Cleveland-Cliffs Inc. [NYSE: CLF] loss -7.43% on the last trading session, reaching $13.34 price per share at the time. The company report on February 25, 2021 that Cleveland-Cliffs Reports Fourth-Quarter and Full-Year 2020 Results.
Cleveland-Cliffs Inc. (NYSE: CLF) reported fourth-quarter and full-year results for the period ended December 31, 2020.
On December 9, 2020, Cleveland-Cliffs completed the acquisition of substantially all the operations of ArcelorMittal USA LLC (“ArcelorMittal USA”), which has since been renamed to Cleveland-Cliffs Steel LLC. The results set forth in this release only consider the operating results of Cleveland-Cliffs Steel LLC for the period from December 9, 2020 through December 31, 2020.
Cleveland-Cliffs Inc. represents 399.40 million in outstanding shares, while the company has a total market value of $7.19 billion with the latest information. CLF stock price has been found in the range of $13.30 to $14.89.
If compared to the average trading volume of 16.93M shares, CLF reached a trading volume of 100863040 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Cleveland-Cliffs Inc. [CLF]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CLF shares is $19.26 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CLF stock is a recommendation set at 2.60. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Exane BNP Paribas have made an estimate for Cleveland-Cliffs Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on January 19, 2021. The new note on the price target was released on November 20, 2020, representing the official price target for Cleveland-Cliffs Inc. stock. Previously, the target price had yet another raise to $4.50, while Credit Suisse analysts kept a Neutral rating on CLF stock.
The Average True Range (ATR) for Cleveland-Cliffs Inc. is set at 1.15, with the Price to Sales ratio for CLF stock in the period of the last 12 months amounting to 1.34. The Price to Book ratio for the last quarter was 6.57, with the Price to Cash per share for the same quarter was set at 0.10.
Trading performance analysis for CLF stock
Cleveland-Cliffs Inc. [CLF] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -21.62. With this latest performance, CLF shares dropped by -15.09% in over the last four-week period, additionally plugging by 107.14% over the last 6 months – not to mention a rise of 132.81% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CLF stock in for the last two-week period is set at 34.24, with the RSI for the last a single of trading hit 26.58, and the three-weeks RSI is set at 39.78 for Cleveland-Cliffs Inc. [CLF]. The present Moving Average for the last 50 days of trading for this stock 15.90, while it was recorded at 15.77 for the last single week of trading, and 9.24 for the last 200 days.
Cleveland-Cliffs Inc. [CLF]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Cleveland-Cliffs Inc. [CLF] shares currently have an operating margin of +0.15 and a Gross Margin at +4.71. Cleveland-Cliffs Inc.’s Net Margin is presently recorded at -2.30.
Return on Total Capital for CLF is now 0.15, given the latest momentum, and Return on Invested Capital for the company is -2.25. Return on Equity for this stock declined to -7.16, with Return on Assets sitting at -1.20. When it comes to the capital structure of this company, Cleveland-Cliffs Inc. [CLF] has a Total Debt to Total Equity ratio set at 175.06. Additionally, CLF Total Debt to Total Capital is recorded at 63.64, with Total Debt to Total Assets ending up at 32.14. Long-Term Debt to Equity for the company is recorded at 230.24, with the Long-Term Debt to Total Capital now at 63.64.
Receivables Turnover for the company is 7.96 with a Total Asset Turnover recorded at a value of 0.52.Cleveland-Cliffs Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.70 and a Current Ratio set at 2.20.
Cleveland-Cliffs Inc. [CLF]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Cleveland-Cliffs Inc. posted -0.19/share EPS, while the average EPS was predicted by analysts to be reported at -0.16/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -18.80%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CLF. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Cleveland-Cliffs Inc. go to 27.43%.
An analysis of insider ownership at Cleveland-Cliffs Inc. [CLF]
There are presently around $3,889 million, or 59.50% of CLF stock, in the hands of institutional investors. The top three institutional holders of CLF stocks are: BLACKROCK INC. with ownership of 60,856,942, which is approximately 3.42% of the company’s market cap and around 1.30% of the total institutional ownership; VANGUARD GROUP INC, holding 40,754,661 shares of the stock with an approximate value of $543.67 million in CLF stocks shares; and FMR LLC, currently with $261.09 million in CLF stock with ownership of nearly 31.466% of the company’s market capitalization.
Positions in Cleveland-Cliffs Inc. stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 169 institutional holders increased their position in Cleveland-Cliffs Inc. [NYSE:CLF] by around 44,174,599 shares. Additionally, 157 investors decreased positions by around 22,879,156 shares, while 58 investors held positions by with 224,499,129 shares. The mentioned changes placed institutional holdings at 291,552,884 shares, according to the latest SEC report filing. CLF stock had 78 new institutional investments in for a total of 17,784,630 shares, while 35 institutional investors sold positions of 5,325,406 shares during the same period.