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 -5.33% away from its 52-week high, while its distance from the 52-week low is 59.77%. The stock’s price range during this period has varied between $13.61 and $22.97. The company, active in the Basic Materials sector, saw a trading volume of around 3.44 million for the day, considerably lower average daily volume of 8.46 million observed over the last three months.
The market performance of Cleveland-Cliffs Inc has been somewhat stable. Over the past year, the company’s stock achieved a high of $22.97 on 04/04/24, with the lowest value for the same timeframe being $13.61, recorded on 05/31/23.
How Financial Performance Impacts Market Capitalization
Cleveland-Cliffs Inc (CLF) has experienced a quarterly rise of 12.79% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 10.84B and boasts a workforce of 28000 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 19.53, with a change in price of +5.16. Similarly, Cleveland-Cliffs Inc recorded 8,656,268 in trading volume during the last 100 days, posting a change of +31.22%.
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 last 50 days is at 72.35%. This shows a increasee from the raw stochastic average of the previous 20 days, which was recorded at 65.20%. Further, the company’s Stochastic %K and %D values for the last 20 days were 77.11% and 82.86%, respectively.
CLF Stock Price Performance Analysis
Investors’ outlook regarding the stock price performance over the year has been split, with some feeling optimistic and others feeling pessimistic, as it’s been a mixed bag. Year to date metric has recorded a gain of 6.49%.However, over the last six months, we can see a weaker performance of 40.29%. Over the last 30 days, the price of CLF has fallen by 3.60%. And in the last five days, it has fallen by -2.84%.
