At the time of writing, Algoma Steel Group Inc [ASTL] stock is trading at $5.34, up 4.40%. An important factor to consider is whether the stock is rising or falling in short-term value. The ASTL shares have gain 1.71% over the last week, with a monthly amount drifted -1.84%, 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.
For the past year, the stock price of Algoma Steel Group Inc fluctuated between $4.17 and $12.14. Algoma Steel Group Inc [NASDAQ: ASTL] shares were valued at $5.34 at the most recent close of the market.
Analyzing the ASTL fundamentals
According to Algoma Steel Group Inc [NASDAQ:ASTL], the company’s sales were 1.70B for trailing twelve months, which represents an -20.80% plunge. Gross Profit Margin for this corporation currently stands at -0.09% with Operating Profit Margin at -0.15%, Pretax Profit Margin comes in at -0.11%, and Net Profit Margin reading is -0.08%. To continue investigating profitability, this company’s Return on Assets is posted at -0.06, Equity is -0.13 and Total Capital is -0.14. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.45.
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 5.14 points at the first support level, and at 4.93 for the second support level. However, for the 1st resistance point, the stock is sitting at 5.48, and for the 2nd resistance point, it is at 5.62.
Ratios To Look Out For
It is important to note that Algoma Steel Group Inc [NASDAQ:ASTL] has a current ratio of 3.10. On the other hand, the Quick Ratio is 1.47, and the Cash Ratio is 0.53. Considering the valuation of this stock, the price to sales ratio is 0.33, the price to book ratio is 0.54.
Transactions by insiders
Recent insider trading involved Sgro David, Director, that happened on Sep 16 ’24 when 0.2 million shares were purchased.
