The pursuit of outperformance leads many investors to carefully choose individual stocks. Picking the right ones can be a game-changer for growing your wealth.
The closing price of Algoma Steel Group Inc (NASDAQ: ASTL) was $5.46 for the day, down -3.19% from the previous closing price of $5.64. In other words, the price has decreased by -$3.19 from its previous closing price. On the day, 0.85 million shares were traded.
Ratios:
Our analysis of ASTL’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 1.47 and its Current Ratio is at 3.10. In the meantime, Its Debt-to-Equity ratio is 0.44 whereas as Long-Term Debt/Eq ratio is at 0.42.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Sep 16 ’24 when Sgro David bought 200,000 shares for $10.21 per share.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 0.34 while its Price-to-Book (P/B) ratio in mrq is 0.56.
Stock Price History:
Over the past 52 weeks, ASTL has reached a high of $12.14, while it has fallen to a 52-week low of $4.17. The 50-Day Moving Average of the stock is -3.87%, while the 200-Day Moving Average is calculated to be -36.81%.
Shares Statistics:
A total of 104.93M shares are outstanding, with a floating share count of 90.22M. Insiders hold about 13.96% of the company’s shares, while institutions hold 81.45% stake in the company.
