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After finishing at $6.01 in the prior trading day, Algoma Steel Group Inc (NASDAQ: ASTL) closed at $6.23, up 3.57%. In other words, the price has increased by $3.57 from its previous closing price. On the day, 1.1 million shares were traded. ASTL stock price reached its highest trading level at $6.23 during the session, while it also had its lowest trading level at $5.91.
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 1.47 and its Current Ratio is at 3.10. In the meantime, Its Debt-to-Equity ratio is 0.44 whereas as Long-Term Debt/Eq ratio is at 0.42.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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 656087552 and an Enterprise Value of 1081737600. 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 0.63. Its current Enterprise Value per Revenue stands at 0.46 whereas that against EBITDA is -3.409.
Stock Price History:
The Beta on a monthly basis for ASTL is 1.63, which has changed by -0.26963657 over the last 52 weeks, in comparison to a change of 0.16932249 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 -0.94%, while the 200-Day Moving Average is calculated to be -19.10%.
Shares Statistics:
The stock has traded on average 974.29K shares per day over the past 3-months and 941080 shares per day over the last 10 days, according to various share statistics. A total of 104.93M shares are outstanding, with a floating share count of 90.32M. Insiders hold about 13.92% of the company’s shares, while institutions hold 78.04% stake in the company. Shares short for ASTL as of 1752537600 were 4430400 with a Short Ratio of 4.55, compared to 1749772800 on 4241967. Therefore, it implies a Short% of Shares Outstanding of 4430400 and a Short% of Float of 5.6799997.
Dividends & Splits
In the trailing 12 months, ASTL’s forward annual dividend rate was 0.292, compared to 0.20 this year. Against a Trailing Annual Dividend Yield of 0.048545305
Earnings Estimates
The dynamic stock of Algoma Steel Group Inc (ASTL) is currently attracting attention from 3 analysts actively involved in rating its market status.The consensus estimate for the next quarter is -$0.63, with high estimates of -$0.58 and low estimates of -$0.68.
Analysts are recommending an EPS of between -$1.92 and -$2.83 for the fiscal current year, implying an average EPS of -$2.22. EPS for the following year is $0.15, with 4.0 analysts recommending between $1.19 and -$1.64.
Revenue Estimates
For the next quarter, 3 analysts are estimating revenue of $484.4M. There is a high estimate of $484.4M for the next quarter, whereas the lowest estimate is $484.4M.
A total of 4 analysts have provided revenue estimates for ASTL’s current fiscal year. The highest revenue estimate was $2.4B, while the lowest revenue estimate was $2.1B, resulting in an average revenue estimate of $2.26B. In the same quarter a year ago, actual revenue was $2.46BBased on 4 analysts’ estimates, the company’s revenue will be $2.94B in the next fiscal year. The high estimate is $3.14B and the low estimate is $2.79B.
