Cleveland-Cliffs Inc [NYSE: CLF] plunged by -$0.35 during the normal trading session on while it closed the day at $17.88.
Cleveland-Cliffs Inc stock has also loss -14.08% of its value over the past 7 days. However, CLF stock has declined by -2.93% in the 3 months of the year. Over the past six months meanwhile, it has gained 12.95% and lost -12.44% year-on date.
The market cap for CLF stock reached $8.91 billion, with 504.89 million shares outstanding and 489.10 million shares in the current float. Compared to the average trading volume of 9.02M shares, CLF reached a trading volume of 9265644 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say 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 $21.80 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 2.67. 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 April 09, 2024. The new note on the price target was released on March 13, 2024, representing the official price target for Cleveland-Cliffs Inc stock. Previously, the target price had yet another raise to $16.50, while Exane BNP Paribas analysts kept a Underperform rating on CLF stock. On February 15, 2024, analysts decreased their price target for CLF shares from 21.50 to 20.
The Average True Range (ATR) for Cleveland-Cliffs Inc is set at 0.72, with the Price to Sales ratio for CLF stock in the period of the last 12 months amounting to 0.41. The Price to Book ratio for the last quarter was 1.18, with the Price to Cash per share for the same quarter was set at 0.06. Price to Free Cash Flow for CLF in the course of the last twelve months was 5.02 with Quick ratio for the last quarter at 0.59.
CLF stock trade performance evaluation
Cleveland-Cliffs Inc [CLF] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -14.08. With this latest performance, CLF shares dropped by -19.20% in over the last four-week period, additionally plugging by 12.95% over the last 6 months – not to mention a rise of 20.49% 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 23.34, with the RSI for the last a single of trading hit 14.25, and the three-weeks RSI is set at 30.55 for Cleveland-Cliffs Inc [CLF]. The present Moving Average for the last 50 days of trading for this stock 20.81, while it was recorded at 18.77 for the last single week of trading, and 17.89 for the last 200 days.
Cleveland-Cliffs Inc [CLF]: An insightful look at the core fundamentals
Cleveland-Cliffs Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.59 and a Current Ratio set at 1.90.
Earnings per share (EPS) analysis for Cleveland-Cliffs Inc [CLF] stock
With the latest financial reports released by the company, Cleveland-Cliffs Inc posted 0.67/share EPS, while the average EPS was predicted by analysts to be reported at 0.69/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -2.90%. 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.
Cleveland-Cliffs Inc [CLF]: Institutional Ownership
The top three institutional holders of CLF stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in CLF stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in CLF stock with ownership which is approximately 5.8386%.
