The trading price of Cleveland-Cliffs Inc (NYSE:CLF) closed lower on Tuesday, April 23, closing at $18.55, -11.03% lower than its previous close.
The company’s P/E ratio in the trailing 12-month period was 23.90. In examining the 52-week price action we see that the stock hit a 52-week high of $22.97 and a 52-week low of $13.61. Over the past month, the stock has lost -12.75% in value.
Cleveland-Cliffs Inc, whose market valuation is $9.24 billion at the time of this writing. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by 0.31 per share this quarter, however they have predicted annual earnings per share of 1.3 for current year and 1.94 for next year.
Analysts have forecast the company to bring in revenue of 5.39B for the current quarter, with the likely lows of 5.17B and highs of 5.59B. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 21.38B.
On the technical side, indicators suggest CLF has a 50% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Buy, while an average of long term indicators suggests that the stock is currently Hold.
A quick review shows that CLF’s price is currently -15.07% off the SMA20 and -11.31% off the SMA50. The RSI metric on the 14-day chart is currently showing 26.45, and weekly volatility stands at 4.06%. When measured over the past 30 days, the indicator reaches 2.98%. Cleveland-Cliffs Inc (NYSE:CLF)’s beta value is currently sitting at 2.07, while the Average True Range indicator is currently displaying 0.75.
To see how Cleveland-Cliffs Inc stock has been performing in comparison to its peers in the industry, here are the numbers: CLF stock’s performance was -11.03% in the latest trading, and 16.81% in the past year. Cleveland-Cliffs Inc has a P/E ratio of 23.90.
An evaluation of the daily trading volume of Cleveland-Cliffs Inc (NYSE:CLF) indicates that the 3-month average is 8.78 million.
Currently, records show that 504.89 million of the company’s shares remain outstanding. The insiders hold 2.07% of outstanding shares, whereas institutions hold 68.21%. However, since the stock’s price has seen -9.16% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
