Cleveland-Cliffs Inc experienced a rather shaky stock market performance. The highest value in the past year was recorded at $22.97 on 04/04/24 and the lowest value was $10.21 on 09/11/24.
52-week price history of CLF Stock
Studying a stock’s 52-week price history, which includes both low and high prices, can help gauge its current status and potential future performance. Cleveland-Cliffs Inc’s current trading price is -45.17% away from its 52-week high, while its distance from the 52-week low is 23.36%. The stock’s price range during the 52-week period has remained between $10.21 and $22.97. In the Basic Materials sector, the company’s shares saw a trading volume of around 6.94 million for the day, which was evidently lower than the average daily volume of 12.99 million over the past three months.
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Market Capitalization and Financial Performance: An In-Depth Look
Cleveland-Cliffs Inc (CLF) has experienced a quarterly rise of 15.44% 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.
Making Sense of Trading Volume and Moving Average Data
Based on Barchart.com data, the company’s moving average over the 100-day period was 12.87, with a change in price of -2.98. Similarly, Cleveland-Cliffs Inc recorded 12,352,708 in trading volume during the last 100 days, posting a change of -19.12%.
Examining CLF’s Debt-to-Equity Ratio: What You Need to Know
The debt-to-equity (D/E) ratio is a crucial measure that sheds light on a company’s financial health and market standing. It is determined by dividing a company’s overall liabilities by its shareholders’ equity, showing the extent of a company’s debt usage in financing its assets compared to the 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 48.15%. This is a decline compared to the raw stochastic average of the previous 20 days, which was noted at 71.90%. Furthermore, the company’s Stochastic %K and %D values for the past 20 days were 48.70% and 44.53%, 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. The index has shown a price loss of -38.32% this year. Over the last six months, there has been a stronger performance of -19.52%. The price of CLF leaped by -5.58% during the last 30 days period. For the last 5-days stocks have slided -1.83%.
