With 26.67 million shares changed hands, the volume of the stock remained heavier than its average volume of 16.83 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 $12.34. Beta for the stock currently stands at 1.86.
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 -12.23%, but this was down by -7.52% over a month. Three-month performance dropped to -21.99% while six-month performance fell -28.96%. The stock lost -54.47% in the past year, while it has gained 0.74% so far this year. A look at the trailing 12-month EPS for CLF yields -1.57 with Next year EPS estimates of 0.65. For the next quarter, that number is -0.55. This implies an EPS growth rate of 50.08% for this year and 277.33% for next year.
Float and Shares Shorts:
At present, 493.95 million CLF shares are outstanding with a float of 483.61 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 -$0.19 and the low estimate is -$0.34. The average estimate for the next quarter is thus -$0.25.
Summary of Insider Activity:
Insiders traded CLF stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has remained unchanged to 0 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 0 while 0 shares were sold.
