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. Until today this year the stock’s price performance recorded an increase of 18.62%. However, over the last six months, the performance has been stronger by -13.16%. The price of CLF increased 12.06% over the last 30 days. And in the last five days, it has fallen by -2.87%.
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 $8.99 for the same time frame on 12/30/24.
52-week price history of CLF Stock
Examining the 52-week high and low prices can provide valuable insights into a stock’s current status and future performance. Cleveland-Cliffs Inc’s current trading price is -51.46% away from its 52-week high, while its distance from the 52-week low is 24.03%. The stock’s price range during this time has been between $8.99 and $22.97. The trading volume for the Basic Materials sector company’s shares reached about 14.03 million for the day, which was lower than the average daily volume of 15.68 million over the last three months.
Market Capitalization vs. Financial Performance: A Comparative Study
Cleveland-Cliffs Inc (CLF) has experienced a quarterly decline of -2.53% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 5.51B and boasts a workforce of 28000 employees.
Combining Moving Average and Trading Volume Data for Better Market Insight
Based on Barchart.com data, the company’s moving average over the 100-day period was 11.52, with a change in price of -1.61. Similarly, Cleveland-Cliffs Inc recorded 14,453,617 in trading volume during the last 100 days, posting a change of -12.62%.
CLF’s Debt-to-Equity Ratio Cause for Concern? An In-Depth Look
The debt-to-equity (D/E) ratio is a significant metric that provides insights into a company’s financial state and market presence. By dividing a company’s current liabilities by its shareholders’ equity, the D/E ratio depicts the extent of debt used by a company to fund its assets relative to the value of 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
Today’s raw stochastic average for Cleveland-Cliffs Inc over the last 50 days is 65.45%.This indicates a increase from the raw stochastic average of the past 20 days, which was 59.34%. Moreover, the company’s Stochastic %K and %D values for the last 20 days were 71.92% and 80.34%, respectively.
