Cleveland-Cliffs Inc (NYSE: CLF) is -9.16% lower on its value in year-to-date trading and has touched a low of $13.61 and a high of $22.97 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The CLF stock was last observed hovering at around $20.85 in the last trading session, with the day’s loss setting it -2.3%.
Currently trading at $18.55, the stock is -15.07% and -11.31% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 32.29 million and changing -11.03% at the moment leaves the stock 3.88% off its SMA200. CLF registered 16.81% gain for a year compared to 6-month gain of 27.14%.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The stock witnessed a -12.75% loss in the last 1 month and extending the period to 3 months gives it a 2.77%, and is -11.83% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.06% over the week and 2.98% over the month.
Cleveland-Cliffs Inc (CLF) has around 28000 employees, a market worth around $9.24B and $22.00B in sales. Current P/E ratio is 23.90 and Fwd P/E is 9.70. Profit margin for the company is 1.81%. Distance from 52-week low is 36.30% and -19.24% from its 52-week high. The company has generated returns on investments over the last 12 months (3.50%).
The EPS is expected to grow by 7.26% this year.
Cleveland-Cliffs Inc (CLF) Top Institutional Holders
The shares outstanding are 504.89M, and float is at 487.98M with Short Float at 6.39%.
Cleveland-Cliffs Inc (CLF) Insider Activity
The most recent transaction is an insider sale by GREEN SUSAN MIRANDA,the company’sDirector. SEC filings show that GREEN SUSAN MIRANDA sold 6,500 shares of the company’s common stock on Mar 13 ’24 at a price of $20.40 per share for a total of $0.13 million. Following the sale, the insider now owns 90286.0 shares.
Cleveland-Cliffs Inc disclosed in a document filed with the SEC on Mar 06 ’24 that Yocum Arlene M (Director) bought a total of 2,000 shares of the company’s common stock. The trade occurred on Mar 06 ’24 and was made at $20.02 per share for $40050.0. Following the transaction, the insider now directly holds 94887.0 shares of the CLF stock.
Still, SEC filings show that on Mar 06 ’24, GONCALVES LOURENCO (Chairman, President & CEO) disposed off 187,136 shares at an average price of $20.19 for $3.78 million. The insider now directly holds 2,699,089 shares of Cleveland-Cliffs Inc (CLF).
