Algoma Steel Group Inc (NASDAQ:ASTL) does about 475.36K shares in volume on a normal day but saw 930004 shares change hands in the recent trading day. The company now has a market cap of 919.20M USD. Its current market price is $8.83, marking a decrease of -3.39% compared to the previous close of $9.14. The 52 week high reached by this stock is $10.25 whilst the lowest price level in 52 weeks is $6.34.
Algoma Steel Group Inc (ASTL) has a 20-day trading average at $8.56 and the current price is -13.85% off the 52-week high compared with 39.16% distance from its 52-week low. The 50-day simple moving average of the closing price is $7.79 and its 200-day simple moving average is $8.08. If we look at the stock’s price movements over the week, volatility stands at 5.77%, which decreases to 4.30% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 58.66 to suggest the stock is neutral.
1 analysts have rated it as a buy and 0 have advised that investors hold their positions. The consensus recommendation rating is Buy.
Algoma Steel Group Inc (ASTL) stock is up 3.15% over the week and 24.19% over the past month. Its price is -11.96% year-to-date and 25.60% over the past year.
The company’s next earnings report forecasts estimating quarterly EPS at -0.04 and 0.2 for whole year. Expected sales for next quarter are $603.8M, which analysts say will come at $2.45B for the current fiscal year and next year at $2.75B. In addition, estimates put the company’s current quarterly revenue at an average of $605.17M.
Outstanding shares total 104.10M with insiders holding 9.88% of the shares and institutional holders owning 70.06% of the company’s common stock. The company has a return on investment of 6.52% and return on equity of 7.23%. The price to earnings ratio (P/E ratio) amounts to 32.56. The beta has a value of 1.39. Price to book ratio is 0.83 and price to sales ratio is 0.44.
