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 -43.14% away from its 52-week high, while its distance from the 52-week low is 5.41%. The stock’s price range over this period has fluctuated between $12.39 and $22.97. The company, operating within the financial sector, had a trading volume of approximately 39.32 million for the day, which was noticeably higher than the average daily share volume of 9.91 million over the last 3 months.
Cleveland-Cliffs Inc experienced a somewhat shaky performance in the stock market. The company’s stock reached a 1-year high of $22.97 on 04/04/24, while the lowest price for the same period was registered at $12.39 on 08/20/24.
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Exploring Financial Performance and Market Capitalization: A Comprehensive Analysis
Cleveland-Cliffs Inc (CLF) has experienced a quarterly decline of -24.42% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 6.11B and boasts a workforce of 28000 employees.
Analyzing Trading Volume and Moving Average Trends
Based on Barchart.com data, the company’s moving average over the 100-day period was 16.03, with a change in price of -8.85. Similarly, Cleveland-Cliffs Inc recorded 9,663,614 in trading volume during the last 100 days, posting a change of -40.39%.
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 0.49. Similarly, the long-term debt-to-equity ratio is also 0.49.
CLF Stock Stochastic Average
Today, Cleveland-Cliffs Inc’s raw stochastic average for the past 50 days stands at 16.42%, indicating a decline from the raw stochastic average of the last 20 days, which was 39.18%. Moreover, the company’s Stochastic %K and %D values over the past 20 days were 40.51% and 42.31% respectively.
CLF Stock Price Performance Analysis
A mixed performance in the stock price over the year has left investors with either an optimistic or pessimistic outlook, depending on their point of view. The metric has seen a significant loss of -36.04% since the start of this calendar year. Looking back over the last six months, we can see a stronger performance of -38.05%. Over the past 30 days, the price of CLF has leaped by -10.79%. And in the last five days, it has fallen by -1.58%.
