In the past week, CLF stock has gone down by -6.83%, with a monthly decline of -7.07% and a quarterly plunge of -29.51%. The volatility ratio for the week is 3.34%, and the volatility levels for the last 30 days are 3.56% for Cleveland-Cliffs Inc. The simple moving average for the past 20 days is -5.13% for CLF’s stock, with a -16.77% simple moving average for the past 200 days.
Is It Worth Investing in Cleveland-Cliffs Inc. (NYSE: CLF) Right Now?
Cleveland-Cliffs Inc. (NYSE: CLF) has a higher price-to-earnings ratio of 15.85x compared to its average ratio. compared to its average ratio and a 36-month beta value of 2.20. Analysts have mixed views on the stock, with 6 analysts rating it as a “buy,” 0 as “overweight,” 7 as “hold,” and 0 as “sell.”
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The average price point forecasted by analysts for Cleveland-Cliffs Inc. (CLF) is $20.81, which is $7.08 above the current market price. The public float for CLF is 508.28M, and currently, short sellers hold a 6.36% ratio of that float. The average trading volume of CLF on May 25, 2023 was 9.84M shares.
CLF) stock’s latest price update
Cleveland-Cliffs Inc. (NYSE: CLF)’s stock price has decreased by -3.93 compared to its previous closing price of 14.77. However, the company has seen a -6.83% decrease in its stock price over the last five trading sessions. Barron’s reported on 02/14/23 that Steel Maker Cleveland-Cliffs Beats Wall Street Earnings Estimates. The Stock Falls.
CLF Trading at -14.01% 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 -42.46% of loss for the given period.
Volatility was left at 3.56%, however, over the last 30 days, the volatility rate increased by 3.34%, as shares sank -4.38% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -26.78% lower at present.
During the last 5 trading sessions, CLF fell by -6.83%, which changed the moving average for the period of 200-days by -23.59% in comparison to the 20-day moving average, which settled at $14.92. In addition, Cleveland-Cliffs Inc. saw -11.92% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at CLF starting from MICHAEL RALPH S III, who purchase 10,000 shares at the price of $14.96 back on May 02. After this action, MICHAEL RALPH S III now owns 171,840 shares of Cleveland-Cliffs Inc., valued at $149,592 using the latest closing price.
Goncalves Celso L Jr, the EVP, CFO of Cleveland-Cliffs Inc., purchase 6,500 shares at $15.18 during a trade that took place back on May 01, which means that Goncalves Celso L Jr is holding 237,727 shares at $98,697 based on the most recent closing price.
Stock Fundamentals for CLF
Current profitability levels for the company are sitting at:
- +7.46 for the present operating margin
- +9.84 for the gross margin
The net margin for Cleveland-Cliffs Inc. stands at +5.79. The total capital return value is set at 14.11, while invested capital returns managed to touch 11.34. Equity return is now at value 6.60, with 2.50 for asset returns.
Based on Cleveland-Cliffs Inc. (CLF), the company’s capital structure generated 60.35 points at debt to equity in total, while total debt to capital is 37.64. Total debt to assets is 25.07, with long-term debt to equity ratio resting at 58.61. Finally, the long-term debt to capital ratio is 36.55.
When we switch over and look at the enterprise to sales, we see a ratio of 0.55, with the company’s debt to enterprise value settled at 0.35. The receivables turnover for the company is 11.18 and the total asset turnover is 1.22. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.09.
Conclusion
To put it simply, Cleveland-Cliffs Inc. (CLF) has had a bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
