What shareholders can do to beat the market with Algoma Steel Group Inc. (ASTL) stock

As of close of business last night, Algoma Steel Group Inc.’s stock clocked out at $7.44, up 2.48% from its previous closing price of $7.26. In other words, the price has increased by $+0.18 from its previous closing price. On the day, 963091 shares were traded. ASTL stock price reached its highest trading level at $7.44 during the session, while it also had its lowest trading level at $7.23.

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Ratios:

To gain a deeper understanding of ASTL’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 2.15 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 1.46. For the most recent quarter (mrq), Quick Ratio is recorded 1.80 and its Current Ratio is at 3.60. In the meantime, Its Debt-to-Equity ratio is 0.07 whereas as Long-Term Debt/Eq ratio is at 0.06.

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Valuation Measures:

As of this moment, Algoma’s Price-to-Earnings (P/E) ratio for their current fiscal year is 1.52, and their Forward P/E ratio for the next fiscal year is 6.25. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.28 while its Price-to-Book (P/B) ratio in mrq is 0.68.

Stock Price History:

Over the past 52 weeks, ASTL has reached a high of $12.50, while it has fallen to a 52-week low of $5.64. The 50-Day Moving Average of the stock is 6.39, while the 200-Day Moving Average is calculated to be 8.20.

Shares Statistics:

It appears that ASTL traded 1.16M shares on average per day over the past three months and 1.46M shares per day over the past ten days. A total of 103.86M shares are outstanding, with a floating share count of 95.74M. Insiders hold about 10.64% of the company’s shares, while institutions hold 65.80% stake in the company. Shares short for ASTL as of Oct 13, 2022 were 6.75M with a Short Ratio of 5.90M, compared to 3.29M on Sep 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 6.40% and a Short% of Float of 8.60%.

Earnings Estimates

As of right now, 3 analysts gave their recommendation on the stock of the company. The consensus estimate for the next quarter is $0.5, with high estimates of $0.71 and low estimates of $0.26.

Analysts are recommending an EPS of between $4.62 and $3.12 for the fiscal current year, implying an average EPS of $3.69. EPS for the following year is $2.13, with 4 analysts recommending between $3.54 and $1.25.

Revenue Estimates

A total of 5 analysts have provided revenue estimates for ASTL’s current fiscal year. The highest revenue estimate was $3.45B, while the lowest revenue estimate was $2.72B, resulting in an average revenue estimate of $2.95B. In the same quarter a year ago, actual revenue was $3.81B, down -22.50% from the average estimate. Based on 5 analysts’ estimates, the company’s revenue will be $2.67B in the next fiscal year. The high estimate is $3.41B and the low estimate is $2.34B. The average revenue growth estimate for next year is down -9.40% from the average revenue estimate for this year.