The price-to-earnings ratio for Cleveland-Cliffs Inc (NYSE: CLF) is above average at 26.81x, Company’s 36-month beta value is 2.04.Analysts have differing opinions on the stock, with 1 analysts rating it as a “buy,” 1 as “overweight,” 5 as “hold,” and 2 as “sell.”
The public float for CLF is 487.98M, and currently, short sellers hold a 6.39% ratio of that floaft. The average trading volume of CLF on April 22, 2024 was 8.39M shares.
CLF) stock’s latest price update
Cleveland-Cliffs Inc (NYSE: CLF) has seen a decline in its stock price by -0.10 in relation to its previous close of 20.83. However, the company has experienced a -3.84% decline in its stock price over the last five trading sessions. InvestorPlace reported 2024-04-19 that Things seemed to be slowing down after interest rates were raised eleven times in the previous 18 months, but according to the most recent data, the inflation rate for the last 12 months as of March is 3.5%, which has many people searching for steel stocks to sell from their portfolio. The logic is straightforward.
CLF’s Market Performance
CLF’s stock has fallen by -3.84% in the past week, with a monthly drop of -1.84% and a quarterly rise of 17.37%. The volatility ratio for the week is 3.02% while the volatility levels for the last 30 days are 2.56% for Cleveland-Cliffs Inc The simple moving average for the last 20 days is -4.94% for CLF stock, with a simple moving average of 16.85% for the last 200 days.
Analysts’ Opinion of CLF
Many brokerage firms have already submitted their reports for CLF stocks, with Wolfe Research repeating the rating for CLF by listing it as a “Underperform.” The predicted price for CLF in the upcoming period, according to Wolfe Research is $18 based on the research report published on April 09, 2024 of the current year 2024.
Citigroup, on the other hand, stated in their research note that they expect to see CLF reach a price target of $22. The rating they have provided for CLF stocks is “Neutral” according to the report published on March 13th, 2024.
Exane BNP Paribas gave a rating of “Underperform” to CLF, setting the target price at $16.50 in the report published on February 28th of the current year.
CLF Trading at -0.26% 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 -9.40% of loss for the given period.
Volatility was left at 2.56%, however, over the last 30 days, the volatility rate increased by 3.02%, as shares sank -2.80% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +5.21% upper at present.
During the last 5 trading sessions, CLF fell by -3.84%, which changed the moving average for the period of 200-days by +27.90% in comparison to the 20-day moving average, which settled at $21.86. In addition, Cleveland-Cliffs Inc saw 1.91% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at CLF starting from GREEN SUSAN MIRANDA, who sale 6,500 shares at the price of $20.40 back on Mar 13 ’24. After this action, GREEN SUSAN MIRANDA now owns 90,286 shares of Cleveland-Cliffs Inc, valued at $132,601 using the latest closing price.
Yocum Arlene M, the Director of Cleveland-Cliffs Inc, purchase 2,000 shares at $20.02 during a trade that took place back on Mar 06 ’24, which means that Yocum Arlene M is holding 94,887 shares at $40,050 based on the most recent closing price.
Stock Fundamentals for CLF
Current profitability levels for the company are sitting at:
- 0.03 for the present operating margin
- 0.06 for the gross margin
The net margin for Cleveland-Cliffs Inc stands at 0.02. The total capital return value is set at 0.05. Equity return is now at value 5.08, with 2.19 for asset returns.
Based on Cleveland-Cliffs Inc (CLF), the company’s capital structure generated 0.29 points at debt to capital in total, while cash flow to debt ratio is standing at 0.7. The debt to equity ratio resting at 0.41. The interest coverage ratio of the stock is 2.52.
Currently, EBITDA for the company is 2.0 billion with net debt to EBITDA at 1.47. When we switch over and look at the enterprise to sales, we see a ratio of 0.61. The receivables turnover for the company is 11.95for trailing twelve months and the total asset turnover is 1.25. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.89.
Conclusion
In a nutshell, Cleveland-Cliffs Inc (CLF) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
