In the past week, ASTL stock has gone down by -6.79%, with a monthly decline of -3.69% and a quarterly surge of 27.11%. The volatility ratio for the week is 4.20%, and the volatility levels for the last 30 days are 4.93% for Algoma Steel Group Inc. The simple moving average for the last 20 days is -2.91% for ASTL stock, with a simple moving average of -0.90% for the last 200 days.
Is It Worth Investing in Algoma Steel Group Inc. (NASDAQ: ASTL) Right Now?
Algoma Steel Group Inc. (NASDAQ: ASTL) has a price-to-earnings ratio of 2.33x that is above its average ratio. There are mixed opinions on the stock, with 2 analysts rating it as a “buy,” 1 rating it as “overweight,” 2 rating it as “hold,” and 0 rating it as “sell.”
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The average price predicted by analysts for ASTL is $13.50, which is $5.67 above the current price. The public float for ASTL is 94.19M and currently, short sellers hold a 6.90% ratio of that float. The average trading volume of ASTL on March 15, 2023 was 1.35M shares.
ASTL) stock’s latest price update
Algoma Steel Group Inc. (NASDAQ: ASTL)’s stock price has decreased by -3.45 compared to its previous closing price of 8.11. Despite this, the company has experienced a -6.79% fall in its stock price over the last five trading sessions.
In the past week, ASTL stock has gone down by -6.79%, with a monthly decline of -3.69% and a quarterly surge of 27.11%. The volatility ratio for the week is 4.20%, and the volatility levels for the last 30 days are 4.93% for Algoma Steel Group Inc. The simple moving average for the last 20 days is -2.91% for ASTL stock, with a simple moving average of -0.90% for the last 200 days.
ASTL Trading at 2.94% 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 -37.36% of loss for the given period.
Volatility was left at 4.93%, however, over the last 30 days, the volatility rate increased by 4.20%, as shares sank -5.29% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +23.84% upper at present.
During the last 5 trading sessions, ASTL fell by -6.53%, which changed the moving average for the period of 200-days by -17.79% in comparison to the 20-day moving average, which settled at $8.04. In addition, Algoma Steel Group Inc. saw 23.50% in overturn over a single year, with a tendency to cut further gains.
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 37.60, with 20.40 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 3.57.
Conclusion
In conclusion, Algoma Steel Group Inc. (ASTL) has seen mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
