4.32% volatility in Algoma Steel Group Inc. (ASTL) last month: This is a red flag warning

Algoma Steel Group Inc. (NASDAQ: ASTL) kicked off on January 24, 2023, at the price of $7.36, down -0.81% from the previous trading day. During the day, the shares moved up to $7.43 and dropped to $7.265 before settling in for the closing price of $7.44. Over the past 52 weeks, ASTL has traded in a range of $5.64-$12.50.

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While this was happening, its average annual earnings per share was recorded 953.70%. With a float of $95.74 million, this company’s outstanding shares have now reached $103.86 million.

In an organization with 2734 employees, it is important to assess its efficiency. In terms of profitability, gross margin is +39.77, operating margin of +37.07, and the pretax margin is +30.39.

Algoma Steel Group Inc. (ASTL) Insider Updates

Our next focus will be how large-scale investors are participating in this stock of the Steel Industry. The insider ownership of Algoma Steel Group Inc. is 10.64%, while institutional ownership is 65.80%.

Algoma Steel Group Inc. (ASTL) Performance Highlights and Predictions

In the latest quarterly report, which was put into the public domain on 6/29/2022, the organization reported $1.49 earnings per share (EPS), higher than consensus estimate (set at $1.47) by $0.02. This company achieved a net margin of +22.54 while generating a return on equity of 97.67. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.5 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 953.70% per share during the next fiscal year.

Algoma Steel Group Inc. (NASDAQ: ASTL) Trading Performance Indicators

Take a look at Algoma Steel Group Inc.’s (ASTL) current performance indicators. Last quarter, stock had a quick ratio of 1.80. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.28. Likewise, its price to free cash flow for the trailing twelve months is 1.45.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 4.89, a number that is poised to hit -0.47 in the next quarter and is forecasted to reach 1.19 in one year’s time.

Technical Analysis of Algoma Steel Group Inc. (ASTL)

Let’s dig in a bit further. During the last 5-days, its volume was 1.21 million. That was inferior than the volume of 1.31 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 98.45%. Additionally, its Average True Range was 0.29.

During the past 100 days, Algoma Steel Group Inc.’s (ASTL) raw stochastic average was set at 43.18%, which indicates a significant decrease from 96.37% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 47.83% in the past 14 days, which was lower than the 48.88% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $6.42, while its 200-day Moving Average is $8.17. However, in the short run, Algoma Steel Group Inc.’s stock first resistance to watch stands at $7.45. Second resistance stands at $7.52. The third major resistance level sits at $7.62. If the price goes on to break the first support level at $7.29, it is likely to go to the next support level at $7.19. Assuming the price breaks the second support level, the third support level stands at $7.12.

Algoma Steel Group Inc. (NASDAQ: ASTL) Key Stats

The company with the Market Capitalisation of 738.22 million has total of 103,568K Shares Outstanding. Its annual sales at the moment are 3,036 M in contrast with the sum of 684,270 K annual income. Company’s last quarter sales were recorded 459,110 K and last quarter income was 66,810 K.


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