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Algoma Steel Group Inc. (ASTL)
8.67  0.04 (0.46%)    07-26 16:00
Open: 8.77
High: 8.77
Volume: 313,673
  
Pre. Close: 8.63
Low: 8.59
Market Cap: 903(M)
Technical analysis
2024-07-26 4:42:31 PM
Short term     
Mid term     
Targets 6-month :  10.47 1-year :  12.23
Resists First :  8.97 Second :  10.47
Pivot price 8.16
Supports First :  7.54 Second :  6.67
MAs MA(5) :  8.72 MA(20) :  7.86
MA(100) :  7.79 MA(250) :  7.81
MACD MACD :  0.3 Signal :  0.2
%K %D K(14,3) :  84 D(3) :  87.4
RSI RSI(14): 67.2
52-week High :  10.25 Low :  6.34
Price, MAs and Bollinger Bands

Price has closed below its short-term moving average. Short-term moving average is currently above 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 32.4%. Bollinger Bands are 188.4% wider than normal. The large width of the bands suggest high volatility as compared to its normal range. The bands have been in this wide range for 9 days. This is a sign that the current trend might continue.

Stock Price Prediction
If tomorrow: Open lower Open higher
High: 8.78 - 8.81 8.81 - 8.84
Low: 8.5 - 8.54 8.54 - 8.58
Close: 8.61 - 8.67 8.67 - 8.72
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

Thu, 25 Jul 2024
Algoma Steel Group Inc. (NASDAQ:ASTL) Shares Bought by Russell Investments Group Ltd. - MarketBeat

Thu, 25 Jul 2024
Russell Investments Group Ltd. Acquires 158,526 Shares of Algoma Steel Group Inc. (NASDAQ:ASTL) - Defense World

Tue, 23 Jul 2024
Algoma Steel Group (TSE:ASTL) Price Target Raised to C$18.75 at Cormark - Defense World

Mon, 22 Jul 2024
Algoma Steel Group (NASDAQ:ASTL) Shares Gap Down to $8.68 - MarketBeat

Thu, 18 Jul 2024
With 57% ownership in Algoma Steel Group Inc. (NASDAQ:ASTL), institutional investors have a lot riding on the business - Simply Wall St

Sun, 14 Jul 2024
Financial Survey: Metallus (NYSE:MTUS) versus Algoma Steel Group (NASDAQ:ASTL) - American Banking and Market News

Financial Analysis
Price to Book Value:
P/BV, a ratio used to compare book value to its current market price, to gauge whether a stock is valued properly.
Outperform
Price to Earnings:
PE, the ratio for valuing a company that measures its current share price relative to its earnings per share (EPS).
Underperform
Discounted cash flow:
DCF, a valuation method used to estimate the value of an investment based on its expected future cash flows.
Outperform
Return on Assets:
ROA, indicates how profitable a company is in relation to its total assets, how efficiently uses assets to generate a profit.
Outperform
Return on Equity:
ROE, a measure of financial performance calculated by dividing net income by equity. a gauge of profitability and efficiency.
Outperform
Debt to Equity:
evaluate financial leverage, reflects the ability of equity to cover outstanding debts in the event of a business downturn.
Underperform
Stock Basics & Statistics
Exchange:
NASDAQ
Sector:
Basic Materials
Industry:
Steel
Shares Out 104 (M)
Shares Float 87 (M)
Held by Insiders 4.8 (%)
Held by Institutions 69.8 (%)
Shares Short 3,010 (K)
Shares Short P.Month 2,990 (K)
Stock Financials
EPS 0.5
EPS Est Next Qtrly 0
EPS Est This Year 0
EPS Est Next Year 0
Book Value (p.s.) 14.43
Profit Margin 3.7 %
Operating Margin 0.4 %
Return on Assets (ttm) 3.5 %
Return on Equity (ttm) 7 %
Qtrly Rev. Growth -8.4 %
Gross Profit (p.s.) 0
Sales Per Share 26.89
EBITDA (p.s.) 2.5
Qtrly Earnings Growth 0 %
Operating Cash Flow 295 (M)
Levered Free Cash Flow -236 (M)
Stock Valuations
PE Ratio 17
PEG Ratio 0
Price to Book value 0.6
Price to Sales 0.32
Price to Cash Flow 3.06
Stock Dividends
Dividend 0.05
Forward Dividend 0
Dividend Yield 0.5%
Dividend Pay Date Invalid DateTime.
Ex-Dividend Date Invalid DateTime.

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