges from a high estimate of $4.33B to a low estimate of $4.3B. As of the current estimate, Cleveland-Cliffs Inc’s year-ago sales were $5.11BFor the next quarter, 3 analysts are estimating revenue of $4.85B. There is a high estimate of $4.97B for the next quarter, whereas the lowest estimate is $4.68B.
A total of 3 analysts have provided revenue estimates for CLF’s current fiscal year. The highest revenue estimate was $19.19B, while the lowest revenue estimate was $19.16B, resulting in an average revenue estimate of $19.17B. In the same quarter a year ago, actual revenue was $22BBased on 9 analysts’ estimates, the company’s revenue will be $20.51B in the next fiscal year. The high estimate is $21.79B and the low estimate is $19.51B.
