Cleveland-Cliffs is a steel business based in the US. Cleveland-Cliffs shares (CLF.US) are listed on the NYSE and all prices are listed in US dollars. Its last market close was $18.55 – a decrease of 11.03% over the previous day. Cleveland-Cliffs employs 28,000 staff and has a trailing 12-month revenue of around $22 billion.
Only you can make the decision on the time to leap... but here's some supporting information and analysis.
Over the last 12 months, Cleveland-Cliffs's shares have ranged in value from as little as $13.61 up to $22.97. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while Cleveland-Cliffs's is 2.036. This would suggest that Cleveland-Cliffs's shares are significantly more volatile than the average for this exchange and represent a higher risk.
Historical closes compared with the last close of $18.55
| 1 week (2024-04-16) | -12.54% |
|---|---|
| 1 month (2024-03-21) | -12.75% |
| 3 months (2024-01-23) | 1.53% |
| 6 months (2023-10-23) | 18.53% |
| 1 year (2023-04-23) | 14.44% |
| 2 years (2022-04-19) | -39.30% |
| 3 years (2021-04-22) | 3.17% |
| 5 years (2019-04-23) | 95.06% |
The gauge below shows real-time ratings that are based on 26 popular indicators such as moving averages, for specific time periods. It's not a recommendation but is simply technical analysis that can form part of your research.
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Valuing a stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of overall performance. However, analysts commonly use some key metrics to help gauge value. Check out the Cleveland-Cliffs P/E ratio, PEG ratio and EBITDA
Cleveland-Cliffs's current stock price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 27x. In other words, Cleveland-Cliffs stocks trade at around 27x recent earnings.
That's relatively high compared to, say, the trailing 12-month P/E ratio for the United States stock markets on average as of November 09, 2023 (20.44). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.
Cleveland-Cliffs's EBITDA (earnings before interest, taxes, depreciation and amortisation) is a whopping $1.9 billion.
The EBITDA is a measure of a Cleveland-Cliffs's overall financial performance and is widely used to measure a its profitability.
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