In the latest session, Cleveland-Cliffs Inc (NYSE: CLF) closed at $22.42 down -1.80% from its previous closing price of $22.83. In other words, the price has decreased by -$0.41 from its previous closing price. On the day, 4733285 shares were traded.
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 56.42 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 7.04. For the most recent quarter (mrq), Quick Ratio is recorded 0.62 and its Current Ratio is at 1.89. In the meantime, Its Debt-to-Equity ratio is 0.46 whereas as Long-Term Debt/Eq ratio is at 0.44.
On February 28, 2024, Exane BNP Paribas Downgraded its rating to Underperform which previously was Neutral but kept the price unchanged to $16.50.
Morgan Stanley Downgraded its Overweight to Equal-Weight on February 15, 2024, whereas the target price for the stock was revised from $21.50 to $20.
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 Mar 13 ’24 when GREEN SUSAN MIRANDA sold 6,500 shares for $20.40 per share. The transaction valued at 132,601 led to the insider holds 90,286 shares of the business.
Yocum Arlene M bought 2,000 shares of CLF for $40,050 on Mar 06 ’24. The Director now owns 94,887 shares after completing the transaction at $20.02 per share. On Mar 06 ’24, another insider, GONCALVES LOURENCO, who serves as the Chairman, President & CEO of the company, sold 187,136 shares for $20.19 each. As a result, the insider received 3,778,276 and left with 2,699,089 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 11.17B and an Enterprise Value of 14.11B. As of this moment, Cleveland-Cliffs’s Price-to-Earnings (P/E) ratio for their current fiscal year is 28.89, and their Forward P/E ratio for the next fiscal year is 11.69. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.51 while its Price-to-Book (P/B) ratio in mrq is 1.44. Its current Enterprise Value per Revenue stands at 0.64 whereas that against EBITDA is 7.59.
Stock Price History:
Over the past 52 weeks, CLF has reached a high of $22.95, while it has fallen to a 52-week low of $13.61. The 50-Day Moving Average of the stock is 20.33, while the 200-Day Moving Average is calculated to be 17.51.
Shares Statistics:
For the past three months, CLF has traded an average of 8.70M shares per day and 6.06M over the past ten days. A total of 504.89M shares are outstanding, with a floating share count of 487.98M. Insiders hold about 2.07% of the company’s shares, while institutions hold 68.50% stake in the company. Shares short for CLF as of Mar 15, 2024 were 31.79M with a Short Ratio of 3.65, compared to 29.34M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 6.38% and a Short% of Float of 7.29%.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 4.70. The current Payout Ratio is 0.00% for CLF, which recently paid a dividend on Apr 15, 2020 with an ex-dividend date of Apr 02, 2020. Stock splits for the company last occurred on May 16, 2008 when the company split stock in a 2:1 ratio.
Earnings Estimates
There are 8 different market analysts currently analyzing its stock. On average, analysts expect EPS of $0.25 for the current quarter, with a high estimate of $0.41 and a low estimate of $0.14, while EPS last year was -$0.11. The consensus estimate for the next quarter is $0.39, with high estimates of $0.86 and low estimates of -$0.31.
Analysts are recommending an EPS of between $2.36 and $0.82 for the fiscal current year, implying an average EPS of $1.36. EPS for the following year is $1.89, with 10 analysts recommending between $2.86 and $0.75.
Revenue Estimates
A total of 7 analysts believe the company’s revenue will be $5.36B this quarter.It ranges from a high estimate of $5.49B to a low estimate of $5.23B. As of the current estimate, Cleveland-Cliffs Inc’s year-ago sales were $5.29B, an estimated increase of 1.30% from the year-ago figure. For the next quarter, 7 analysts are estimating revenue of $5.43B, a decrease of -9.30% less than the figure of $1.30% in the same quarter last year. There is a high estimate of $5.8B for the next quarter, whereas the lowest estimate is $5.17B.
A total of 9 analysts have provided revenue estimates for CLF’s current fiscal year. The highest revenue estimate was $22.12B, while the lowest revenue estimate was $20.81B, resulting in an average revenue estimate of $21.41B. In the same quarter a year ago, actual revenue was $22B, down -2.70% from the average estimate. Based on 9 analysts’ estimates, the company’s revenue will be $21.16B in the next fiscal year. The high estimate is $22.63B and the low estimate is $20.31B. The average revenue growth estimate for next year is down -1.10% from the average revenue estimate for this year.
