In the last trading session, 8.77 million Cleveland-Cliffs Inc (NYSE:CLF) shares changed hands as the company’s beta touched 2.09. With the company’s per share price at $17.20 changed hands at -$0.4 or -2.27% during last session, the market valuation stood at $8.18B. CLF’s last price was a discount, traded about -33.55% off its 52-week high of $22.97. The share price had its 52-week low at $13.61, which suggests the last value was 20.87% up since then. When we look at Cleveland-Cliffs Inc’s average trading volume, we note the 3-month average coming to 8.76 million.
Cleveland-Cliffs Inc (NYSE:CLF) trade information
Instantly CLF was in red as seen at the end of in last trading. With action -4.76%, the performance over the past five days has been red. The drop to weekly highs of 18.00 subtracted -2.27% to the stock’s daily price. The company’s shares are showing year-to-date downside of -15.77%, with the 5-day performance at -4.76% in the red. However, in the 30-day time frame, Cleveland-Cliffs Inc (NYSE:CLF) is -22.70% down.
Cleveland-Cliffs Inc (CLF) estimates and forecasts
Data shows that the Cleveland-Cliffs Inc share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 0.06% over the past 6 months, a 14.02% in annual growth rate that is considerably lower than the industry average of 19.40%. Year-over-year growth is forecast to reach -3.00% down from the last financial year.
Consensus estimates given by 4 financial analysts project the company’s revenue in the current quarter to hit an average of 5.33B. 4 analysts are of the opinion that Cleveland-Cliffs Inc’s revenue for the current quarter will be 5.36B. The company’s revenue for the corresponding quarters a year ago was 5.98B and 5.61B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -11.00%. The estimates for the next quarter sales put growth at -4.40%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -26.78%. The 2024 estimates are for Cleveland-Cliffs Inc earnings to decrease by -20.31%.
