Those aspiring to outpace the market meticulously engage in the process of selecting individual stocks. Strategic choices can be instrumental in accelerating your wealth.
As of close of business last night, Algoma Steel Group Inc’s stock clocked out at $4.43, up 1.84% from its previous closing price of $4.35. In other words, the price has increased by $1.84 from its previous closing price. On the day, 0.98 million shares were traded. ASTL stock price reached its highest trading level at $4.555 during the session, while it also had its lowest trading level at $4.39.
Ratios:
To gain a deeper understanding of ASTL’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.76 and its Current Ratio is at 2.29. In the meantime, Its Debt-to-Equity ratio is 0.85 whereas as Long-Term Debt/Eq ratio is at 0.72.
Valuation Measures:
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 464856704 and an Enterprise Value of 1205456768. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.29 while its Price-to-Book (P/B) ratio in mrq is 0.74. Its current Enterprise Value per Revenue stands at 0.544 whereas that against EBITDA is -2.826.
Stock Price History:
The Beta on a monthly basis for ASTL is 1.54, which has changed by -0.5382166 over the last 52 weeks, in comparison to a change of 0.13329959 over the same period for the S&P500. Over the past 52 weeks, ASTL has reached a high of $9.99, while it has fallen to a 52-week low of $3.02. The 50-Day Moving Average of the stock is 10.27%, while the 200-Day Moving Average is calculated to be -12.92%.
Shares Statistics:
It appears that ASTL traded 2.00M shares on average per day over the past three months and 980560 shares per day over the past ten days. A total of 104.93M shares are outstanding, with a floating share count of 96.22M. Insiders hold about 8.30% of the company’s shares, while institutions hold 82.30% stake in the company. Shares short for ASTL as of 1764288000 were 5346909 with a Short Ratio of 2.68, compared to 1761868800 on 5952465. Therefore, it implies a Short% of Shares Outstanding of 5346909 and a Short% of Float of 6.8500000000000005.
