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.
The closing price of Algoma Steel Group Inc (NASDAQ: ASTL) was $5.11 for the day, down -0.39% from the previous closing price of $5.13. In other words, the price has decreased by $-0.39 from its previous closing price. On the day, 0.97 million shares were traded. ASTL stock price reached its highest trading level at $5.305 during the session, while it also had its lowest trading level at $5.065.
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 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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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 550893760 and an Enterprise Value of 926328448. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.30 while its Price-to-Book (P/B) ratio in mrq is 0.51. Its current Enterprise Value per Revenue stands at 0.377 whereas that against EBITDA is -4.98.
Stock Price History:
The Beta on a monthly basis for ASTL is 1.58, which has changed by -0.33202612 over the last 52 weeks, in comparison to a change of 0.097913146 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 -14.33%, while the 200-Day Moving Average is calculated to be -41.43%.
Shares Statistics:
ASTL traded an average of 1.09M shares per day over the past three months and 865400 shares per day over the past ten days. A total of 104.86M shares are outstanding, with a floating share count of 89.98M. Insiders hold about 14.19% of the company’s shares, while institutions hold 81.58% stake in the company. Shares short for ASTL as of 1744675200 were 3805453 with a Short Ratio of 3.51, compared to 1741910400 on 2842183. Therefore, it implies a Short% of Shares Outstanding of 3805453 and a Short% of Float of 4.8800003.
Dividends & Splits
With its trailing 12-month dividend rate of 0.288, ASTL has a forward annual dividend rate of 0.20. Against a Trailing Annual Dividend Yield of 0.05614035
