The closing price of Algoma Steel Group Inc (NASDAQ: ASTL) was $7.64 for the day, down -3.90% from the previous closing price of $7.95. In other words, the price has decreased by -$0.31 from its previous closing price. On the day, 506452 shares were traded. ASTL stock price reached its highest trading level at $7.91 during the session, while it also had its lowest trading level at $7.59.
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 0.98 and its Current Ratio is at 2.88. In the meantime, Its Debt-to-Equity ratio is 0.10 whereas as Long-Term Debt/Eq ratio is at 0.09.
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 799.51M and an Enterprise Value of 837.23M. As of this moment, Algoma’s Price-to-Earnings (P/E) ratio for their current fiscal year is 83.13. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.37 while its Price-to-Book (P/B) ratio in mrq is 0.73. Its current Enterprise Value per Revenue stands at 0.29 whereas that against EBITDA is 3.43.
Stock Price History:
Over the past 52 weeks, ASTL has reached a high of $10.25, while it has fallen to a 52-week low of $6.34. The 50-Day Moving Average of the stock is 8.51, while the 200-Day Moving Average is calculated to be 7.72.
Shares Statistics:
ASTL traded an average of 746.95K shares per day over the past three months and 909.23k shares per day over the past ten days. A total of 103.57M shares are outstanding, with a floating share count of 93.59M. Insiders hold about 9.64% of the company’s shares, while institutions hold 75.60% stake in the company. Shares short for ASTL as of Feb 29, 2024 were 4.18M with a Short Ratio of 5.59, compared to 3.36M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 4.02% and a Short% of Float of 5.42%.
Dividends & Splits
With its trailing 12-month dividend rate of 0.27, ASTL has a forward annual dividend rate of 0.20. Against a Trailing Annual Dividend Yield of 3.35%, it implies a Forward Annual Dividend Yield of 2.61%.
Earnings Estimates
The firm’s stock currently is rated by 2 analysts. On average, analysts expect EPS of -$0.08 for the current quarter, with a high estimate of -$0.07 and a low estimate of -$0.1, while EPS last year was -$0.19. The consensus estimate for the next quarter is $0, with high estimates of $0 and low estimates of $0.
Analysts are recommending an EPS of between $0.4 and $0.24 for the fiscal current year, implying an average EPS of $0.32. EPS for the following year is $1.4, with 2 analysts recommending between $1.63 and $1.17.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 4 analysts. It ranges from a high estimate of $570M to a low estimate of $541.4M. As of the current estimate, Algoma Steel Group Inc’s year-ago sales were $677.4M, an estimated decrease of -17.80% from the year-ago figure. For the next quarter, 1 analysts are estimating revenue of $682.1M, a decrease of -17.50% over than the figure of -$17.80% in the same quarter last year. There is a high estimate of $682.1M for the next quarter, whereas the lowest estimate is $682.1M.
A total of 4 analysts have provided revenue estimates for ASTL’s current fiscal year. The highest revenue estimate was $2.75B, while the lowest revenue estimate was $2.71B, resulting in an average revenue estimate of $2.73B. In the same quarter a year ago, actual revenue was $2.78B, down -1.70% from the average estimate. Based on 4 analysts’ estimates, the company’s revenue will be $2.72B in the next fiscal year. The high estimate is $2.9B and the low estimate is $2.53B. The average revenue growth estimate for next year is down -0.30% from the average revenue estimate for this year.
