Algoma Steel Group Inc. (NASDAQ: ASTL) on May 23, 2023, started off the session at the price of $7.52, plunging -1.46% from the previous trading day. During the day, the shares moved up to $7.52 and dropped to $7.37 before settling in for the closing price of $7.53. Within the past 52 weeks, ASTL’s price has moved between $5.64 and $10.06.
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The company achieved an average annual earnings per share of 953.70%. With a float of $94.19 million, this company’s outstanding shares have now reached $103.57 million.
The extent of productivity of a business whose workforce counts for 2734 workers is very important to gauge. 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 and Institutional Ownership
Observing investor behavior towards Steel industry stocks is more important than anything else. The insider ownership of Algoma Steel Group Inc. is 10.83%, while institutional ownership is 65.80%.
Algoma Steel Group Inc. (ASTL) Latest Financial update
As on 12/30/2022, Multinational firm has announced its last quarter scores, in which it reported -$0.64 earnings per share (EPS) for the period falling under the consensus outlook (set at -$0.46) by -$0.18. 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 1.05 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
Algoma Steel Group Inc. (ASTL) is currently performing well based on its current performance indicators. A quick ratio of 1.50 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.34. Likewise, its price to free cash flow for the trailing twelve months is 18.40.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 3.56, a number that is poised to hit -0.03 in the next quarter and is forecasted to reach 1.79 in one year’s time.
Technical Analysis of Algoma Steel Group Inc. (ASTL)
The latest stats from [Algoma Steel Group Inc., ASTL] show that its last 5-days average volume of 0.67 million was inferior to 1.06 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 57.26%. Additionally, its Average True Range was 0.23.
During the past 100 days, Algoma Steel Group Inc.’s (ASTL) raw stochastic average was set at 47.88%, which indicates a significant decrease from 58.29% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 20.36% in the past 14 days, which was lower than the 42.28% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $7.53, while its 200-day Moving Average is $7.49. Now, the first resistance to watch is $7.50. This is followed by the second major resistance level at $7.59. The third major resistance level sits at $7.65. If the price goes on to break the first support level at $7.35, it is likely to go to the next support level at $7.29. The third support level lies at $7.20 if the price breaches the second support level.
Algoma Steel Group Inc. (NASDAQ: ASTL) Key Stats
Market capitalization of the company is 756.17 million based on 103,568K outstanding shares. Right now, sales total 3,036 M and income totals 684,270 K. The company made 418,640 K in profit during its latest quarter, and -51,460 K in sales during its previous quarter.
