Cleveland-Cliffs Inc (NYSE: CLF) is -4.04% lower on its value in year-to-date trading and has touched a low of $8.51 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 $8.75 in the last trading session, with the day’s gains setting it 0.27%.
Currently trading at $9.02, the stock is -15.40% and -12.41% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 34.77 million and changing 3.09% at the moment leaves the stock -28.63% off its SMA200. CLF registered -56.90% loss for a year compared to 6-month loss of -20.88%.
The stock witnessed a -10.16% gain in the last 1 month and extending the period to 3 months gives it a -25.21%, and is -4.75% 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 8.67% over the week and 7.49% over the month.
Cleveland-Cliffs Inc (CLF) has around 30000 employees, a market worth around $4.46B and $19.18B in sales. Fwd P/E is 18.13. Profit margin for the company is -3.93%. Distance from 52-week low is 5.99% and -60.73% from its 52-week high. The company has generated returns on investments over the last 12 months (-5.26%).
with sales reaching $4.73B over the same period.The EPS is expected to grow by 45.39% this year, but quarterly earnings will post 7.21% year-over-year. Quarterly sales are estimated to shrink -9.06% in year-over-year returns.
Cleveland-Cliffs Inc (CLF) Top Institutional Holders
The shares outstanding are 493.95M, and float is at 483.61M with Short Float at 10.14%.
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 4.8719% and valued at over $354.65 million, while PACER ADVISORS, INC. holds 4.7611 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 4,000 shares of the company’s common stock on Mar 10 ’25 at a price of $8.70 per share for a total of $34800.0. Following the purchase, the insider now owns 0.13 million shares.
Cleveland-Cliffs Inc disclosed in a document filed with the SEC on Feb 28 ’25 that Koci Keith (EVP & President, CC Services) bought a total of 9,500 shares of the company’s common stock. The trade occurred on Feb 28 ’25 and was made at $10.81 per share for $0.1 million. Following the transaction, the insider now directly holds 0.54 million shares of the CLF stock.
Still, SEC filings show that on Feb 28 ’25, CRONIN JANE M. (Director) acquired 10,000 shares at an average price of $10.56 for $0.11 million. The insider now directly holds 24,522 shares of Cleveland-Cliffs Inc (CLF).
