A share price of Algoma Steel Group Inc [ASTL] is currently trading at $6.33, down -3.36%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The ASTL shares have gain 15.09% over the last week, with a monthly amount drifted -22.04%, and not seem to be holding up well over a long-time horizon.
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 experienced fluctuations in its stock price throughout the past year between $5.20 and $12.14. Algoma Steel Group Inc [NASDAQ: ASTL] shares were valued at $6.33 at the most recent close of the market.
Analyzing the ASTL fundamentals
Trailing Twelve Months sales for Algoma Steel Group Inc [NASDAQ:ASTL] were 1.83B which represents -19.42% decline. Gross Profit Margin for this corporation currently stands at 0.0% with Operating Profit Margin at -0.05%, Pretax Profit Margin comes in at -0.08%, and Net Profit Margin reading is -0.06%. To continue investigating profitability, this company’s Return on Assets is posted at -0.05, Equity is -0.11 and Total Capital is -0.05. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.44.
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 6.13 points at the first support level, and at 5.93 for the second support level. However, for the 1st resistance point, the stock is sitting at 6.60, and for the 2nd resistance point, it is at 6.87.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Algoma Steel Group Inc [NASDAQ:ASTL] is 3.31. Further, the Quick Ratio stands at 1.66, while the Cash Ratio is 0.94. Considering the valuation of this stock, the price to sales ratio is 0.36, the price to book ratio is 0.63.
Transactions by insiders
Recent insider trading involved Sgro David, Director, that happened on Sep 16 ’24 when 0.2 million shares were purchased.
