With 13.19 million shares changed hands, the volume of the stock remained lighter than its average volume of 15.64 million shares. The 52-week range on CLF shows that it touched its highest point at $22.97 and its lowest point at $8.99 during that stretch. It currently has a 1-year price target of $12.58. Beta for the stock currently stands at 1.95.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of CLF was down-trending over the past week, with a drop of -0.35%, but this was up by 16.77% over a month. Three-month performance surged to 1.07% while six-month performance fell -8.47%. The stock lost -42.03% in the past year, while it has gained 20.74% so far this year. A look at the trailing 12-month EPS for CLF yields -0.96 with Next year EPS estimates of -0.42. For the next quarter, that number is -0.61. This implies an EPS growth rate of -153.05% for this year and 26.39% for next year. EPS is expected to decline by -10.46% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -26.78%.
Float and Shares Shorts:
At present, 493.94 million CLF shares are outstanding with a float of 484.00 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CLF since 15 analysts follow the stock currently. There are 9 analysts who recommend BUY ratings, while 3 suggest SELL ratings. Of the remaining analysts, 3 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of -$0.23518 being high and -$1.15969 being low. For CLF, this leads to a yearly average estimate of -$0.56768. Based on analyst estimates, the high estimate for the next quarter is -$0.42 and the low estimate is -$0.68. The average estimate for the next quarter is thus -$0.55.
