With 39.06 million shares changed hands, the volume of the stock remained heavier than its average volume of 19.64 million shares. During the session, the Steel company that operates in wider Basic Materials sector, reached to the highest price of $7.01 whereas the lowest price it dropped to was $6.172. The 52-week range on CLF shows that it touched its highest point at $22.97 and its lowest point at $7.25 during that stretch. It currently has a 1-year price target of $11.89. CLF paid its most recent dividend on 1585785600, while the ex-dividend date for that was 1585785600. Beta for the stock currently stands at 2.06.
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 -18.31%, but this was down by -30.82% over a month. Three-month performance dropped to -27.04% while six-month performance fell -46.30%. The stock lost -69.51% in the past year, while it has lost -25.96% so far this year. A look at the trailing 12-month EPS for CLF yields -1.57 with Next year EPS estimates of 0.47. For the next quarter, that number is -0.71. This implies an EPS growth rate of 32.83% for this year and 195.59% for next year.
Float and Shares Shorts:
At present, 493.95 million CLF shares are outstanding with a float of 483.62 million shares on hand for trading. On 2025-03-14, short shares totaled 58.28 million, which was 1179.0 higher than short shares on 1739491200. In addition to Mr. Celso L. Goncalves Jr. as the firm’s Executive VP & CFO, Mr. Clifford T. Smith serves as its Executive VP & COO.
Institutional Ownership:
Through their ownership of 0.73899 of CLF’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-12-31, CLF reported revenue of $4325000000.0 and operating income of -$437000000.0. The EBITDA in the recently reported quarter was -$156000000.0 and diluted EPS was $nan.
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. With CLF analysts setting a high price target of 20.0 and a low target of 8.0, the average target price over the next 12 months is 11.77778. Based on these targets, CLF could surge 187.36% to reach the target high and rise by 14.94% to reach the target low. Reaching the average price target will result in a growth of 69.22% from current levels.
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 -$0.02 and the low estimate is -$0.23. The average estimate for the next quarter is thus -$0.12.
