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 -21.70% away from its 52-week high, while its distance from the 52-week low is 32.15%. 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 2.77 million for the day, considerably lower average daily volume of 9.02 million observed over the last three months.
Cleveland-Cliffs Inc’s stock has had a calm market performance. The 1-year high for the company’s stock was $22.97 on 04/04/24, and the lowest price during the same period was recorded at $13.61 on 05/31/23.
How Financial Performance Impacts Market Capitalization
Cleveland-Cliffs Inc (CLF) has experienced a quarterly decline of -2.36% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 8.96B 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 19.97, with a change in price of -0.31. Similarly, Cleveland-Cliffs Inc recorded 9,077,333 in trading volume during the last 100 days, posting a change of -1.69%.
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 0.49. Similarly, the long-term debt-to-equity ratio is also 0.49.
CLF Stock Stochastic Average
As of today, the raw stochastic average of Cleveland-Cliffs Inc over the past 50 days is 4.42%. This is a increase compared to the raw stochastic average of the last 20 days, which was recorded at 4.42%. Additionally, the Stochastic %K and %D values for the company were 5.89% and 5.98%, respectively, over the past 20 days.
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. Year to date metric has recorded a loss of -11.92%.However, over the last six months, we can see a weaker performance of 13.61%. Over the last 30 days, the price of CLF has leaped by -18.73%. And in the last five days, it has fallen by -13.58%.
