The 52-week high and low prices can offer valuable insights into a stock’s current standing and prospects for future performance. Cleveland-Cliffs Inc’s current trading price is -44.14% away from its 52-week high, while its distance from the 52-week low is 25.66%. The stock’s price range for this period has been between $10.21 and $22.97 The company’s shares, which are part of the Basic Materials sector, had a trading volume of approximately 11.16 million for the day, a number notably lower than the average daily volume of 13.73 million over the last three months.
Cleveland-Cliffs Inc’s market performance has been unstable in recent times. The company’s stock hit a 1-year high of $22.97 on 04/04/24 and a low of $10.21 for the same time frame on 09/11/24.
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Exploring Financial Performance and Market Capitalization: A Comprehensive Analysis
Cleveland-Cliffs Inc (CLF) has experienced a quarterly rise of 5.95% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 6.50B 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 13.05, with a change in price of -3.06. Similarly, Cleveland-Cliffs Inc recorded 12,344,132 in trading volume during the last 100 days, posting a change of -19.26%.
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 0.55. Similarly, the long-term debt-to-equity ratio is also 0.55.
CLF Stock Stochastic Average
As of today, Cleveland-Cliffs Inc’s raw stochastic average for the last 50 days stands at 55.41%. This is a rise compared to the raw stochastic average of the previous 20 days, which was noted at 55.41%. Furthermore, the company’s Stochastic %K and %D values for the past 20 days were 44.84% and 38.98%, respectively.
CLF Stock Price Performance Analysis
Investors have been left with mixed emotions regarding the stock price performance over the year, as it’s been a mixed bag. Until today this year the stock’s price performance recorded a decrease of -37.17%. However, over the last six months, the performance has been stronger by -25.23%. The price of CLF decreased -1.16% over the last 30 days. And in the last five days, it has surged by 2.97%.
