Beyond market trends, investors keen on maximizing returns delve into the world of stock picking. The right selections can be instrumental in catapulting your wealth.
In the latest session, Algoma Steel Group Inc (NASDAQ: ASTL) closed at $5.44 up 0.37% from its previous closing price of $5.42. In other words, the price has increased by $0.37 from its previous closing price. On the day, 0.76 million shares were traded. ASTL stock price reached its highest trading level at $5.55 during the session, while it also had its lowest trading level at $5.25.
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 574888320 and an Enterprise Value of 960931904. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.32 while its Price-to-Book (P/B) ratio in mrq is 0.54. Its current Enterprise Value per Revenue stands at 0.391 whereas that against EBITDA is -5.166.
Stock Price History:
The Beta on a monthly basis for ASTL is 1.58, which has changed by -0.36890954 over the last 52 weeks, in comparison to a change of 0.08089435 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 -24.87%, while the 200-Day Moving Average is calculated to be -39.03%.
Shares Statistics:
For the past three months, ASTL has traded an average of 985.18K shares per day and 749340 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 81.67% stake in the company. Shares short for ASTL as of 1741910400 were 2842183 with a Short Ratio of 2.88, compared to 1739491200 on 4063073. Therefore, it implies a Short% of Shares Outstanding of 2842183 and a Short% of Float of 3.65.
