With 21.43 million shares changed hands, the volume of the stock remained lighter than its average volume of 22.36 million shares. The 52-week range on CLF shows that it touched its highest point at $18.03 and its lowest point at $6.17 during that stretch. It currently has a 1-year price target of $9.81. Beta for the stock currently stands at 1.92.
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 up-trending over the past week, with a rise of 8.71%, but this was up by 5.99% over a month. Three-month performance dropped to -33.71% while six-month performance fell -36.48%. The stock lost -57.25% in the past year, while it has lost -19.04% so far this year. A look at the trailing 12-month EPS for CLF yields -2.43 with Next year EPS estimates of 0.24. For the next quarter, that number is -0.38. This implies an EPS growth rate of -74.79% for this year and 118.81% for next year.
Float and Shares Shorts:
At present, 494.49 million CLF shares are outstanding with a float of 485.55 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 -$0.17 and the low estimate is -$0.37. The average estimate for the next quarter is thus -$0.27.
