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Algoma Steel Group Inc. (ASTL) and the Battle of Fundamentals vs. Technicals

Algoma Steel Group Inc. (NASDAQ:ASTL) went down by -1.33% from its latest closing price compared to the recent 1-year high of $13.65. The company’s stock price has collected -5.52% of loss in the last five trading sessions.

Is It Worth Investing in Algoma Steel Group Inc. (NASDAQ :ASTL) Right Now?

Algoma Steel Group Inc. (NASDAQ:ASTL) scored a price-to-earnings ratio above its average ratio, recording 1.60 x from its present earnings ratio. Opinions of the stock are interesting as 3 analysts out of 5 who provided ratings for Algoma Steel Group Inc. declared the stock was a “buy,” while 1 rated the stock as “overweight,” 1 rated it as “hold,” and 0 as “sell.”

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The average price from analysts is $18.10. ASTL currently public float of 135.68M and currently shorts hold a 2.29% ratio of that float. Today, the average trading volume of ASTL was 1.90M shares.

ASTL’s Market Performance

ASTL stocks went down by -5.52% for the week, with a monthly jump of 0.34% and a quarterly performance of -6.51%, while its annual performance rate touched -13.34%. The volatility ratio for the week stands at 3.66% while the volatility levels for the past 30 days are set at 2.90% for Algoma Steel Group Inc. The simple moving average for the period of the last 20 days is -3.70% for ASTL stocks with a simple moving average of -10.59% for the last 200 days.

ASTL Trading at -3.47% from the 50-Day Moving Average

After a stumble in the market that brought ASTL to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -34.80% of loss for the given period.

Volatility was left at 2.90%, however, over the last 30 days, the volatility rate increased by 3.66%, as shares sank -1.44% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +0.11% upper at present.

During the last 5 trading sessions, ASTL fell by -5.52%, in comparison to the 20-day moving average, which settled at $9.23. In addition, Algoma Steel Group Inc. saw -17.67% in overturn over a single year, with a tendency to cut further losses.

Stock Fundamentals for ASTL

Current profitability levels for the company are sitting at:

  • +37.07 for the present operating margin
  • +39.77 for the gross margin

The net margin for Algoma Steel Group Inc. stands at +22.54. Equity return is now at value 96.90, with 37.70 for asset returns.

The liquidity ratio also appears to be rather interesting for investors as it stands at 3.57.

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