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Cleveland-Cliffs Inc. (CLF)

17.43   -0.22 (-1.25%) 03-24 16:00
Open: 17.2 Pre. Close: 17.65
High: 17.57 Low: 17.015
Volume: 9,481,796 Market Cap: 8,973(M)

Technical analysis

as of: 2023-03-24 4:24:53 PM
Stoxline posted a SELL today, downgraded from higher rating. Downward movement to be expected.
Target: Six months: 24.07     One year: 26.66
Support: Support1: 17.02    Support2: 14.16
Resistance: Resistance1: 20.61    Resistance2: 22.82
Pivot: 18.94
Moving Average: MA(5): 17.81     MA(20): 19.62
MA(100): 17.87     MA(250): 18.89
MACD: MACD(12,26): -0.8     Signal(9): -0.6
Stochastic oscillator: %K(14,3): 9.9     %D(3): 13.8
RSI: RSI(14): 35.8
52-week: High: 34.04  Low: 11.82
Average Vol(K): 3-Month: 10,546 (K)  10-Days: 10,993 (K)

Price, moving averages and Bollinger Bands

Price has closed below its short-term moving average. Short-term moving average is currently below mid-term; and below long-term moving average. From the relationship between price and moving averages: This stock is BEARISH in short-term; and NEUTRAL in mid-long term.
[ CLF ] has closed above bottom band by 24.6%. Bollinger Bands are 59.1% wider than normal. The large width of the bands suggest high volatility as compared to its normal range. The bands have been in this wide range for 7 days. This is a sign that the current trend might continue.

Stock Price Prediction

Update at 5:00pm EST
If tomorrow: Open lower Open higher
High: 17.61 - 17.71 17.71 - 17.79
Low: 16.77 - 16.91 16.91 - 17.01
Close: 17.24 - 17.45 17.45 - 17.61

Company Description

Cleveland-Cliffs Inc. operates as a flat-rolled steel producer in North America. The company offers carbon steel products, such as hot-rolled, cold-rolled, electrogalvanized, hot-dip galvanized, hot-dip galvannealed, aluminized, enameling, and advanced high-strength steel products; stainless steel products; plates; and grain oriented and non-oriented electrical steel products. It also provides tubular components, including carbon steel, stainless steel, and electric resistance welded tubing. In addition, the company offers tinplate products, such as electrolytic tin coated and chrome coated sheet, and tin mill products; tooling and sampling; raw materials; ingots, rolled blooms, and cast blooms; and hot-briquetted iron products. Further, it owns five iron ore mines in Minnesota and Michigan. The company serves automotive, infrastructure and manufacturing, distributors and converters, and steel producers. Cleveland-Cliffs Inc. was formerly known as Cliffs Natural Resources Inc. and changed its name to Cleveland-Cliffs Inc. in August 2017. The company was founded in 1847 and is headquartered in Cleveland, Ohio.

Headline News

Sat, 25 Mar 2023
Altus Wealth Group LLC Takes $164000 Position in Cleveland-Cliffs ... - MarketBeat

Fri, 24 Mar 2023
What is the Market's View on Cleveland-Cliffs Inc (CLF) Stock's Price and Volume Trends Friday? - InvestorsObserver

Thu, 23 Mar 2023
CLF May 5th Options Begin Trading - Nasdaq

Tue, 21 Mar 2023
Cleveland-Cliffs Inc. (CLF) is Attracting Investor Attention: Here is ... - Nasdaq

Wed, 15 Mar 2023
Is Cleveland-Cliffs Inc (CLF) a Stock to Watch After Losing -15.25% This Week? - InvestorsObserver

Mon, 13 Mar 2023
Cleveland-Cliffs Raises Price for Hot Rolled Steel to $1200 per net ton - Cleveland Cliffs

Financial Analysis

Price to Book Value: Outperform
P/BV, a ratio used to compare book value to its current market price, to gauge whether a stock is valued properly.
Price to Earnings: Underperform
PE, the ratio for valuing a company that measures its current share price relative to its earnings per share (EPS).
Discounted cash flow: Outperform
DCF, a valuation method used to estimate the value of an investment based on its expected future cash flows.
Return on Assets: Neutral
ROA, indicates how profitable a company is in relation to its total assets, how efficiently uses assets to generate a profit.
Return on Equity: Neutral
ROE, a measure of financial performance calculated by dividing net income by equity. a gauge of profitability and efficiency.
Debt to Equity: Outperform
evaluate financial leverage, reflects the ability of equity to cover outstanding debts in the event of a business downturn.
Free Technical Analysis Charts

Stock Basics & Statistics

Exchange:  NYSE
Sector:  Basic Materials
Industry:  Steel
Shares Out. 515 (M)
Shares Float 506 (M)
% Held by Insiders 1.4 (%)
% Held by Institutions 67.6 (%)
Shares Short 34,040 (K)
Shares Short P.Month 35,520 (K)

Stock Financials

EPS 2.27
EPS Est Next Qtl 0.09
EPS Est This Year 0.69
EPS Est Next Year 0.81
Book Value (p.s.) 15.18
Profit Margin (%) 5.8
Operating Margin (%) 9.5
Return on Assets (ttm) 7.2
Return on Equity (ttm) 19.8
Qtrly Rev. Growth -5.6
Gross Profit (p.s.) 4.89
Sales Per Share 44.65
EBITDA (p.s.) 6.25
Qtrly Earnings Growth 0
Operating Cash Flow 2,420 (M)
Levered Free Cash Flow 1,370 (M)

Stock Valuations

PE Ratio 7.64
PEG Ratio -0.6
Price to Book value 1.14
Price to Sales 0.39
Price to Cash Flow 3.7

Stock Dividends

Dividend 0.05
Forward Dividend 0
Dividend Yield 0.3%
Dividend Pay Date 2020-04-14
Ex-Dividend Date 2020-04-01
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