Examining a stock’s 52-week price history, encompassing its low and high prices, can reveal much about its existing condition and potential future trajectory. Cleveland-Cliffs Inc’s current trading price is -24.27% away from its 52-week high, while its distance from the 52-week low is 27.04%. The stock’s price range over this period has fluctuated between $13.61 and $22.83. The company, operating within the financial sector, had a trading volume of approximately 1.76 million for the day, which was noticeably lower than the average daily share volume of 9.56 million over the last 3 months.
The present stock price for Cleveland-Cliffs Inc (CLF) is $17.29. In the last trading session, the stock made a considerable jump, reaching $17.22 after an opening price of $17.19. The stock briefly fell to $16.97 before ending the session at $16.99.
Cleveland-Cliffs Inc ‘s stock market performance has been somewhat predictable. The company’s stock reached a 1-year high price of $22.83 on 03/03/23, while the lowest value for the same period was recorded at $13.61 on 05/31/23.
Exploring Financial Performance and Market Capitalization: A Comprehensive Analysis
Cleveland-Cliffs Inc (CLF) has experienced a quarterly rise of 15.03% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 8.73B and boasts a workforce of 27000 employees.
Analyzing Trading Volume and Moving Average Trends
Based on Barchart.com data, the company’s moving average over the 100-day period was 15.77, with a change in price of +0.38. Similarly, Cleveland-Cliffs Inc recorded 9,719,908 in trading volume during the last 100 days, posting a change of +2.25%.
Understanding Ticker ‘s Debt-to-Equity Ratio: An Analysis
The debt-to-equity (D/E) ratio serves as an important indicator of a company’s financial stability and market position. By dividing a company’s total liabilities by its shareholders’ equity, the D/E ratio reveals the degree to which a company relies on debt to finance assets compared to its shareholders’ equity. At the time of writing, the total D/E ratio for CLF stands at 0.43. Similarly, the long-term debt-to-equity ratio is also 0.43.
CLF Stock Stochastic Average
Today, Cleveland-Cliffs Inc’s raw stochastic average for the past 50 days stands at 93.97%, indicating a rise from the raw stochastic average of the last 20 days, which was 92.44%. Moreover, the company’s Stochastic %K and %D values over the past 20 days were 88.04% and 86.08% respectively.
CLF Stock Price Performance Analysis
The stock price’s performance over the year has been unpredictable, resulting in a mix of pessimistic and optimistic outlooks among investors. The index has shown a price gain of 7.32% this year. Over the last six months, there has been a weaker performance of 16.27%. The price of CLF fallen by 18.50% during the last 30 days period. For the last 5-days stocks have improved 4.72%.