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.
After finishing at $5.27 in the prior trading day, Algoma Steel Group Inc (NASDAQ: ASTL) closed at $4.94, down -6.26%. In other words, the price has decreased by -$6.26 from its previous closing price. On the day, 2.13 million shares were traded.
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:
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 0.50.
Stock Price History:
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 -7.62%, while the 200-Day Moving Average is calculated to be -40.80%.
Shares Statistics:
A total of 104.93M shares are outstanding, with a floating share count of 90.31M. Insiders hold about 13.94% of the company’s shares, while institutions hold 77.83% stake in the company.
