In last trading session, Cleveland-Cliffs Inc. (NYSE:CLF) saw 6,776,481 shares changing hands with its beta currently measuring 2.34. Company’s recent per share price level of $7.42 trading at $0.14 or 1.92% at ring of the bell on the day assigns it a market valuation of $2.96 Billion. That closing price of CLF’s stock is at a discount of -21.56% from its 52-week high price of $9.02 and is indicating a premium of 64.56% from its 52-week low price of $2.63. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 11.49 Million shares which gives us an average trading volume of 9.84 Million if we extend that period to 3-months.
For Cleveland-Cliffs Inc. (CLF), analysts’ consensus is at an average recommendation of Hold while assigning it a mean rating of 2.9. Splitting up the data highlights that, out of 8 analysts covering the stock, 1 rated the stock as a Sell while none recommended an Overweight rating for the stock. 5 suggested the stock as a Hold whereas 2 see the stock as a Buy. None analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -$0.1 in the current quarter.
Cleveland-Cliffs Inc. (NYSE:CLF) trade information
Upright in the green today for gaining 1.92%, in the last five days CLF remained trading in the green while hitting it’s week-highest on Thursday, Oct 08 when the stock touched $7.92-6 price level, adding 6.31% to its value on the day. Cleveland-Cliffs Inc.’s shares saw a change of -11.67% in year-to-date performance and have moved -3.64% in past 5-day. Cleveland-Cliffs Inc. (NYSE:CLF) showed a performance of 17.22% in past 30-days. Number of shares sold short was 75.82 Million shares which calculate 7.71 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $6.14 to the stock, which implies targetted prices is already lagging behind -17.25% to its current value. Analysts have been projecting $2.51 as a low price target for the stock while placing it at a high target of $10. It follows that stock’s current price would jump +34.77% in reaching the projected high whereas dropping to the targeted low would mean a loss of -66.17% for stock’s current value.
Cleveland-Cliffs Inc. (CLF) estimates and forecasts
Statistics highlight that Cleveland-Cliffs Inc. is scoring comparatively lower than the scores of other players of the relevant industry. The company added +110.2% of value to its shares in past 6 months, showing an annual growth rate of -152.68% while that of industry is 14.8. Apart from that, the company came lowering its revenue forecast for fiscal year 2020. The company is estimating its revenue growth to decline by -130.3% in the current quarter and calculating -68% decline in the next quarter. This year revenue growth is estimated to rise 145.4% from the last financial year’s standing.
3 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $1.6 Billion for the same. And 3 analysts are in estimates of company making revenue of $1.85 Billion in the next quarter that will end in December 01, 2020. Company posted $544.88 Million and $534.1 Million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 194.3% while estimating it to be 246.8% for the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -32% during past 5 years. In 2020, company’s earnings growth rate is likely to be around -69.7% while estimates for its earnings growth in next 5 years are of -2.74%