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Cleveland-Cliffs Inc (CLF) Stock: A Year of Market Fluctuations

Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. Cleveland-Cliffs Inc’s current trading price is -12.97% away from its 52-week high, while its distance from the 52-week low is 46.00%. The stock’s price range during this period has varied between $13.61 and $22.83. The company, active in the Basic Materials sector, saw a trading volume of around 9.09 for the day, considerably higher average daily volume of 1.26 observed over the last three months.

The stock market performance of Cleveland-Cliffs Inc has been fairly unsteady. Over the last year, the company’s stock hit its highest at $22.83 on 03/03/23, while the lowest price during the same time frame was $13.61, recorded on 05/31/23.

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How Financial Performance Impacts Market Capitalization

Cleveland-Cliffs Inc (CLF) has experienced a quarterly rise of 18.91% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 10.03B and boasts a workforce of Apr 02 2020 employees.

The Role of Moving Averages and Trading Volume in Technical Analysis

Based on Barchart.com data, the company’s moving average over the 100-day period was 17.44, with a change in price of +5.98. Similarly, Cleveland-Cliffs Inc recorded 9,617,991 in trading volume during the last 100 days, posting a change of +43.05%.

How CLF’s Debt-to-Equity Ratio Affects Financial Health

A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to its shareholders’ equity. At the time of writing, the total D/E ratio for CLF stands at 0.46. Similarly, the long-term debt-to-equity ratio is also 0.44.

CLF Stock Stochastic Average

As of today, the raw stochastic average of Cleveland-Cliffs Inc over the past 50 days is 67.88%. This is a decrease compared to the raw stochastic average of the last 20 days, which was recorded at 73.03%. Additionally, the Stochastic %K and %D values for the company were 66.57% and 67.71%, respectively, over the past 20 days.

CLF Stock Price Performance Analysis

A mixed performance in the stock price over the year has left investors unsure of what to expect, resulting in a range of outlooks from optimistic to pessimistic. The index has shown a price loss of -2.69% this year. Over the last six months, there has been a weaker performance of 35.17%. The price of CLF fallen by 6.89% during the last 30 days period. For the last 5-days stocks have slided -2.31%.

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