Watching Cleveland-Cliffs Inc. (CLF) For Insider Activity

Cleveland-Cliffs Inc. (NYSE:CLF) finished Wednesday with a subtraction of -$0.24 to close at $21.49, a downside of -1.10 percent. An average of 17,722,061 shares of common stock have been traded in the last five days. There was a gain of $1.42 in the past week. The last 20 days have seen an average of 23,500,721 shares traded, while the 50-day average volume stands at 22,203,811.

CLF stock has decreased by -2.63% in the last month. The company shares reached their 1-month lowest point of $18.86 on 09/21/21. With the stock rallying to its 52-week high on 08/13/21, shares of the company touched a low of $7.19 and a high of $26.51 in 52 weeks. In spite of this, the price is down -18.93% from the 52-week high.

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Insider Transactions

125 days have passed since Cleveland-Cliffs Inc. (CLF) last reported insider trading activity. BALDWIN JOHN T, who is Director, most recently acquired $7,200 shares at $23.75 per share on Jun 11. In this transaction, the insider spent $171,007. Director, BALDWIN JOHN T, disposed of 12,800 shares at a price of $23.38 on Jun 10. The insider now owns more than $299,302 worth of shares. Prior to that, Director GREEN SUSAN MIRANDA went on to Sale 18,000 shares at $20.39 each on May 18. An amount of $366,975 was transacted.

Valuation Metrics

Cleveland-Cliffs Inc. (CLF) has a trailing price-to-earnings (P/E) ratio of 14.05, which compares with the 8.40 for the broader industry and 13.61 for the sector. In the last five years, Cleveland-Cliffs Inc.’s PE ratio has ranged between 99.29 and 1.747. The stock’s beta is 2.22. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.83, the price-to-book (PB) ratio at 3.32.

The company’s most recent quarterly dividend payment was $0.06 a share, without any change from last year.

The quick ratio of Cleveland-Cliffs Inc. for the three months ended June 29 was 0.80, and the current ratio was 2.20, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.66 and a total debt to equity ratio of 0.00 for the quarter ending June 29. On the profitability front, the trailing 12-month gross margin is 14.70% against a 5-year average of 22.3%. Cleveland-Cliffs Inc.’s EBITDA margin for the year ending June 29 is 8.89%, while its operating margin for the same period stands at 10.00%. Its gross profit as reported stood at $252.0 million compared to revenue of $5.35 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Cleveland-Cliffs Inc.’s return on assets was 5.80%, compared to 13.1% over the last five years. For the broader industry, ROE averaged 24.01 over the past year.

Earnings Surprise

The analyst consensus anticipated Cleveland-Cliffs Inc.’s latest quarter earnings to come in at $1.52 per share, but it turned out to be $1.33, a -12.50% surprise. For the quarter, EBITDA amounted to $1.31 billion. Shareholders own equity worth $499.74 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Cleveland-Cliffs Inc. (CLF) price momentum. RSI 9-day as of the close on 13 October was 55.91%, suggesting the stock is Neutral, with historical volatility in this time frame at 38.70%.

As of today, CLF’s price is $21.21 +7.08% or $1.42 from its 5-day moving average. CLF is currently trading -6.65% lower than its 20-day SMA and +18.99% higher than its 100-day SMA. However, the stock’s current price level is -11.89% below the SMA50 and +57.32% above the SMA200.

The stochastic %K and %D were 81.77% and 78.90%, respectively, and the average true range (ATR) was 0.99. With the 14-day stochastic at 78.10% and the average true range at 1.03, the RSI (14) stands at 50.98%. The stock has reached 0.85 on the 9-day MACD Oscillator while the 14-day reading was at 0.97.

Analyst Ratings

Goldman upgraded Cleveland-Cliffs Inc. (NYSE: CLF) to a a Buy rating in its most recent analyst report. Previously, the stock was rated as a a Neutral.The consensus rating for Cleveland-Cliffs Inc. (CLF) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell CLF, while 4 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 6 others rate it as a “buy”.

What is CLF’s price target for the next 12 months?

Analysts predict a range of price targets between $22.40 and $40.00, with a median target of $26.00. Taking a look at these predictions, the average price target given by analysts for Cleveland-Cliffs Inc. (CLF) stock is $29.49.


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