Investors aiming for above-average returns often turn to the practice of stock picking. Skillful choices in individual stocks can be a catalyst for substantial wealth growth.
After finishing at $4.65 in the prior trading day, Algoma Steel Group Inc (NASDAQ: ASTL) closed at $4.59, down -1.29%. In other words, the price has decreased by -$1.29 from its previous closing price. On the day, 0.77 million shares were traded. ASTL stock price reached its highest trading level at $4.76 during the session, while it also had its lowest trading level at $4.55.
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 1.28 and its Current Ratio is at 3.07. In the meantime, Its Debt-to-Equity ratio is 0.44 whereas as Long-Term Debt/Eq ratio is at 0.42.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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 487678336 and an Enterprise Value of 871801920. 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 0.46. Its current Enterprise Value per Revenue stands at 0.355 whereas that against EBITDA is -4.687.
Stock Price History:
The Beta on a monthly basis for ASTL is 1.60, which has changed by -0.39999998 over the last 52 weeks, in comparison to a change of 0.07019031 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 -30.12%, while the 200-Day Moving Average is calculated to be -47.94%.
Shares Statistics:
The stock has traded on average 1.04M shares per day over the past 3-months and 1342440 shares per day over the last 10 days, according to various share statistics. A total of 104.86M shares are outstanding, with a floating share count of 95.48M. Insiders hold about 8.95% of the company’s shares, while institutions hold 81.28% stake in the company. Shares short for ASTL as of 1743379200 were 3406159 with a Short Ratio of 3.26, compared to 1740700800 on 3599132. Therefore, it implies a Short% of Shares Outstanding of 3406159 and a Short% of Float of 4.37.
Dividends & Splits
In the trailing 12 months, ASTL’s forward annual dividend rate was 0.288, compared to 0.20 this year. Against a Trailing Annual Dividend Yield of 0.06193548
