Cleveland-Cliffs Inc. [CLF] fell -27.88% so far this year. What now?

Cleveland-Cliffs Inc. [NYSE: CLF] price plunged by -1.26 percent to reach at -$0.2. The company report on October 25, 2022 that Cleveland-Cliffs Reports Third-Quarter 2022 Results and Announces $1.8 Billion Reduction in Net Pension/OPEB Liabilities.


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Third-quarter revenue of $5.7 billion.

A sum of 4981819 shares traded at recent session while its average daily volume was at 13.94M shares. Cleveland-Cliffs Inc. shares reached a high of $16.09 and dropped to a low of $15.605 until finishing in the latest session at $15.70.

The one-year CLF stock forecast points to a potential upside of 8.03. The average equity rating for CLF stock is currently 2.80, trading closer to a bullish pattern in the stock market.

Guru’s Opinion on 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 $17.07 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 2.80. 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.

Wolfe Research have made an estimate for Cleveland-Cliffs Inc. shares, keeping their opinion on the stock as Underperform, with their previous recommendation back on November 02, 2022. The new note on the price target was released on October 18, 2022, representing the official price target for Cleveland-Cliffs Inc. stock. Previously, the target price had yet another raise to $23, while Wolfe Research analysts kept a Peer Perform rating on CLF stock.

The Average True Range (ATR) for Cleveland-Cliffs Inc. is set at 0.88, with the Price to Sales ratio for CLF stock in the period of the last 12 months amounting to 0.34. The Price to Book ratio for the last quarter was 1.16, with the Price to Cash per share for the same quarter was set at 0.11. Price to Free Cash Flow for CLF in the course of the last twelve months was 3.74 with Quick ratio for the last quarter at 0.80.

CLF Stock Performance Analysis:

Cleveland-Cliffs Inc. [CLF] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 6.44. With this latest performance, CLF shares gained by 6.37% in over the last four-week period, additionally sinking by -33.08% over the last 6 months – not to mention a drop of -31.05% 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 56.99, with the RSI for the last a single of trading hit 60.62, and the three-weeks RSI is set at 54.27 for Cleveland-Cliffs Inc. [CLF]. The present Moving Average for the last 50 days of trading for this stock 14.49, while it was recorded at 15.32 for the last single week of trading, and 19.96 for the last 200 days.

Insight into Cleveland-Cliffs Inc. Fundamentals:

Cleveland-Cliffs Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.80 and a Current Ratio set at 2.30.

CLF Stock EPS

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%.

Cleveland-Cliffs Inc. [CLF] Insider Position Details

There are presently around $5,377 million, or 67.60% of CLF stock, in the hands of institutional investors. The top three institutional holders of CLF stocks are: BLACKROCK INC. with ownership of 54,108,703, which is approximately 2.091% of the company’s market cap and around 0.20% of the total institutional ownership; VANGUARD GROUP INC, holding 45,757,539 shares of the stock with an approximate value of $718.39 million in CLF stocks shares; and FMR LLC, currently with $356.45 million in CLF stock with ownership of nearly 1.397% of the company’s market capitalization.

314 institutional holders increased their position in Cleveland-Cliffs Inc. [NYSE:CLF] by around 42,247,763 shares. Additionally, 273 investors decreased positions by around 21,685,251 shares, while 97 investors held positions by with 278,580,422 shares. The mentioned changes placed institutional holdings at 342,513,436 shares, according to the latest SEC report filing. CLF stock had 72 new institutional investments in for a total of 21,521,454 shares, while 86 institutional investors sold positions of 5,637,618 shares during the same period.

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