Algoma Steel Group Inc: Buy, Hold, or Sell? Analysts Weigh In Amid Market Challenges

Algoma Steel Group Inc’s stock has seen a rocky market performance. The company’s stock achieved a 1-year high of $10.25 on 12/27/23, and the lowest price during that time was $6.34, recorded on 10/06/23.

52-week price history of ASTL Stock

A stock’s 52-week high and low prices can reveal a great deal about its present condition and potential future performance. Algoma Steel Group Inc’s current trading price is -22.54% away from its 52-week high, while its distance from the 52-week low is 25.14%. The stock’s price range during this period has fluctuated between $6.34 and $10.25. Shares of the company, which operates in the Basic Materials sector, recorded a trading volume of around 1.4 million for the day, which was evidently higher than the average daily volume of 0.68 million over the last three months.

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Financial Performance and Market Capitalization

Algoma Steel Group Inc (ASTL) has experienced a quarterly rise of 11.36% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 822.35M and boasts a workforce of 2847 employees.

Moving average and trading volume data

Based on Barchart.com data, the company’s moving average over the 100-day period was 7.96, with a change in price of +1.02. Similarly, Algoma Steel Group Inc recorded 608,234 in trading volume during the last 100 days, posting a change of +14.74%.

ASTL Debt-to-equity ratio analysis

The debt-to-equity (D/E) ratio is a valuable metric that offers insight into a company’s financial health and standing in the market. This ratio is calculated by dividing a company’s current total liabilities by its shareholders’ equity. The D/E ratio illustrates the extent of debt a company is utilizing to support its assets in relation to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for ASTL stands at 0.10. Similarly, the long-term debt-to-equity ratio is also 0.09.

ASTL Stock Stochastic Average

Algoma Steel Group Inc’s raw stochastic average for the past 50 days is currently at 6.48%. This represents a fall from the raw stochastic average of the last 20 days, which was recorded at 9.25%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 16.81% and 15.88%, respectively.

ASTL Stock Price Performance Analysis

Investors’ outlook regarding the stock price performance over the year has been a mixed bag, with a range of optimism to pessimism depending on their perspective. Until today this year the stock’s price performance recorded a decrease of -20.84%. However, over the last six months, the performance has been weaker by 16.25%. The price of ASTL decreased -16.07% over the last 30 days. And in the last five days, it has fallen by -5.59%.

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