For those aiming to surpass market returns, the art of stock picking is crucial. Making wise choices in stocks can greatly enhance your overall wealth.
In the latest session, Algoma Steel Group Inc (NASDAQ: ASTL) closed at $8.23 down -1.20% from its previous closing price of $8.33. In other words, the price has decreased by -$1.20 from its previous closing price. On the day, 0.83 million shares were traded. ASTL stock price reached its highest trading level at $8.26 during the session, while it also had its lowest trading level at $8.13.
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 1.66 and its Current Ratio is at 3.31. 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 859886784 and an Enterprise Value of 1034101888. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.47 while its Price-to-Book (P/B) ratio in mrq is 0.82. Its current Enterprise Value per Revenue stands at 0.416 whereas that against EBITDA is -36.284.
Stock Price History:
The Beta on a monthly basis for ASTL is 1.50, which has changed by -0.118843675 over the last 52 weeks, in comparison to a change of 0.22263205 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 $6.67. The 50-Day Moving Average of the stock is -20.01%, while the 200-Day Moving Average is calculated to be -9.29%.
Shares Statistics:
For the past three months, ASTL has traded an average of 570.84K shares per day and 716560 over the past ten days. A total of 104.42M shares are outstanding, with a floating share count of 95.15M. Insiders hold about 8.88% of the company’s shares, while institutions hold 78.31% stake in the company. Shares short for ASTL as of 1734048000 were 4205965 with a Short Ratio of 7.33, compared to 1731628800 on 4749972. Therefore, it implies a Short% of Shares Outstanding of 4205965 and a Short% of Float of 5.43.
Dividends & Splits
According to the company, the forward annual dividend rate for ASTL is 0.20, from 0.236 in the trailing year. Against a Trailing Annual Dividend Yield of 0.028331334
