Algoma Steel Group Inc [ASTL] stock prices are up 6.38% to $12.01 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The ASTL shares have gain 16.04% over the last week, with a monthly amount glided 20.22%, and seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
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.
The stock price of Algoma Steel Group Inc [ASTL] has been fluctuating between $6.67 and $11.41 over the past year. Algoma Steel Group Inc [NASDAQ: ASTL] shares were valued at $12.01 at the most recent close of the market.
Analyzing the ASTL fundamentals
The Algoma Steel Group Inc [NASDAQ:ASTL] reported sales of 1.83B for trailing twelve months, representing a drop of -19.42%. 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 11.13 points at the first support level, and at 10.26 for the second support level. However, for the 1st resistance point, the stock is sitting at 12.51, and for the 2nd resistance point, it is at 13.02.
Ratios To Look Out For
It’s worth pointing out that Algoma Steel Group Inc [NASDAQ:ASTL]’s Current Ratio is 3.31. On the other hand, the Quick Ratio is 1.66, and the Cash Ratio is 1.27. Considering the valuation of this stock, the price to sales ratio is 0.95, the price to book ratio is 1.20.
Transactions by insiders
Recent insider trading involved Sgro David, Director, that happened on Sep 16 ’24 when 0.2 million shares were purchased.
