Algoma Steel Group Inc (NASDAQ: ASTL)’s stock price has plunge by -2.15relation to previous closing price of 9.07. Nevertheless, the company has seen a -1.50% plunge in its stock price over the last five trading sessions. globenewswire.com reported 2024-08-13 that First Quarter Results In-Line with Previously Announced Outlook Completed Plate Mill Upgrade, Ramping Production Towards Expected Annual Run Rate Capacity of Over 650,000 NT Continued to Significantly De-risk Transformative Electric Arc Furnace Project as Construction Continues on Schedule Announces Intention to Relaunch Normal Course Issuer Bid SAULT STE. MARIE, Ontario, Aug. 13, 2024 (GLOBE NEWSWIRE) — Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or “the Company”), a leading Canadian producer of hot and cold rolled steel sheet and plate products, today announced results for its fiscal first quarter ended June 30, 2024.
Is It Worth Investing in Algoma Steel Group Inc (NASDAQ: ASTL) Right Now?
Additionally, the 36-month beta value for ASTL is 1.47. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The public float for ASTL is 89.32M and currently, short sellers hold a 3.40% ratio of that float. The average trading volume of ASTL on August 14, 2024 was 524.13K shares.
ASTL’s Market Performance
ASTL’s stock has seen a -1.50% decrease for the week, with a 4.41% rise in the past month and a 15.11% gain in the past quarter. The volatility ratio for the week is 5.22%, and the volatility levels for the past 30 days are at 4.57% for Algoma Steel Group Inc The simple moving average for the past 20 days is -0.05% for ASTL’s stock, with a 9.01% simple moving average for the past 200 days.
ASTL Trading at 12.16% 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 -13.41% of loss for the given period.
Volatility was left at 4.57%, however, over the last 30 days, the volatility rate increased by 5.22%, as shares surge +3.45% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +15.77% upper at present.
During the last 5 trading sessions, ASTL fell by -1.83%, which changed the moving average for the period of 200-days by +28.00% in comparison to the 20-day moving average, which settled at $8.89. In addition, Algoma Steel Group Inc saw -11.52% 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:
- 0.06 for the present operating margin
- 0.1 for the gross margin
The net margin for Algoma Steel Group Inc stands at 0.04. The total capital return value is set at 0.07. Equity return is now at value -1.21, with -0.65 for asset returns.
Based on Algoma Steel Group Inc (ASTL), the company’s capital structure generated 0.09 points at debt to capital in total, while cash flow to debt ratio is standing at 1.9. The debt to equity ratio resting at 0.1. The interest coverage ratio of the stock is 3.9.
Currently, EBITDA for the company is 282.3 million with net debt to EBITDA at 0.19. When we switch over and look at the enterprise to sales, we see a ratio of 0.47. The receivables turnover for the company is 10.48for trailing twelve months and the total asset turnover is 1.04. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.19.
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 is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
