CVA.DE stock is trading higher in the pre-market session, up 3.10% to €10.57 on XETRA on 28 Feb 2026. Volume is light at 101.00 shares while the 50-day average sits at 1,287.00, suggesting an early directional move rather than broad conviction. The steel and iron ore backdrop and short-term supply comments appear to be driving interest in Cleveland-Cliffs Inc. (CVA.DE). We outline the drivers behind the move, fundamentals, Meyka AI grade and a model forecast to frame the risk-reward for German market investors.

CVA.DE stock: pre-market price action and intraday snapshot

CVA.DE stock opened at €10.06 and is trading at €10.57, matching the day high. The one-day change is +€0.32 or +3.10%, with a year high of €21.30 and year low of €8.76. Market cap on XETRA stands at €5,335,371,048.00 and shares outstanding are 504,861,000.00.

Fundamental snapshot for Cleveland-Cliffs Inc. (CVA.DE) on XETRA

Cleveland-Cliffs shows a trailing EPS of -13.22 and a PE near -0.80, reflecting recent losses. Book value per share is €10.36 with a price-to-book of 1.06, and interest-bearing metrics show debt-to-equity of 1.33. Current ratio is 2.04, while free cash flow per share TTM is -2.80, underlining working capital pressure. These figures point to a company with asset backing but near-term cash flow headwinds.

Why CVA.DE stock is a top pre-market gainer

Market participants cite firmer steel margins and stronger iron-ore pricing as the immediate catalyst for the pre-market uptick. Sector rotation into Basic Materials (YTD +16.47%) is adding momentum. With the 50-day average at €10.13 and the price now above that level, short-term traders are pushing position sizes higher ahead of global steel data releases and any company updates.

CVA.DE stock valuation and technical context

Relative valuation is mixed: price-to-sales is 0.32 and enterprise value to sales is 0.71, which looks inexpensive versus many peers. The 200-day average remains higher at €14.35, indicating a medium-term downtrend. On-volume is low today (rel. volume 0.08), so technical breakout claims require confirmation with higher turnover or fresh fundamental news.

Meyka AI rates CVA.DE with a score out of 100 and model forecast

Meyka AI rates CVA.DE with a score out of 100: 60.21, Grade B, Suggestion: HOLD. This grade factors in S&P 500 benchmark comparison, sector performance, financial growth, key metrics, and analyst consensus. Meyka AI’s forecast model projects a 1-year value of €6.95. Compared with the current price €10.57, that implies an estimated downside of -34.24%. Forecasts are model-based projections and not guarantees.

Risks, catalysts and price target framework for CVA.DE stock

Key risks include continued negative EPS, weak free cash flow, and elevated leverage with interest coverage negative. Catalysts that could change the outlook are better steel demand, margin improvement at integrated steelmakers, or asset sales. A practical price-target range framed by valuation and sentiment: near-term target €12.50, base case €9.00, downside per Meyka model €6.95. Use tight risk controls given volatility.

Final Thoughts

CVA.DE stock leads pre-market gainers on XETRA at €10.57, up 3.10%, driven by sector momentum and short-term supply-demand signals for steel and iron ore. Fundamentals show a mixed picture: book value per share €10.36 supports the stock near current levels, while EPS -13.22 and free cash flow pressures underline operational risk. Meyka AI rates the stock 60.21/100 (B, HOLD) and highlights the gap between market price and model output. Meyka AI’s forecast model projects €6.95 in one year, an implied downside of -34.24% versus today’s €10.57; forecasts are model-based projections and not guarantees. Traders seeking exposure should weigh near-term catalysts against structural cash-flow challenges, and consider the suggested price-target band of €6.95–€12.50 when sizing positions. Meyka AI, our AI-powered market analysis platform, provides this context to inform decision-making but this is not investment advice.

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Stock markets involve risks. This content is for informational purposes only. Past performance does not guarantee future results. Meyka AI PTY LTD provides market analysis and data insights, not financial advice. Always conduct your own research and consider consulting a licensed financial advisor.