Those aspiring to outpace the market meticulously engage in the process of selecting individual stocks. Strategic choices can be instrumental in accelerating your wealth.
The closing price of Algoma Steel Group Inc (NASDAQ: ASTL) was $6.89 for the day, up 3.30% from the previous closing price of $6.67. In other words, the price has increased by $3.30 from its previous closing price. On the day, 1.02 million shares were traded. ASTL stock price reached its highest trading level at $6.98 during the session, while it also had its lowest trading level at $6.52.
Ratios:
Our analysis of ASTL’s different ratios will help us gain a deeper understanding of the company. 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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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 722995264 and an Enterprise Value of 1150993920. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.43 while its Price-to-Book (P/B) ratio in mrq is 0.70. Its current Enterprise Value per Revenue stands at 0.49 whereas that against EBITDA is -3.627.
Stock Price History:
The Beta on a monthly basis for ASTL is 1.63, which has changed by -0.0043352842 over the last 52 weeks, in comparison to a change of 0.12632763 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 19.61%, while the 200-Day Moving Average is calculated to be -13.80%.
Shares Statistics:
ASTL traded an average of 1.08M shares per day over the past three months and 1382620 shares per day over the past ten days. 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 77.87% stake in the company. Shares short for ASTL as of 1749772800 were 4241967 with a Short Ratio of 3.94, compared to 1747267200 on 3673637. Therefore, it implies a Short% of Shares Outstanding of 4241967 and a Short% of Float of 5.4399999999999995.
Dividends & Splits
With its trailing 12-month dividend rate of 0.292, ASTL has a forward annual dividend rate of 0.25. Against a Trailing Annual Dividend Yield of 0.04377811
