Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.

After finishing at $6.92 in the prior trading day, Algoma Steel Group Inc (NASDAQ: ASTL) closed at $6.77, down -2.17%. In other words, the price has decreased by -$2.17 from its previous closing price. On the day, 1.13 million shares were traded. ASTL stock price reached its highest trading level at $6.96 during the session, while it also had its lowest trading level at $6.63.

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 1.47 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:

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 710403200 and an Enterprise Value of 1138401792. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.42 while its Price-to-Book (P/B) ratio in mrq is 0.69. Its current Enterprise Value per Revenue stands at 0.484 whereas that against EBITDA is -3.588.

Stock Price History:

The Beta on a monthly basis for ASTL is 1.65, which has changed by -0.21552724 over the last 52 weeks, in comparison to a change of 0.17774606 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 7.63%, while the 200-Day Moving Average is calculated to be -12.53%.

Shares Statistics:

The stock has traded on average 963.37K shares per day over the past 3-months and 761040 shares per day over the last 10 days, according to various share statistics. A total of 104.93M shares are outstanding, with a floating share count of 90.32M. Insiders hold about 13.92% of the company’s shares, while institutions hold 78.04% stake in the company. Shares short for ASTL as of 1751241600 were 4123011 with a Short Ratio of 4.28, compared to 1748563200 on 3121957. Therefore, it implies a Short% of Shares Outstanding of 4123011 and a Short% of Float of 5.2800003.

Dividends & Splits

In the trailing 12 months, ASTL’s forward annual dividend rate was 0.292, compared to 0.20 this year. Against a Trailing Annual Dividend Yield of 0.04219653