Algoma Steel Group Inc (NASDAQ: ASTL) closed the day trading at $8.13 down -2.17% from the previous closing price of $8.31. In other words, the price has decreased by -$0.18 from its previous closing price. On the day, 1398091 shares were traded.
Ratios:
For a better understanding of ASTL, let’s look at its different ratios. 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 864.09M and an Enterprise Value of 901.50M. As of this moment, Algoma’s Price-to-Earnings (P/E) ratio for their current fiscal year is 88.47. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.40 while its Price-to-Book (P/B) ratio in mrq is 0.77. Its current Enterprise Value per Revenue stands at 0.32 whereas that against EBITDA is 3.69.
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 8.18, while the 200-Day Moving Average is calculated to be 7.79.
Shares Statistics:
Over the past 3-months, ASTL traded about 616.19K shares per day on average, while over the past 10 days, ASTL traded about 528.35k shares per day. A total of 103.57M shares are outstanding, with a floating share count of 94.49M. Insiders hold about 9.18% of the company’s shares, while institutions hold 74.04% stake in the company. Shares short for ASTL as of Mar 15, 2024 were 3.55M with a Short Ratio of 6.04, compared to 3.6M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 3.41% and a Short% of Float of 4.60%.
Dividends & Splits
ASTL’s forward annual dividend rate is 0.20, up from 0.27 a year ago. Against a Trailing Annual Dividend Yield of 3.20%, it implies a Forward Annual Dividend Yield of 2.37%.
Earnings Estimates
Current recommendations for the stock of the company come from 2 analysts. On average, analysts expect EPS of -$0.01 for the current quarter, with a high estimate of -$0.01 and a low estimate of -$0.02, 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 $0.49 and $0.29 for the fiscal current year, implying an average EPS of $0.39. EPS for the following year is $1.44, with 2 analysts recommending between $1.68 and $1.2.
Revenue Estimates
4 analysts predict $576.52M in revenue for the current quarter. It ranges from a high estimate of $624M to a low estimate of $531M. As of the current estimate, Algoma Steel Group Inc’s year-ago sales were $677.4M, an estimated decrease of -14.90% from the year-ago figure. For the next quarter, 1 analysts are estimating revenue of $700M, a decrease of -15.40% less than the figure of -$14.90% in the same quarter last year. There is a high estimate of $700M for the next quarter, whereas the lowest estimate is $700M.
A total of 4 analysts have provided revenue estimates for ASTL’s current fiscal year. The highest revenue estimate was $2.8B, while the lowest revenue estimate was $2.71B, resulting in an average revenue estimate of $2.76B. In the same quarter a year ago, actual revenue was $2.78B, down -0.50% 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 $2.91B and the low estimate is $2.53B. The average revenue growth estimate for next year is down -1.40% from the average revenue estimate for this year.
