Algoma Steel Group Inc experienced a somewhat steady performance in the stock market. The company’s stock reached a 1-year high of $11.41 on 11/07/24, while the lowest price for the same period was registered at $6.67 on 06/21/24.
52-week price history of ASTL Stock
A stock’s 52-week high and low prices can reveal much about its current status and future trajectory. Algoma Steel Group Inc’s current trading price is 4.51% away from its 52-week high, while its distance from the 52-week low is 78.79%. The stock’s price range during this period has spanned from $6.67 to $11.41. In the Basic Materials sector, the Algoma Steel Group Inc’s shares surpassed a trading volume of approximately 1.22 million for the day, which was noticeably higher compared to the average daily volume of 9.0.64 million over the past three months.
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Market Capitalization and Financial Performance: An In-Depth Look
Algoma Steel Group Inc (ASTL) has experienced a quarterly rise of 31.62% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 1.73B and boasts a workforce of 2844 employees.
Making Sense of Trading Volume and Moving Average Data
Based on Barchart.com data, the company’s moving average over the 100-day period was 9.31, with a change in price of +4.62. Similarly, Algoma Steel Group Inc recorded 633,245 in trading volume during the last 100 days, posting a change of +62.70%.
Examining ASTL’s Debt-to-Equity Ratio: What You Need to Know
The debt-to-equity (D/E) ratio is a crucial measure that sheds light on a company’s financial health and market standing. It is determined by dividing a company’s overall liabilities by its shareholders’ equity, showing the extent of a company’s debt usage in financing its assets compared to the shareholders’ equity. At the time of writing, the total D/E ratio for ASTL stands at 0.40. Similarly, the long-term debt-to-equity ratio is also 0.39.
ASTL Stock Stochastic Average
Today, Algoma Steel Group Inc’s raw stochastic average for the past 50 days stands at 93.77%, indicating a rise from the raw stochastic average of the last 20 days, which was 93.77%. Moreover, the company’s Stochastic %K and %D values over the past 20 days were 91.12% and 86.74% respectively.
ASTL Stock Price Performance Analysis
The stock price performance for the year has been a mixed bag, indicating either a pessimistic or optimistic outlook depending on how you look at it. This year’s metric has recorded a Price increase of 18.89%. However, over the past six months, we’ve seen a weaker performance of 50.95%. The price of ASTL fallen by 19.37% over the last 30 days. And in the last five days, it has surged by 15.22%.
