The price of Algoma Steel Group Inc. (NASDAQ: ASTL) closed at $7.07 in the last session, down -0.98% from day before closing price of $7.14. In other words, the price has decreased by -$0.07 from its previous closing price. On the day, 517587 shares were traded. ASTL stock price reached its highest trading level at $7.16 during the session, while it also had its lowest trading level at $6.99.
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We take a closer look at ASTL’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 3.97 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 17.53. For the most recent quarter (mrq), Quick Ratio is recorded 1.50 and its Current Ratio is at 3.70. In the meantime, Its Debt-to-Equity ratio is 0.08 whereas as Long-Term Debt/Eq ratio is at 0.07.
Upgrades & Downgrades
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ASTL now has a Market Capitalization of 819.06M and an Enterprise Value of 727.09M. As of this moment, Algoma’s Price-to-Earnings (P/E) ratio for their current fiscal year is 1.99, and their Forward P/E ratio for the next fiscal year is 3.96. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.32 while its Price-to-Book (P/B) ratio in mrq is 0.67. Its current Enterprise Value per Revenue stands at 0.24 whereas that against EBITDA is 0.87.
Stock Price History:
Over the past 52 weeks, ASTL has reached a high of $10.06, while it has fallen to a 52-week low of $5.64. The 50-Day Moving Average of the stock is 7.50, while the 200-Day Moving Average is calculated to be 7.47.
According to the various share statistics, ASTL traded on average about 858.67K shares per day over the past 3-months and 616.14k shares per day over the past 10 days. A total of 103.57M shares are outstanding, with a floating share count of 94.19M. Insiders hold about 10.83% of the company’s shares, while institutions hold 65.80% stake in the company. Shares short for ASTL as of Apr 27, 2023 were 5.43M with a Short Ratio of 3.66M, compared to 5.98M on Mar 30, 2023. Therefore, it implies a Short% of Shares Outstanding of 5.24% and a Short% of Float of 7.08%.
Dividends & Splits
The forward annual dividend rate for ASTL is 0.20, which was 0.26 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 3.71%, it implies a Forward Annual Dividend Yield of 2.67%.
The company has 2 analysts who recommend its stock at the moment. On average, analysts expect EPS of -$0.03 for the current quarter, with a high estimate of -$0.01 and a low estimate of -$0.05, while EPS last year was $1.45. The consensus estimate for the next quarter is $1.05, with high estimates of $1.05 and low estimates of $1.05.
Analysts are recommending an EPS of between $1.81 and $1.15 for the fiscal current year, implying an average EPS of $1.53. EPS for the following year is $2.06, with 4 analysts recommending between $2.9 and $1.13.
According to 4 analysts, the current quarter’s revenue is expected to be $669.95M. It ranges from a high estimate of $721M to a low estimate of $624.8M. As of the current estimate, Algoma Steel Group Inc.’s year-ago sales were $941.8M, an estimated decrease of -28.90% from the year-ago figure. For the next quarter, 1 analysts are estimating revenue of $658.1M, a decrease of -29.30% less than the figure of -$28.90% in the same quarter last year. There is a high estimate of $658.1M for the next quarter, whereas the lowest estimate is $658.1M.
A total of 5 analysts have provided revenue estimates for ASTL’s current fiscal year. The highest revenue estimate was $2.82B, while the lowest revenue estimate was $2.72B, resulting in an average revenue estimate of $2.76B. In the same quarter a year ago, actual revenue was $3.81B, down -27.40% from the average estimate. Based on 5 analysts’ estimates, the company’s revenue will be $2.87B in the next fiscal year. The high estimate is $3.07B and the low estimate is $2.62B. The average revenue growth estimate for next year is up 4.10% from the average revenue estimate for this year.