Cleveland-Cliffs Inc [CLF] stock is trading at $12.49, up 0.24%. An important factor to consider is whether the stock is rising or falling in short-term value. The CLF shares have gain 11.22% over the last week, with a monthly amount drifted -4.44%, 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 August 27, 2024, when Seaport Research Partners upgraded its rating to a Buy but kept the price target unchanged to $16.50 for it. Previously, JP Morgan downgraded its rating to Neutral on June 11, 2024, and dropped its price target to $17. On May 20, 2024, Jefferies initiated with a Buy rating and assigned a price target of $22 on the stock. Wolfe Research downgraded its rating to a Underperform but stick to its price target of $18 on April 09, 2024. Citigroup downgraded its rating to a Neutral but $22 remained the price target by the analyst firm on March 13, 2024. Exane BNP Paribas downgraded its rating to Underperform for this stock on February 28, 2024, but kept the price target unchanged to $16.50. In a note dated February 15, 2024, Morgan Stanley downgraded an Equal-Weight rating on this stock and revised its target price from $21.50 to $20.
Cleveland-Cliffs Inc [CLF] stock has fluctuated between $10.21 and $22.97 over the past year. Currently, Wall Street analysts expect the stock to reach $19.85 within the next 12 months. Cleveland-Cliffs Inc [NYSE: CLF] shares were valued at $12.49 at the most recent close of the market. An investor can expect a potential return of 58.93% based on the average CLF price forecast.
Analyzing the CLF fundamentals
Cleveland-Cliffs Inc [NYSE:CLF] reported sales of 19.97B for the trailing twelve months, which represents a drop of -18.48%. Gross Profit Margin for this corporation currently stands at 0.03% with Operating Profit Margin at -0.0%, Pretax Profit Margin comes in at -0.02%, and Net Profit Margin reading is -0.02%. To continue investigating profitability, this company’s Return on Assets is posted at -0.03, Equity is -0.06 and Total Capital is -0.0. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.55.
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 12.29 points at the first support level, and at 12.10 for the second support level. However, for the 1st resistance point, the stock is sitting at 12.78, and for the 2nd resistance point, it is at 13.08.
Ratios To Look Out For
For context, Cleveland-Cliffs Inc’s Current Ratio is 1.85. On the other hand, the Quick Ratio is 0.55, and the Cash Ratio is 0.01. Considering the valuation of this stock, the price to sales ratio is 0.32, the price to book ratio is 0.85.
Transactions by insiders
Recent insider trading involved Bloom Ron A., Director, that happened on Nov 20 ’24 when 1554.0 shares were sold. Director, BALDWIN JOHN T completed a deal on Aug 01 ’24 to buy 8000.0 shares. Meanwhile, Director Taylor Douglas C sold 36000.0 shares on Jun 11 ’24.
