Cleveland-Cliffs Inc (NYSE: CLF) is -36.92% lower on its value in year-to-date trading and has touched a low of $10.21 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 $13.05 in the last trading session, with the day’s loss setting it -0.17%.
Currently trading at $12.88, the stock is 2.15% and 2.57% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 7.86 million and changing -1.30% at the moment leaves the stock -23.54% off its SMA200. CLF registered -15.04% loss for a year compared to 6-month loss of -38.78%. The firm has a 50-day simple moving average (SMA 50) of $12.5568 and a 200-day simple moving average (SMA200) of $16.8457.
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The stock witnessed a 9.62% gain in the last 1 month and extending the period to 3 months gives it a -16.90%, and is 1.34% up 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 3.04% over the week and 3.28% over the month.
Cleveland-Cliffs Inc (CLF) has around 28000 employees, a market worth around $6.03B and $21.01B in sales. Current P/E ratio is 161.61 and Fwd P/E is 24.23. Profit margin for the company is 0.21%. Distance from 52-week low is 26.15% and -43.93% from its 52-week high. The company has generated returns on investments over the last 12 months (0.41%).
with sales reaching $4.78B over the same period.The EPS is expected to shrink by -133.99% this year, but quarterly earnings will post -9.70% year-over-year. Quarterly sales are estimated to shrink -14.80% in year-over-year returns.
Cleveland-Cliffs Inc (CLF) Top Institutional Holders
818.0 institutions hold shares in Cleveland-Cliffs Inc (CLF), with institutional investors hold 75.23% of the company’s shares. The shares outstanding are 504.89M, and float is at 458.04M with Short Float at 10.51%. Institutions hold 73.95% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 51.42 million shares valued at $791.31 million. The investor’s holdings represent 10.4506% of the CLF Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 46.89 million shares valued at $721.69 million to account for 9.5312 of the shares outstanding. The other top investors are STATE STREET CORP which holds 23.04 million shares representing 4.6838% and valued at over $354.65 million, while PACER ADVISORS, INC. holds 4.5773 of the shares totaling 22.52 million with a market value of $346.59 million.
Cleveland-Cliffs Inc (CLF) Insider Activity
The most recent transaction is an insider purchase by BALDWIN JOHN T, the company’s Director. SEC filings show that BALDWIN JOHN T bought 8,000 shares of the company’s common stock on Aug 01 ’24 at a price of $14.53 per share for a total of $0.12 million. Following the purchase, the insider now owns 0.13 million shares.
Cleveland-Cliffs Inc disclosed in a document filed with the SEC on Jun 11 ’24 that Taylor Douglas C (Director) sold a total of 36,000 shares of the company’s common stock. The trade occurred on Jun 11 ’24 and was made at $14.87 per share for $0.54 million. Following the transaction, the insider now directly holds 0.1 million shares of the CLF stock.
Still, SEC filings show that on Jun 13 ’24, MICHAEL RALPH S III (Director) acquired 20,000 shares at an average price of $14.74 for $0.29 million. The insider now directly holds 199,519 shares of Cleveland-Cliffs Inc (CLF).
