During the last session, Cleveland-Cliffs Inc (NYSE:CLF)’s traded shares were 14.31 million, with the beta value of the company hitting 2.07. At the end of the trading day, the stock’s price was $18.23, reflecting an intraday loss of -0.49% or -$0.09. The 52-week high for the CLF share is $22.97, that puts it down -26.0 from that peak though still a striking 25.34% gain since the share price plummeted to a 52-week low of $13.61. The company’s market capitalization is $9.08B, and the average trade volume was 8.88 million shares over the past three months.
Cleveland-Cliffs Inc (NYSE:CLF) trade information
Cleveland-Cliffs Inc (CLF) registered a -0.49% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -0.49% in intraday trading to $18.23, hitting a weekly high. The stock’s 5-day price performance is -12.48%, and it has moved by -15.48% in 30 days. Based on these gigs, the overall price performance for the year is 19.38%.
Cleveland-Cliffs Inc (CLF) estimates and forecasts
Statistics show that Cleveland-Cliffs Inc has outperformed its competitors in share price, compared to the industry in which it operates. Cleveland-Cliffs Inc (CLF) shares have gone up 16.49% during the last six months, with a year-to-date growth rate more than the industry average at 55.14% against 15.60. In the rating firms’ projections, revenue will decrease -2.80% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 5.39B as predicted by 7 analyst(s). Meanwhile, a consensus of 7 analyst(s) estimates revenue growth to 5.42B by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 5.98B and 5.61B respectively. In this case, analysts expect current quarter sales to shrink by -9.90% and then drop by -3.20% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -26.78%. While earnings are projected to return 3.80% in 2024.
CLF Dividends
Cleveland-Cliffs Inc is due to release its next quarterly earnings in May. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
