In the pursuit of market outperformance, investors navigate the landscape of stock selection. The right picks can play a pivotal role in enhancing your wealth.
In the latest session, Algoma Steel Group Inc (NASDAQ: ASTL) closed at $5.94 down -3.26% from its previous closing price of $6.14. In other words, the price has decreased by -$3.26 from its previous closing price. On the day, 0.57 million shares were traded. ASTL stock price reached its highest trading level at $6.22 during the session, while it also had its lowest trading level at $5.91.
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 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:
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 642304064 and an Enterprise Value of 1034333056. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.35 while its Price-to-Book (P/B) ratio in mrq is 0.59. Its current Enterprise Value per Revenue stands at 0.421 whereas that against EBITDA is -5.561.
Stock Price History:
The Beta on a monthly basis for ASTL is 1.51, which has changed by -0.27164888 over the last 52 weeks, in comparison to a change of 0.10063088 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 $5.20. The 50-Day Moving Average of the stock is -20.34%, while the 200-Day Moving Average is calculated to be -33.68%.
Shares Statistics:
For the past three months, ASTL has traded an average of 951.82K shares per day and 1351700 over the past ten days. 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 81.65% stake in the company. Shares short for ASTL as of 1741910400 were 2842183 with a Short Ratio of 2.99, compared to 1739491200 on 4063073. Therefore, it implies a Short% of Shares Outstanding of 2842183 and a Short% of Float of 3.65.
Dividends & Splits
According to the company, the forward annual dividend rate for ASTL is 0.20, from 0.288 in the trailing year. Against a Trailing Annual Dividend Yield of 0.046905536
