Cleveland-Cliffs Inc. (NYSE:CLF) went up by 2.70% from its latest closing price compared to the recent 1-year high of $20.87. The company’s stock price has collected -0.67% of loss in the last five trading sessions. Press Release reported on 04/28/21 that Cleveland-Cliffs Issues Its Sustainability Report 2020 Executive Summary
Is It Worth Investing in Cleveland-Cliffs Inc. (NYSE :CLF) Right Now?
Plus, the 36-month beta value for CLF is at 2.23. Opinions of the stock are interesting as 2 analysts out of 7 who provided ratings for Cleveland-Cliffs Inc. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 5 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $22.52, which is $2.99 above the current price. CLF currently public float of 414.15M and currently shorts hold a 10.11% ratio of that float. Today, the average trading volume of CLF was 21.30M shares.
CLF’s Market Performance
CLF stocks went down by -0.67% for the week, with a monthly drop of -11.19% and a quarterly performance of 16.43%, while its annual performance rate touched 307.76%. The volatility ratio for the week stands at 6.46% while the volatility levels for the past 30 days are set at 6.23% for Cleveland-Cliffs Inc.. The simple moving average for the period of the last 20 days is -0.84% for CLF stocks with a simple moving average of 52.83% for the last 200 days.
Analysts’ Opinion of CLF
Exane BNP Paribas, on the other hand, stated in their research note that they expect to see CLF reach a price target of $19.20. The rating they have provided for CLF stocks is “Neutral” according to the report published on April 19th, 2021.
Goldman gave a rating of “Neutral” to CLF, setting the target price at $20 in the report published on April 09th of the current year.
CLF Trading at 6.60% from the 50-Day Moving Average
After a stumble in the market that brought CLF to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -14.42% of loss for the given period.
Volatility was left at 6.23%, however, over the last 30 days, the volatility rate increased by 6.46%, as shares sank -8.03% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +7.59% upper at present.
During the last 5 trading sessions, CLF fell by -0.67%, which changed the moving average for the period of 200-days by +196.68% in comparison to the 20-day moving average, which settled at $17.93. In addition, Cleveland-Cliffs Inc. saw 22.66% in overturn over a single year, with a tendency to cut further gains.
Reports are indicating that there were more than several insider trading activities at CLF starting from Koci Keith, who purchase 15,000 shares at the price of $13.45 back on Mar 05. After this action, Koci Keith now owns 210,033 shares of Cleveland-Cliffs Inc., valued at $201,735 using the latest closing price.
Stock Fundamentals for CLF
Current profitability levels for the company are sitting at:
- +3.00 for the present operating margin
- +6.98 for the gross margin
The net margin for Cleveland-Cliffs Inc. stands at -2.35. The total capital return value is set at 2.72, while invested capital returns managed to touch -2.22. Equity return is now at value -1.90, with -0.20 for asset returns.
Based on Cleveland-Cliffs Inc. (CLF), the company’s capital structure generated 217.31 points at debt to equity in total, while total debt to capital is 68.48. Total debt to assets is 35.71, with long-term debt to equity ratio resting at 289.64. Finally, the long-term debt to capital ratio is 66.84.
When we switch over and look at the enterprise to sales, we see a ratio of 2.38, with the company’s debt to enterprise value settled at 0.48. The receivables turnover for the company is 7.78 and the total asset turnover is 0.51. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.81.