Let’s start up with the current stock price of Cleveland-Cliffs Inc. (CLF), which is $17.39 to be very precise. The Stock rose vividly during the last session to $17.96 after opening rate of $16.91 while the lowest price it went was recorded $16.68 before closing at $17.02.
Recently in News on February 9, 2021, Cleveland-Cliffs Announces Pricing of Senior Unsecured Guaranteed Notes Issued at Par, $500 million of 4.625% Notes due 2029 and $500 million of 4.875% Notes due 2031. Cleveland-Cliffs Inc. (NYSE: CLF) announced today that it has priced $500 million aggregate principal amount of Senior Unsecured Guaranteed Notes due 2029 (the “2029 Notes”) and $500 million aggregate principal amount of Senior Unsecured Guaranteed Notes due 2031 (the “2031 Notes” and, together with the 2029 Notes, the “Notes”) in an offering that is exempt from the registration requirements of the Securities Act of 1933 (the “Securities Act”). The 2029 Notes will bear interest at an annual rate of 4.625 percent and will be issued at a price of 100 percent of face value. The 2031 Notes will bear interest at an annual rate of 4.875 percent and will be issued at a price of 100 percent of face value. The Notes will be guaranteed on a senior unsecured basis by the Company’s material direct and indirect wholly-owned domestic subsidiaries, other than certain excluded subsidiaries. The offering is expected to close on February 17, 2021, subject to the satisfaction of customary closing conditions. You can read further details here
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Cleveland-Cliffs Inc. had a pretty favorable run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $18.77 on 01/12/21, with the lowest value was $14.16 for the same time period, recorded on 01/04/21.
Cleveland-Cliffs Inc. (CLF) full year performance was 145.28%
Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Cleveland-Cliffs Inc. shares are logging -7.35% during the 52-week period from high price, and 561.22% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $2.63 and $18.77.
The company’s shares, operating in the sector of Basic Materials managed to top a trading volume set approximately around 24375382 for the day, which was evidently higher, when compared to the average daily volumes of the shares.
When it comes to the year-to-date metrics, the Cleveland-Cliffs Inc. (CLF) recorded performance in the market was 19.44%, having the revenues showcasing 94.52% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 8.46B, as it employees total of 2372 workers.
Market experts do have their say about Cleveland-Cliffs Inc. (CLF)
During the last month, 3 analysts gave the Cleveland-Cliffs Inc. a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 3 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.
According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 12.28, with a change in the price was noted +10.83. In a similar fashion, Cleveland-Cliffs Inc. posted a movement of +165.09% for the period of last 100 days, recording 13,161,669 in trading volumes.
Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for CLF is recording 0.00 at the time of this writing. In addition, long term Debt to Equity ratio is set at 5.32.
Technical breakdown of Cleveland-Cliffs Inc. (CLF)
Raw Stochastic average of Cleveland-Cliffs Inc. in the period of last 50 days is set at 78.44%. The result represents downgrade in oppose to Raw Stochastic average for the period of the last 20 days, recording 82.73%. In the last 20 days, the company’s Stochastic %K was 75.38% and its Stochastic %D was recorded 73.74%.
Bearing in mind the latest performance of Cleveland-Cliffs Inc., several moving trends are noted. Year-to-date Price performance of the company’s stock appears to be pessimistic, given the fact the metric is recording 19.44%. Additionally, trading for the stock in the period of the last six months notably improved by 171.72%, alongside a boost of 145.28% for the period of the last 12 months. The shares increased approximately by 4.76% in the 7-day charts and went down by 6.56% in the period of the last 30 days. Common stock shares were driven by 94.52% during last recorded quarter.