Algoma Steel Group Inc [ASTL] stock is trading at $10.55, up 7.87%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The ASTL shares have gain 7.98% over the last week, with a monthly amount glided 2.33%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Algoma Steel Group Inc [NASDAQ: ASTL] stock has seen the most recent analyst activity on January 18, 2023, when Stifel upgraded its rating to a Buy. On December 07, 2021, BMO Capital Markets initiated with a Outperform rating.
Algoma Steel Group Inc [ASTL] stock has fluctuated between $6.67 and $10.71 over the past year. Algoma Steel Group Inc [NASDAQ: ASTL] shares were valued at $10.55 at the most recent close of the market.
Analyzing the ASTL fundamentals
Algoma Steel Group Inc [NASDAQ:ASTL] reported sales of 1.93B for the trailing twelve months, which represents a drop of -22.81%. Gross Profit Margin for this corporation currently stands at 0.04% with Operating Profit Margin at -0.0%, Pretax Profit Margin comes in at -0.01%, and Net Profit Margin reading is -0.01%. To continue investigating profitability, this company’s Return on Assets is posted at -0.01, Equity is -0.01 and Total Capital is -0.0. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.4.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 9.96 points at the first support level, and at 9.37 for the second support level. However, for the 1st resistance point, the stock is sitting at 10.92, and for the 2nd resistance point, it is at 11.29.
Ratios To Look Out For
For context, Algoma Steel Group Inc’s Current Ratio is 4.19. As well, the Quick Ratio is 2.15, while the Cash Ratio is 1.27. Considering the valuation of this stock, the price to sales ratio is 0.57, the price to book ratio is 0.97.
Transactions by insiders
Recent insider trading involved Sgro David, Director, that happened on Sep 16 ’24 when 0.2 million shares were purchased.
