At the end of the latest market close, Cleveland-Cliffs Inc. (CLF) was valued at $14.28. In that particular session, Stock kicked-off at the price of $14.73 while reaching the peak value of $14.90 and lowest value recorded on the day was $14.26. The stock current value is $14.38.Recently in News on September 9, 2022, Cleveland-Cliffs Reaches Tentative Labor Agreement with United Steelworkers for its Mining and Pelletizing Operations. Cleveland-Cliffs Inc. (NYSE: CLF) announced today that it has reached a tentative agreement with the United Steelworkers (USW) on a new 47-month labor contract for its legacy Mining and Pelletizing operations. The contract will be effective on October 1, 2022, and will cover approximately 2,000 USW-represented employees at its Mining and Pelletizing locations in Northern Minnesota and in the Michigan Upper Peninsula. You can read further details here
Cleveland-Cliffs Inc. had a pretty Dodgy run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $34.04 on 04/05/22, with the lowest value was $14.14 for the same time period, recorded on 09/22/22.
Cleveland-Cliffs Inc. (CLF) full year performance was -27.95%
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 -57.76% during the 52-week period from high price, and 0.84% 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 $14.26 and $34.04.
The company’s shares, operating in the sector of Basic Materials managed to top a trading volume set approximately around 5064425 for the day, which was evidently lower, 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 -34.41%, having the revenues showcasing -12.23% 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 7.50B, as it employees total of 26000 workers.
Specialists analysis on Cleveland-Cliffs Inc. (CLF)
During the last month, 0 analysts gave the Cleveland-Cliffs Inc. a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 0 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 18.65, with a change in the price was noted -11.22. In a similar fashion, Cleveland-Cliffs Inc. posted a movement of -44.02% for the period of last 100 days, recording 15,988,881 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 0.69.
Trends and Technical analysis: Cleveland-Cliffs Inc. (CLF)
Raw Stochastic average of Cleveland-Cliffs Inc. in the period of last 50 days is set at 2.06%. The result represents downgrade in oppose to Raw Stochastic average for the period of the last 20 days, recording 2.23%. In the last 20 days, the company’s Stochastic %K was 1.77% and its Stochastic %D was recorded 3.06%.
Now, considering the stocks previous presentation, multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be encouraging, given the fact the metric is recording -34.41%. Additionally, trading for the stock in the period of the last six months notably deteriorated by -49.70%, alongside a downfall of -27.95% for the period of the last 12 months. The shares increased approximately by -6.97% in the 7-day charts and went up by -17.31% in the period of the last 30 days. Common stock shares were lifted by -12.23% during last recorded quarter.