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Algoma Steel Group Inc. (ASTL): Skating on Thin Ice? We Know the Answer

Algoma Steel Group Inc. (NASDAQ:ASTL) went up by 0.51% from its latest closing price compared to the recent 1-year high of $13.65. The company’s stock price has collected -8.00% 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 1.24 x from its present earnings ratio.

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ASTL currently public float of 94.19M and currently shorts hold a 4.45% ratio of that float. Today, the average trading volume of ASTL was 2.07M shares.

ASTL’s Market Performance

ASTL stocks went down by -8.00% for the week, with a monthly drop of -16.09% and a quarterly performance of -14.91%, while its annual performance rate touched -27.26%. The volatility ratio for the week stands at 3.28% while the volatility levels for the past 30 days are set at 3.60% for Algoma Steel Group Inc. The simple moving average for the period of the last 20 days is -12.96% for ASTL stocks with a simple moving average of -18.37% for the last 200 days.

ASTL Trading at -14.67% 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 -42.71% of loss for the given period.

Volatility was left at 3.60%, however, over the last 30 days, the volatility rate increased by 3.28%, as shares sank -20.12% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -13.40% lower at present.

During the last 5 trading sessions, ASTL fell by -8.00%, which changed the moving average for the period of 200-days by -20.04% in comparison to the 20-day moving average, which settled at $8.89. In addition, Algoma Steel Group Inc. saw -27.66% 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 83.60, with 36.50 for asset returns.

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

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