The 36-month beta value for ASTL is at 1.51. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for ASTL is 93.01M, and currently, shorts hold a 4.04% of that float. The average trading volume for ASTL on September 20, 2024 was 701.43K shares.
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ASTL) stock’s latest price update
The stock price of Algoma Steel Group Inc (NASDAQ: ASTL) has jumped by 0.15 compared to previous close of 9.94. Despite this, the company has seen a fall of -0.75% in its stock price over the last five trading days. globenewswire.com reported 2024-09-03 that SAULT STE. MARIE, Ontario, Sept. 03, 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 that the Company will be participating in the Jefferies 2024 Industrials Conference on Wednesday, September 4 and Thursday, September 5, 2024. Prior to Algoma’s attendance at this conference, the Company will post a copy of the presentation it will use in the Investors section of its website on ir.algoma.com.
ASTL’s Market Performance
Algoma Steel Group Inc (ASTL) has experienced a -0.75% fall in stock performance for the past week, with a 4.68% rise in the past month, and a 39.62% rise in the past quarter. The volatility ratio for the week is 2.95%, and the volatility levels for the past 30 days are at 3.23% for ASTL. The simple moving average for the last 20 days is -1.73% for ASTL’s stock, with a simple moving average of 17.74% for the last 200 days.
ASTL Trading at 6.59% 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 -7.05% of loss for the given period.
Volatility was left at 3.23%, however, over the last 30 days, the volatility rate increased by 2.95%, as shares surge +2.31% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +41.41% upper at present.
During the last 5 trading sessions, ASTL fell by -0.75%, which changed the moving average for the period of 200-days by +15.35% in comparison to the 20-day moving average, which settled at $10.14. In addition, Algoma Steel Group Inc saw -0.75% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at ASTL starting from Sgro David, who proposed sale 200,000 shares at the price of $10.21 back on Sep 16 ’24. After this action, Sgro David now owns shares of Algoma Steel Group Inc, valued at $2,042,000 using the latest closing price.
Stock Fundamentals for ASTL
Current profitability levels for the company are sitting at:
- -0.0 for the present operating margin
- 0.04 for the gross margin
The net margin for Algoma Steel Group Inc stands at -0.01. The total capital return value is set at -0.0. 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 0.29 points at debt to capital in total, while cash flow to debt ratio is standing at 0.23. The debt to equity ratio resting at 0.4. The interest coverage ratio of the stock is -0.24.
Currently, EBITDA for the company is 282.3 million with net debt to EBITDA at 1.1. When we switch over and look at the enterprise to sales, we see a ratio of 0.58. The receivables turnover for the company is 9.06for trailing twelve months and the total asset turnover is 0.84. 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 had a mixed performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
