Cleveland Cliffs Stock Price on April 24, 2024
| CLF Stock | USD 17.75 0.05 0.28% |
If you're considering investing in Cleveland Stock, it is important to understand the factors that can impact its price. As of today, the current price of Cleveland Cliffs stands at 17.75, as last reported on the 14th of May 2024, with the highest price reaching 17.75 and the lowest price hitting 17.75 during the day. Cleveland Cliffs secures Sharpe Ratio (or Efficiency) of -0.054, which signifies that the company had a -0.054% return per unit of standard deviation over the last 3 months. Cleveland Cliffs exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Cleveland Cliffs' mean deviation of 1.69, and Risk Adjusted Performance of (0.02) to double-check the risk estimate we provide.
At this time, Cleveland Cliffs' Liabilities And Stockholders Equity is most likely to increase significantly in the upcoming years. The Cleveland Cliffs' current Other Stockholder Equity is estimated to increase to about 4.7 B, while Capital Stock is projected to decrease to roughly 61.1 M. . At this time, Cleveland Cliffs' Price To Free Cash Flows Ratio is most likely to slightly decrease in the upcoming years. The Cleveland Cliffs' current Price Cash Flow Ratio is estimated to increase to 9.10, while Price Book Value Ratio is projected to decrease to 1.19. Cleveland Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Cleveland |
Sharpe Ratio = -0.054
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| Negative Returns | CLF |
Estimated Market Risk
| 2.4 actual daily | 21 79% of assets are more volatile |
Expected Return
| -0.13 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.05 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Cleveland Cliffs is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Cleveland Cliffs by adding Cleveland Cliffs to a well-diversified portfolio.
Price Book 1.3045 | Enterprise Value Ebitda 7.1156 | Price Sales 0.4678 | Shares Float 465.9 M | Wall Street Target Price 21.39 |
Cleveland Cliffs Main Headline on 24th of April 2024
Q1 2024 Cleveland-Cliffs Inc Earnings Call Transcript by gurufocus.com
Apr 23, 2024 1230PM GMTOperator Good morning, ladies and gentlemen. My name is Rob, and I am your conference facilitator today. I would like to welcome every
Cleveland Cliffs Valuation on April 24, 2024
It is possible to determine the worth of Cleveland Cliffs on a given historical date. On April 24, 2024 Cleveland was worth 18.53 at the beginning of the trading date compared to the closed value of 18.32. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Cleveland Cliffs stock. Still, in general, we apply an absolute valuation method to find Cleveland Cliffs' value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Cleveland Cliffs where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Cleveland Cliffs' related companies.
| Open | High | Low | Close | Volume | |
| 19.92 | 20.04 | 18.42 | 18.55 | 32,350,456 | |
04/24/2024 | 18.53 | 18.82 | 18.15 | 18.32 | 14,393,290 |
| 18.07 | 18.41 | 17.72 | 18.23 | 14,342,557 |
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Cleveland Cliffs Trading Date Momentum on April 24, 2024
| On April 25 2024 Cleveland Cliffs was traded for 18.23 at the closing time. Highest Cleveland Cliffs's price during the trading hours was 18.41 and the lowest price during the day was 17.72 . The net volume was 14.3 M. The overall trading history on the 25th of April contributed to the next trading period price depreciation. The overall trading delta to the next next day price was 0.49% . The overall trading delta to current price is 2.95% . |
Cleveland Cliffs Fundamentals Correlations and Trends
By evaluating Cleveland Cliffs' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Cleveland Cliffs' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Cleveland financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Cleveland Cliffs Stock history
Cleveland Cliffs investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Cleveland is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Cleveland Cliffs will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Cleveland Cliffs stock prices may prove useful in developing a viable investing in Cleveland Cliffs
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 511 M | 536.5 M | |
| Net Income Applicable To Common Shares | 1.5 B | 1.6 B |
Cleveland Cliffs Quarterly Net Working Capital |
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Cleveland Cliffs Stock Technical Analysis
Cleveland Cliffs technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Cleveland Cliffs Period Price Range
Low | April 24, 2024
| High |
18.53 | 18.32 |
Cleveland Cliffs May 14, 2024 Market Strength
Market strength indicators help investors to evaluate how Cleveland Cliffs stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Cleveland Cliffs shares will generate the highest return on investment. By undertsting and applying Cleveland Cliffs stock market strength indicators, traders can identify Cleveland Cliffs entry and exit signals to maximize returns
| Accumulation Distribution | 512407.0 | |||
| Daily Balance Of Power | (0.31) | |||
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 18.49 | |||
| Day Typical Price | 18.43 | |||
| Price Action Indicator | (0.27) | |||
| Period Momentum Indicator | (0.57) |
Cleveland Cliffs Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Cleveland Cliffs' price direction in advance. Along with the technical and fundamental analysis of Cleveland Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Cleveland to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.20) | |||
| Total Risk Alpha | (0.37) | |||
| Treynor Ratio | (0.09) |
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| Volume Indicators |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cleveland Cliffs. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. For more detail on how to invest in Cleveland Stock please use our How to Invest in Cleveland Cliffs guide.You can also try the Share Portfolio module to track or share privately all of your investments from the convenience of any device.
Complementary Tools for Cleveland Stock analysis
When running Cleveland Cliffs' price analysis, check to measure Cleveland Cliffs' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Cleveland Cliffs is operating at the current time. Most of Cleveland Cliffs' value examination focuses on studying past and present price action to predict the probability of Cleveland Cliffs' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cleveland Cliffs' price. Additionally, you may evaluate how the addition of Cleveland Cliffs to your portfolios can decrease your overall portfolio volatility.
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Is Cleveland Cliffs' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Cleveland Cliffs. If investors know Cleveland will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Cleveland Cliffs listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.792 | Earnings Share 0.75 | Revenue Per Share 43.431 | Quarterly Revenue Growth (0.02) | Return On Assets 0.0392 |
The market value of Cleveland Cliffs is measured differently than its book value, which is the value of Cleveland that is recorded on the company's balance sheet. Investors also form their own opinion of Cleveland Cliffs' value that differs from its market value or its book value, called intrinsic value, which is Cleveland Cliffs' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Cleveland Cliffs' market value can be influenced by many factors that don't directly affect Cleveland Cliffs' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Cleveland Cliffs' value and its price as these two are different measures arrived at by different means. Investors typically determine if Cleveland Cliffs is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cleveland Cliffs' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.