Cleveland-Cliffs Inc (NYSE: CLF) is -43.98% 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 $11.23 in the last trading session, with the day’s gains setting it 0.21%.
Currently trading at $11.44, the stock is -9.44% and -9.29% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 11.07 million and changing 1.87% at the moment leaves the stock -28.85% off its SMA200. CLF registered -32.67% loss for a year compared to 6-month loss of -34.67%. The firm has a 50-day simple moving average (SMA 50) of $12.6004 and a 200-day simple moving average (SMA200) of $16.1205.
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 -16.13% gain in the last 1 month and extending the period to 3 months gives it a -10.90%, and is -4.51% 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 4.44% over the week and 4.45% over the month.
Cleveland-Cliffs Inc (CLF) has around 28000 employees, a market worth around $5.65B and $19.97B in sales. Fwd P/E is 70.42. Profit margin for the company is -2.31%. Distance from 52-week low is 12.05% and -50.20% from its 52-week high. The company has generated returns on investments over the last 12 months (-4.35%).
The EPS is expected to shrink by -159.48% this year.
Cleveland-Cliffs Inc (CLF) Top Institutional Holders
749.0 institutions hold shares in Cleveland-Cliffs Inc (CLF), with institutional investors hold 72.08% of the company’s shares. The shares outstanding are 504.89M, and float is at 483.39M with Short Float at 8.58%. Institutions hold 70.93% 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).
