Investors in cash trouble should check out Cleveland-Cliffs Inc (CLF)

With 34.55 million shares changed hands, the volume of the stock remained heavier than its average volume of 22.56 million shares. The 52-week range on CLF shows that it touched its highest point at $18.10 and its lowest point at $6.17 during that stretch. It currently has a 1-year price target of $10.29. Beta for the stock currently stands at 2.01.

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 -21.17%, but this was down by -11.95% over a month. Three-month performance dropped to -30.28% while six-month performance fell -39.71%. The stock lost -59.56% in the past year, while it has lost -25.53% so far this year. A look at the trailing 12-month EPS for CLF yields -2.43 with Next year EPS estimates of 0.25. For the next quarter, that number is -0.27. This implies an EPS growth rate of -42.74% for this year and 124.31% for next year.

Float and Shares Shorts:

At present, 494.49 million CLF shares are outstanding with a float of 485.56 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 $0.31 and the low estimate is $0.03. The average estimate for the next quarter is thus $0.13.