Cleveland-Cliffs Inc [NYSE: CLF] loss -0.15% on the last trading session, reaching $12.98 price per share at the time.
If compared to the average trading volume of 11.74M shares, CLF reached a trading volume of 8007306 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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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 $14.39 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 2.86. 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.
Seaport Research Partners have made an estimate for Cleveland-Cliffs Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on August 27, 2024. While these analysts kept the previous recommendation, JP Morgan dropped their target price from $23 to $17. The new note on the price target was released on June 11, 2024, representing the official price target for Cleveland-Cliffs Inc stock. Previously, the target price had yet another raise to $22, while Jefferies analysts kept a Buy rating on CLF stock.
The Average True Range (ATR) for Cleveland-Cliffs Inc is set at 0.50, with the Price to Sales ratio for CLF stock in the period of the last 12 months amounting to 0.29. The Price to Book ratio for the last quarter was 0.85, with the Price to Cash per share for the same quarter was set at 0.24. Price to Free Cash Flow for CLF in the course of the last twelve months was 4.40 with Quick ratio for the last quarter at 0.60.
Trading performance analysis for CLF stock
Cleveland-Cliffs Inc [CLF] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.64. With this latest performance, CLF shares gained by 13.86% in over the last four-week period, additionally sinking by -42.11% over the last 6 months – not to mention a drop of -14.49% 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 57.08, with the RSI for the last a single of trading hit 63.52, and the three-weeks RSI is set at 52.36 for Cleveland-Cliffs Inc [CLF]. The present Moving Average for the last 50 days of trading for this stock 12.76, while it was recorded at 12.95 for the last single week of trading, and 17.08 for the last 200 days.
Cleveland-Cliffs Inc [CLF]: A deeper dive into fundamental analysis
Cleveland-Cliffs Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.60 and a Current Ratio set at 1.87.
Cleveland-Cliffs Inc [CLF]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Cleveland-Cliffs Inc posted 0.52/share EPS, while the average EPS was predicted by analysts to be reported at 0.43/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.09. 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.
An analysis of Institutional ownership at Cleveland-Cliffs Inc [CLF]
There are presently around $74.12%, or 75.40%% of CLF stock, in the hands of institutional investors. The top three institutional holders of CLF stocks are: BLACKROCK INC. with ownership of 51.42 million shares, which is approximately 10.4506%. VANGUARD GROUP INC, holding 46.89 million shares of the stock with an approximate value of $$721.69 million in CLF stocks shares; and VANGUARD GROUP INC, currently with $$354.65 million in CLF stock with ownership which is approximately 4.6838%.
