In the quest to outshine the broader market, stock pickers diligently seek out stocks with the potential for superior performance. Making the right choices can significantly elevate your wealth.
After finishing at $7.71 in the prior trading day, Algoma Steel Group Inc (NASDAQ: ASTL) closed at $7.78, up 0.91%. In other words, the price has increased by $0.91 from its previous closing price. On the day, 0.57 million shares were traded. ASTL stock price reached its highest trading level at $7.95 during the session, while it also had its lowest trading level at $7.52.
Ratios:
Our goal is to gain a better understanding of ASTL by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.98 and its Current Ratio is at 2.88. In the meantime, Its Debt-to-Equity ratio is 0.10 whereas as Long-Term Debt/Eq ratio is at 0.09.
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 809415680 and an Enterprise Value of 870719488. As of this moment, Algoma’s Price-to-Earnings (P/E) ratio for their current fiscal year is 84.66. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.38 while its Price-to-Book (P/B) ratio in mrq is 0.74. Its current Enterprise Value per Revenue stands at 0.305 whereas that against EBITDA is 3.361.
Stock Price History:
Over the past 52 weeks, ASTL has reached a high of $10.25, while it has fallen to a 52-week low of $6.34. The 50-Day Moving Average of the stock is -3.70%, while the 200-Day Moving Average is calculated to be -0.51%.
Shares Statistics:
The stock has traded on average 579.31K shares per day over the past 3-months and 416450 shares per day over the last 10 days, according to various share statistics. A total of 103.57M shares are outstanding, with a floating share count of 94.49M. Insiders hold about 9.18% of the company’s shares, while institutions hold 69.80% stake in the company. Shares short for ASTL as of 1713139200 were 3492861 with a Short Ratio of 6.03, compared to 1710460800 on 3550665. Therefore, it implies a Short% of Shares Outstanding of 3492861 and a Short% of Float of 4.5300003.
Dividends & Splits
In the trailing 12 months, ASTL’s forward annual dividend rate was 0.266, compared to 0.20 this year. Against a Trailing Annual Dividend Yield of 0.034500647
Earnings Estimates
Investors are eagerly awaiting the insights provided by 2.0 analysts currently analyzing and rating the stock of Algoma Steel Group Inc (ASTL).On average, analysts expect EPS of -$0.01 for the current quarter, with a high estimate of -$0.01 and a low estimate of -$0.02, while EPS last year was -$0.19. The consensus estimate for the next quarter is $0, with high estimates of $0 and low estimates of $0.
Analysts are recommending an EPS of between $0.49 and $0.29 for the fiscal current year, implying an average EPS of $0.39. EPS for the following year is $1.44, with 2.0 analysts recommending between $1.68 and $1.2.
Revenue Estimates
3 analysts predict $575M in revenue for the current quarter. It ranges from a high estimate of $624M to a low estimate of $531M. As of the current estimate, Algoma Steel Group Inc’s year-ago sales were $677.4MFor the next quarter, 3 analysts are estimating revenue of $700M. There is a high estimate of $700M for the next quarter, whereas the lowest estimate is $700M.
A total of 4 analysts have provided revenue estimates for ASTL’s current fiscal year. The highest revenue estimate was $2.8B, while the lowest revenue estimate was $2.71B, resulting in an average revenue estimate of $2.76B. In the same quarter a year ago, actual revenue was $2.78BBased on 4 analysts’ estimates, the company’s revenue will be $2.71B in the next fiscal year. The high estimate is $2.91B and the low estimate is $2.54B.
