Algoma Steel Group Inc [NASDAQ: ASTL] gained 2.80% or 0.1 points to close at $3.67 with a heavy trading volume of 6361507 shares.
It opened the trading session at $3.65, the shares rose to $3.92 and dropped to $3.49, the range by which the price of stock traded the whole day. The daily chart for ASTL points out that the company has recorded -22.74% loss over the past six months.
If we look at the average trading volume of 1.29M shares, ASTL reached to a volume of 6361507 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Algoma Steel Group Inc [ASTL]:
Stifel have made an estimate for Algoma Steel Group Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on January 18, 2023. While these analysts kept the previous recommendation, Stifel raised their target price to Hold. The new note on the price target was released on June 30, 2022, representing the official price target for Algoma Steel Group Inc stock.
The Price to Book ratio for the last quarter was 0.41, with the Price to Cash per share for the same quarter was set at 0.58.
Trading performance analysis for ASTL stock
Algoma Steel Group Inc [ASTL] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 3.23. With this latest performance, ASTL shares dropped by -26.31% in over the last four-week period, additionally sinking by -22.74% over the last 6 months – not to mention a drop of -62.47% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for ASTL stock in for the last two-week period is set at 37.26, with the RSI for the last a single of trading hit 0.31, and the three-weeks RSI is set at 0.28 for Algoma Steel Group Inc [ASTL]. The present Moving Average for the last 50 days of trading for this stock 4.56, while it was recorded at 3.43 for the last single week of trading, and 6.20 for the last 200 days.
Algoma Steel Group Inc [ASTL]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Algoma Steel Group Inc [ASTL] shares currently have an operating margin of -18.95% and a Gross Margin at -13.05%. Algoma Steel Group Inc’s Net Margin is presently recorded at -13.51%.
Algoma Steel Group Inc (ASTL) Capital Structure & Debt Analysis
According to recent financial data for Algoma Steel Group Inc. ( ASTL), the Return on Equity (ROE) stands at -21.46%, highlighting a negative impact on investor capital. The Return on Assets (ROA) is -10.03%, reflecting the company’s efficiency in generating profits from its assets. Additionally, Algoma Steel Group Inc’s Return on Invested Capital (ROIC) is -16.00%, showcasing its effectiveness in deploying capital for earnings.
Algoma Steel Group Inc (ASTL) Efficiency & Liquidity Metrics
Based on Algoma Steel Group Inc’s (ASTL) latest financial statements, the Debt-to-Equity Ratio is 0.50%, indicating its reliance on debt financing relative to shareholder equity.
Algoma Steel Group Inc (ASTL) Efficiency & Liquidity Metrics
From an operational efficiency perspective, Algoma Steel Group Inc. (ASTL) effectively leverages its workforce, generating an average of -$79027.68 per employee. The company’s liquidity position is robust, with a Current Ratio of 2.46% and a Quick Ratio of 0.98%, indicating strong ability to cover short-term liabilities.
Algoma Steel Group Inc [ASTL]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Algoma Steel Group Inc posted -0.48/share EPS, while the average EPS was predicted by analysts to be reported at -0.25/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -0.22. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for ASTL.
An analysis of Institutional ownership at Algoma Steel Group Inc [ASTL]
There are presently around $79.79%, or 85.89%% of ASTL stock, in the hands of institutional investors. The top three institutional holders of ASTL stocks are: DONALD SMITH & CO., INC. with ownership of 8.85 million shares, which is approximately 10.3521%. MMCAP INTERNATIONAL INC. SPC, holding 8.19 million shares of the stock with an approximate value of $$56.98 million in ASTL stocks shares; and MMCAP INTERNATIONAL INC. SPC, currently with $$42.4 million in ASTL stock with ownership which is approximately 7.1281%.
