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.
After finishing at $9.70 in the prior trading day, Algoma Steel Group Inc (NASDAQ: ASTL) closed at $8.94, down -7.84%. In other words, the price has decreased by -$7.84 from its previous closing price. On the day, 2.56 million shares were traded. ASTL stock price reached its highest trading level at $9.3699 during the session, while it also had its lowest trading level at $8.89.
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 1.66 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:
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 937251648 and an Enterprise Value of 1108242304. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.51 while its Price-to-Book (P/B) ratio in mrq is 0.89. Its current Enterprise Value per Revenue stands at 0.446 whereas that against EBITDA is -38.886.
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 $6.67. The 50-Day Moving Average of the stock is -14.05%, while the 200-Day Moving Average is calculated to be -1.36%.
Shares Statistics:
The stock has traded on average 517.08K shares per day over the past 3-months and 605860 shares per day over the last 10 days, according to various share statistics. A total of 104.42M shares are outstanding, with a floating share count of 93.60M. Insiders hold about 10.36% 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 8.13, 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
In the trailing 12 months, ASTL’s forward annual dividend rate was 0.236, compared to 0.20 this year. Against a Trailing Annual Dividend Yield of 0.024329897
