Cleveland-Cliffs Inc [CLF] stock is trading at $12.90, up 0.55%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The CLF shares have gain 3.28% over the last week, with a monthly amount drifted -2.79%, and not seem to be holding up well over a long-time horizon.
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
From an analyst’s perspective:
Cleveland-Cliffs Inc [NYSE: CLF] stock has seen the most recent analyst activity on December 02, 2024, when Goldman initiated its Buy rating and assigned the stock a price target of $16. Previously, Seaport Research Partners upgraded its rating to Buy on August 27, 2024, and kept the price target unchanged to $16.50. On June 11, 2024, downgrade downgraded it’s rating to Neutral and revised its price target to $17 on the stock. Jefferies started tracking the stock assigning a Buy rating and suggested a price target of $22 on May 20, 2024. Wolfe Research downgraded its rating to a Underperform but $18 remained the price target by the analyst firm on April 09, 2024. Citigroup downgraded its rating to Neutral for this stock on March 13, 2024, but kept the price target unchanged to $22. In a note dated February 28, 2024, Exane BNP Paribas downgraded an Underperform rating on this stock but restated the target price of $16.50.
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 $12.90 at the most recent close of the market. An investor can expect a potential return of 53.88% 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 12.67 points at the first support level, and at 12.43 for the second support level. However, for the 1st resistance point, the stock is sitting at 13.18, and for the 2nd resistance point, it is at 13.45.
Ratios To Look Out For
For context, Cleveland-Cliffs Inc’s Current Ratio is 1.85. In addition, the Quick Ratio stands at 0.55 and the Cash Ratio stands at 0.01. Considering the valuation of this stock, the price to sales ratio is 0.32, the price to book ratio is 0.88.
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.
