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 -32.48% away from its 52-week high, while its distance from the 52-week low is 72.47%. The stock’s price range for this period has been between $5.63 and $14.38 The company’s shares, which are part of the Basic Materials sector, had a trading volume of approximately 23.92 million for the day, a number notably lower than the average daily volume of 34.09 million over the last three months.
At present, Cleveland-Cliffs Inc (CLF) has a stock price of $9.71. In the previous session, the stock saw a rise, peaking at $14.0 after an opening price of $9.71. The day’s lowest price was $5.0, and it closed at $10.06.
Cleveland-Cliffs Inc experienced a rather steady stock market performance.
Exploring Financial Performance and Market Capitalization: A Comprehensive Analysis
Cleveland-Cliffs Inc (CLF) has experienced a quarterly rise of 9.35% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 4.80B and boasts a workforce of 30000 employees.
Cleveland-Cliffs Inc: What Analysts Are Saying
As of right now, 4 analysts are rating Cleveland-Cliffs Inc as a BUY, 0 of the polled analysts branded the stock as an OVERWEIGHT, 7 analysts are recommending to HOLD this stock, 1 of them gave the stock UNDERWEIGHT rating, and 0 analyst is rating the stock as SELL.
Analyzing Trading Volume and Moving Average Trends
Based on Barchart.com data, the company’s moving average over the 100-day period was 8.30, with a change in price of +0.69. Similarly, Cleveland-Cliffs Inc recorded 29,449,746 in trading volume during the last 100 days, posting a change of +7.65%.
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 1.33. Similarly, the long-term debt-to-equity ratio is also 1.33.
CLF Stock Stochastic Average
As of today, Cleveland-Cliffs Inc’s raw stochastic average for the last 50 days stands at 64.45%. This is a rise compared to the raw stochastic average of the previous 20 days, which was noted at 33.43%. Furthermore, the company’s Stochastic %K and %D values for the past 20 days were 47.31% and 56.39%, respectively.
CLF Stock Price Performance Analysis
The stock price performance over the year has been a mixed bag, resulting in a range of outlooks from optimistic to pessimistic depending on the observer. Year to date metric has recorded a loss of -36.74%.However, over the last six months, we can see a stronger performance of -5.18%. Over the last 30 days, the price of CLF has fallen by 10.09%. And in the last five days, it has fallen by -13.77%.
