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Algoma Steel Group Inc. (ASTL)

8.08   0.34 (4.39%) 03-31 16:00
Open: 7.79 Pre. Close: 7.74
High: 8.265 Low: 7.77
Volume: 948,652 Market Cap: 837(M)

Technical analysis

as of: 2023-03-31 4:16:51 PM
Stoxline posted a BUY today, same as yesterday. Upward movement continues.
Target: Six months: 9.89     One year: 10.74
Support: Support1: 7.29    Support2: 6.06
Resistance: Resistance1: 8.47    Resistance2: 9.19
Pivot: 7.73
Moving Average: MA(5): 7.74     MA(20): 7.88
MA(100): 7.17     MA(250): 8.15
MACD: MACD(12,26): -0.1     Signal(9): -0.1
Stochastic oscillator: %K(14,3): 52.8     %D(3): 37.6
RSI: RSI(14): 55.6
52-week: High: 11.15  Low: 5.63
Average Vol(K): 3-Month: 1,374 (K)  10-Days: 891 (K)

Price, moving averages and Bollinger Bands

Price has closed above its short-term moving average. Short-term moving average is currently below mid-term; and above long-term moving average. From the relationship between price and moving averages: This stock is NEUTRAL in short-term; and NEUTRAL in mid-long term.
[ ASTL ] has closed below upper band by 3.4%. Bollinger Bands are 41.3% narrower than normal. The narrow width of the bands suggests low volatility as compared to its normal range. The bands have been in this narrow range for 1 bars. This is a sign that the market may be about to initiate a new trend.

Stock Price Prediction

Update at 5:00pm EST
If tomorrow: Open lower Open higher
High: 7.79 - 7.82 7.82 - 7.84
Low: 7.59 - 7.63 7.63 - 7.66
Close: 7.68 - 7.73 7.73 - 7.78

Company Description

Algoma Steel Group Inc. produces and sells steel products primarily in North America. It provides flat/sheet steel products, including temper rolling, cold rolled, hot-rolled pickled and oiled products, floor plate, and cut-to-length products for the automotive industry, hollow structural product manufacturers, and the light manufacturing and transportation industries; and plate steel products that consist of rolled, hot-rolled, and heat-treated for use in the construction or manufacture of railcars, buildings, bridges, off-highway equipment, storage tanks, ships, and military applications. Algoma Steel Group Inc. was founded in 1901 and is headquartered in Sault Ste. Marie, Canada.

Headline News

Sat, 01 Apr 2023
Algoma Steel Group Inc. (NASDAQ:ASTL) Short Interest Update - MarketBeat

Fri, 31 Mar 2023
Should You Buy Algoma Steel Group Inc (ASTL) Stock After it Has Gained 10.07% in a Week? - InvestorsObserver

Thu, 30 Mar 2023
Algoma Steel Provides Fiscal 2023 Fourth Quarter Guidance - GlobeNewswire

Wed, 29 Mar 2023
Algoma Steel Group Announces Director Resignation - Algoma ... - Benzinga

Mon, 13 Mar 2023
Algoma Steel Appoints EllisDon as Construction Manager for Electric Arc Furnace Project - Yahoo Finance

Wed, 08 Mar 2023
Boothbay Fund Management LLC Reduces Stock Position in ... - MarketBeat

Financial Analysis

Price to Book Value: Outperform
P/BV, a ratio used to compare book value to its current market price, to gauge whether a stock is valued properly.
Price to Earnings: Underperform
PE, the ratio for valuing a company that measures its current share price relative to its earnings per share (EPS).
Discounted cash flow: Outperform
DCF, a valuation method used to estimate the value of an investment based on its expected future cash flows.
Return on Assets: Neutral
ROA, indicates how profitable a company is in relation to its total assets, how efficiently uses assets to generate a profit.
Return on Equity: Neutral
ROE, a measure of financial performance calculated by dividing net income by equity. a gauge of profitability and efficiency.
Debt to Equity: Outperform
evaluate financial leverage, reflects the ability of equity to cover outstanding debts in the event of a business downturn.
Free Technical Analysis Charts

Stock Basics & Statistics

Exchange:  NASDAQ
Sector:  Basic Materials
Industry:  Steel
Shares Out. 104 (M)
Shares Float 64 (M)
% Held by Insiders 10.8 (%)
% Held by Institutions 73.7 (%)
Shares Short 6,500 (K)
Shares Short P.Month 5,400 (K)

Stock Financials

EPS 1.82
EPS Est Next Qtl 0
EPS Est This Year 0
EPS Est Next Year 0
Book Value (p.s.) 14.18
Profit Margin (%) 18.4
Operating Margin (%) 19
Return on Assets (ttm) 14.3
Return on Equity (ttm) 48.4
Qtrly Rev. Growth -46.8
Gross Profit (p.s.) 14.57
Sales Per Share 29.35
EBITDA (p.s.) 6.49
Qtrly Earnings Growth 0
Operating Cash Flow 526 (M)
Levered Free Cash Flow -588 (M)

Stock Valuations

PE Ratio 4.43
PEG Ratio 0
Price to Book value 0.56
Price to Sales 0.27
Price to Cash Flow 1.59

Stock Dividends

Dividend 0.05
Forward Dividend 0
Dividend Yield 0.6%
Dividend Pay Date Invalid DateTime.
Ex-Dividend Date Invalid DateTime.
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