The stock of Algoma Steel Group Inc (ASTL) has gone up by 15.79% for the week, with a 19.97% rise in the past month and a 32.28% rise in the past quarter. The volatility ratio for the week is 4.11%, and the volatility levels for the past 30 days are 3.14% for ASTL. The simple moving average for the past 20 days is 16.78% for ASTL’s stock, with a 38.68% simple moving average for the past 200 days.
Is It Worth Investing in Algoma Steel Group Inc (NASDAQ: ASTL) Right Now?
Moreover, the 36-month beta value for ASTL is 1.50. Analysts have varying opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for ASTL is 93.30M and currently, short sellers hold a 4.39% of that float. On November 07, 2024, ASTL’s average trading volume was 638.88K shares.
ASTL) stock’s latest price update
The stock of Algoma Steel Group Inc (NASDAQ: ASTL) has increased by 6.15 when compared to last closing price of 11.29.Despite this, the company has seen a gain of 15.79% in its stock price over the last five trading days. globenewswire.com reported 2024-11-06 that Second Quarter Results In-Line with Previously Announced Expectations Transformative Electric Arc Furnace (EAF) Commissioning Activities Expected to Start on Schedule During the Fourth Quarter of Calendar 2024; Substantially all of Expected Project Budget Now Fully Contracted Change in Fiscal Year end from March 31 to December 31, beginning December 31, 2024 SAULT STE. MARIE, Ontario, Nov. 06, 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 second quarter ended September 30, 2024.
ASTL Trading at 17.67% 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 able to rebound, for now settling with 5.04% of gains for the given period.
Volatility was left at 3.14%, however, over the last 30 days, the volatility rate increased by 4.11%, as shares surge +20.60% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +20.48% upper at present.
During the last 5 trading sessions, ASTL rose by +15.94%, which changed the moving average for the period of 200-days by +42.18% in comparison to the 20-day moving average, which settled at $10.26. In addition, Algoma Steel Group Inc saw 19.49% in overturn over a single year, with a tendency to cut further gains.
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 0.71. 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
To wrap up, the performance of Algoma Steel Group Inc (ASTL) has been better in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
