Algoma Steel Group Inc (NASDAQ:ASTL) does about 1.11M shares in volume on a normal day but saw 1643326 shares change hands in the recent trading day. The company now has a market cap of 616.99M USD. Its current market price is $5.88, marking an increase of 10.94% compared to the previous close of $5.30. The 52 week high reached by this stock is $12.14 whilst the lowest price level in 52 weeks is $4.17.
FactSet Research has provided data showing that 1 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 0 advise that it is a overweight. 1 analysts have rated it as a buy and 0 have advised that investors hold their positions. The consensus recommendation rating is Buy.
The current price level is 5.69%, 11.14%, and -28.80% away from its SMA20, SMA50, and SMA200 respectively, with the ASTL price moving below the 50-day SMA on current market day. Algoma Steel Group Inc (ASTL) stock is up 11.57% over the week and 11.57% over the past month. Its price is -39.88% year-to-date and -20.75% over the past year.
The company’s next earnings report forecasts estimating quarterly EPS at -0.52 and -2.08 for whole year. Expected sales for next quarter are $541.9M, which analysts say will come at $2.36B for the current fiscal year and next year at $2.95B. In addition, estimates put the company’s current quarterly revenue at an average of $591.25M.
Outstanding shares total 104.93M with insiders holding 12.71% of the shares and institutional holders owning 75.47% of the company’s common stock. The company has a return on investment of -9.43% and return on equity of -12.92%. The beta has a value of 1.56. Price to book ratio is 0.60 and price to sales ratio is 0.36.
