Investors aiming for above-average returns often turn to the practice of stock picking. Skillful choices in individual stocks can be a catalyst for substantial wealth growth.
As of close of business last night, Algoma Steel Group Inc’s stock clocked out at $4.8, down -0.62% from its previous closing price of $4.83. In other words, the price has decreased by -$0.62 from its previous closing price. On the day, 0.8 million shares were traded. ASTL stock price reached its highest trading level at $4.87 during the session, while it also had its lowest trading level at $4.695.
Ratios:
To gain a deeper understanding of ASTL’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.98 and its Current Ratio is at 2.46. In the meantime, Its Debt-to-Equity ratio is 0.50 whereas as Long-Term Debt/Eq ratio is at 0.47.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. 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 505180832 and an Enterprise Value of 1069182272. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.31 while its Price-to-Book (P/B) ratio in mrq is 0.53. Its current Enterprise Value per Revenue stands at 0.467 whereas that against EBITDA is -2.712.
Stock Price History:
The Beta on a monthly basis for ASTL is 1.61, which has changed by -0.5266272 over the last 52 weeks, in comparison to a change of 0.1716845 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 -17.09%, while the 200-Day Moving Average is calculated to be -31.09%.
Shares Statistics:
It appears that ASTL traded 1.12M shares on average per day over the past three months and 1077660 shares per day over the past ten days. A total of 104.93M shares are outstanding, with a floating share count of 94.26M. Insiders hold about 10.18% of the company’s shares, while institutions hold 83.52% stake in the company. Shares short for ASTL as of 1755216000 were 4229300 with a Short Ratio of 3.79, compared to 1752537600 on 4430400. Therefore, it implies a Short% of Shares Outstanding of 4229300 and a Short% of Float of 5.42.
Dividends & Splits
With its trailing 12-month dividend rate of 0.424, ASTL has a forward annual dividend rate of 0.15. Against a Trailing Annual Dividend Yield of 0.08778468
