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.
In the latest session, Algoma Steel Group Inc (NASDAQ: ASTL) closed at $4.53 down -0.44% from its previous closing price of $4.55. In other words, the price has decreased by -$0.44 from its previous closing price. On the day, 0.92 million shares were traded. ASTL stock price reached its highest trading level at $4.64 during the session, while it also had its lowest trading level at $4.485.
Ratios:
For a deeper understanding of Algoma Steel Group Inc’s stock, let’s take a closer look at its various 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.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. 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:
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 478531104 and an Enterprise Value of 1040850112. 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 0.50. Its current Enterprise Value per Revenue stands at 0.454 whereas that against EBITDA is -2.64.
Stock Price History:
The Beta on a monthly basis for ASTL is 1.61, which has changed by -0.52365935 over the last 52 weeks, in comparison to a change of 0.15222645 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 $4.17. The 50-Day Moving Average of the stock is -26.19%, while the 200-Day Moving Average is calculated to be -37.99%.
Shares Statistics:
For the past three months, ASTL has traded an average of 1.05M shares per day and 1051880 over the past ten days. A total of 104.93M shares are outstanding, with a floating share count of 90.34M. Insiders hold about 13.91% of the company’s shares, while institutions hold 81.28% stake in the company. Shares short for ASTL as of 1753920000 were 3727564 with a Short Ratio of 3.56, compared to 1751241600 on 4123011. Therefore, it implies a Short% of Shares Outstanding of 3727564 and a Short% of Float of 4.78.
Earnings Estimates
The consensus estimate for the next quarter is -$0.81, with high estimates of -$0.64 and low estimates of -$1.0.
EPS for the following year is $0.12, with 4.0 analysts recommending between $1.35 and -$2.0.
Revenue Estimates
For the next quarter, 2 analysts are estimating revenue of $538M. There is a high estimate of $538M for the next quarter, whereas the lowest estimate is $538M.
A total of 4 analysts have provided revenue estimates for ASTL’s current fiscal year. The highest revenue estimate was $2.38B, while the lowest revenue estimate was $2.16B, resulting in an average revenue estimate of $2.26B. In the same quarter a year ago, actual revenue was $2.46BBased on 4 analysts’ estimates, the company’s revenue will be $2.95B in the next fiscal year. The high estimate is $3.18B and the low estimate is $2.79B.
