In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
After finishing at $4.26 in the prior trading day, Algoma Steel Group Inc (NASDAQ: ASTL) closed at $4.25, down -0.23%. In other words, the price has decreased by -$0.23 from its previous closing price. On the day, 1.82 million shares were traded. ASTL stock price reached its highest trading level at $4.36 during the session, while it also had its lowest trading level at $4.185.
Ratios:
Our goal is to gain a better understanding of ASTL by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.98 and its Current Ratio is at 2.46. In the meantime, Its Debt-to-Equity ratio is 0.50 whereas as Long-Term Debt/Eq ratio is at 0.47.
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 448325888 and an Enterprise Value of 1011468672. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.27 while its Price-to-Book (P/B) ratio in mrq is 0.47. Its current Enterprise Value per Revenue stands at 0.442 whereas that against EBITDA is -2.565.
Stock Price History:
The Beta on a monthly basis for ASTL is 1.58, which has changed by -0.589372 over the last 52 weeks, in comparison to a change of 0.20772064 over the same period for the S&P500. Over the past 52 weeks, ASTL has reached a high of $12.14, while it has fallen to a 52-week low of $3.02. The 50-Day Moving Average of the stock is -1.51%, while the 200-Day Moving Average is calculated to be -26.63%.
Shares Statistics:
The stock has traded on average 1.75M shares per day over the past 3-months and 2251010 shares per day over the last 10 days, according to various share statistics. A total of 104.93M shares are outstanding, with a floating share count of 96.27M. Insiders hold about 8.26% of the company’s shares, while institutions hold 78.45% stake in the company. Shares short for ASTL as of 1760486400 were 4916579 with a Short Ratio of 2.80, compared to 1757894400 on 4044002. Therefore, it implies a Short% of Shares Outstanding of 4916579 and a Short% of Float of 6.3.
Earnings Estimates
The consensus estimate for the next quarter is -$1.04, with high estimates of -$1.04 and low estimates of -$1.04.
EPS for the following year is -$2.42, with 3.0 analysts recommending between -$1.72 and -$3.35.
Revenue Estimates
For the next quarter, 3 analysts are estimating revenue of $470.5M. There is a high estimate of $470.5M for the next quarter, whereas the lowest estimate is $470.5M.
A total of 3 analysts have provided revenue estimates for ASTL’s current fiscal year. The highest revenue estimate was $2.23B, while the lowest revenue estimate was $2.01B, resulting in an average revenue estimate of $2.11B. In the same quarter a year ago, actual revenue was $2.46BBased on 3 analysts’ estimates, the company’s revenue will be $2.45B in the next fiscal year. The high estimate is $2.79B and the low estimate is $1.99B.
