How To Know If Cleveland-Cliffs Inc (NYSE:CLF) Is Expensive At $17.00.

In recent trading session, Cleveland-Cliffs Inc (NYSE:CLF) saw 1.26 million shares changing hands at last check today with its beta currently measuring 2.07. Company’s recent per share price level of $17.00 trading at $0.08 or 0.47% at last check today assigns it a market valuation of $8.08B. That most recent trading price of CLF’s stock is at a discount of -35.12% from its 52-week high price of $22.97 and is indicating a premium of 19.94% from its 52-week low price of $13.61. Taking a look at company’s average trading volume volume of 8.24 million if we extend that period to 3-months.

Cleveland-Cliffs Inc (NYSE:CLF) trade information

Upright in the green today for gaining 0.47%, in the last five days CLF remained trading in the red while hitting it’s week-highest on Monday, 05/20/24 when the stock touched $17.00 price level, adding 4.82% to its value on the day. Cleveland-Cliffs Inc’s shares saw a change of -16.75% in year-to-date performance and have moved -2.92% in past 5-day. Cleveland-Cliffs Inc (NYSE:CLF) showed a performance of -6.75% in past 30-days.

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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 0.88% of value to its shares in past 6 months, showing an annual growth rate of -11.21% while that of industry is 16.20. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. This year revenue growth is estimated to fall -3.30% from the last financial year’s standing.

5 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 5.37B for the same. And 5 analysts are in estimates of company making revenue of 5.4B in the next quarter. Company posted 5.98B and 5.61B of sales in current and next quarters respectively a year earlier.

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 -26.78% during past 5 years.

CLF Dividends

Cleveland-Cliffs Inc is more likely to be releasing its next quarterly report in June and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.