At the time of writing, Cleveland-Cliffs Inc [CLF] stock is trading at $15.64, down -1.94%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The CLF shares have gain 4.27% over the last week, with a monthly amount drifted -5.21%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Cleveland-Cliffs Inc [NYSE: CLF] stock has seen the most recent analyst activity on June 11, 2024, when JP Morgan downgraded its rating to a Neutral and also revised its price target to $17 from $23. Previously, Jefferies started tracking the stock with Buy rating on May 20, 2024, and set its price target to $22. On April 09, 2024, downgrade downgraded it’s rating to Underperform but maintained its price target of $18 on the stock. Citigroup downgraded its rating to a Neutral but stick to its price target of $22 on March 13, 2024. Exane BNP Paribas downgraded its rating to a Underperform but $16.50 remained the price target by the analyst firm on February 28, 2024. Morgan Stanley downgraded its rating to Equal-Weight for this stock on February 15, 2024, and downed its price target to $20.
For the past year, the stock price of Cleveland-Cliffs Inc fluctuated between $13.84 and $22.97. Currently, Wall Street analysts expect the stock to reach $20.33 within the next 12 months. Cleveland-Cliffs Inc [NYSE: CLF] shares were valued at $15.64 at the most recent close of the market. An investor can expect a potential return of 29.99% based on the average CLF price forecast.
Analyzing the CLF fundamentals
According to Cleveland-Cliffs Inc [NYSE:CLF], the company’s sales were 21.90B for trailing twelve months, which represents an -1.81% plunge. Gross Profit Margin for this corporation currently stands at 0.07% with Operating Profit Margin at 0.04%, Pretax Profit Margin comes in at 0.03%, and Net Profit Margin reading is 0.02%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.05 and Total Capital is 0.06. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.52.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 15.49 points at the first support level, and at 15.35 for the second support level. However, for the 1st resistance point, the stock is sitting at 15.80, and for the 2nd resistance point, it is at 15.97.
Ratios To Look Out For
It is important to note that Cleveland-Cliffs Inc [NYSE:CLF] has a current ratio of 1.90. Also, the Quick Ratio is 0.59, while the Cash Ratio stands at 0.01. Considering the valuation of this stock, the price to sales ratio is 0.34, the price to book ratio is 1.03 and price to earnings (TTM) ratio is 20.84.
Transactions by insiders
Recent insider trading involved MICHAEL RALPH S III, Director, that happened on Jun 13 ’24 when 20000.0 shares were purchased. Director, BALDWIN JOHN T completed a deal on Jun 13 ’24 to buy 7500.0 shares. Meanwhile, EVP, CFO Goncalves Celso L Jr bought 7250.0 shares on Jun 12 ’24.
