At the time of writing, Cleveland-Cliffs Inc [CLF] stock is trading at $9.54, up 1.49%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The CLF shares have gain 0.85% over the last week, with a monthly amount drifted -25.64%, and not seem to be holding up well over a long-time horizon.
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.
For the past year, the stock price of Cleveland-Cliffs Inc fluctuated between $8.99 and $22.97. Currently, Wall Street analysts expect the stock to reach $16.5 within the next 12 months. Cleveland-Cliffs Inc [NYSE: CLF] shares were valued at $9.54 at the most recent close of the market. An investor can expect a potential return of 72.96% based on the average CLF price forecast.
Analyzing the CLF fundamentals
According to Cleveland-Cliffs Inc [NYSE:CLF], the company’s sales were 19.97B for trailing twelve months, which represents an -18.48% plunge. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.55.
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 9.45 points at the first support level, and at 9.35 for the second support level. However, for the 1st resistance point, the stock is sitting at 9.63, and for the 2nd resistance point, it is at 9.72.
Ratios To Look Out For
It is important to note that Cleveland-Cliffs Inc [NYSE:CLF] has a current ratio of 1.85. As well, the Quick Ratio is 0.55, while the Cash Ratio is 0.01. Considering the valuation of this stock, the price to sales ratio is 0.24, the price to book ratio is 0.65.
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.
