Adversity is less terrifying than hope: Algoma Steel Group Inc (ASTL)

With 1.26 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.0 million shares. The 52-week range on ASTL shows that it touched its highest point at $12.14 and its lowest point at $4.17 during that stretch. With its current market cap of 698.83 million, ASTL has annualized dividend of $0.25 while the current yield stands at 3.75%. Beta for the stock currently stands at 1.56.

Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of ASTL was up-trending over the past week, with a rise of 5.05%, but this was up by 15.83% over a month. Three-month performance surged to 2.30% while six-month performance fell -33.93%. The stock lost -7.37% in the past year, while it has lost -31.90% so far this year.

Float and Shares Shorts:

At present, 104.93 million ASTL shares are outstanding with a float of 90.32 million shares on hand for trading.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. The EBITDA in the recently reported quarter was -$87500000.0 and diluted EPS was $nan.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ASTL since 1 analysts follow the stock currently. There are 1 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $0.54086 being high and -$3.48035 being low. For ASTL, this leads to a yearly average estimate of -$1.4815. Based on analyst estimates, the high estimate for the next quarter is -$0.47 and the low estimate is -$0.9. The average estimate for the next quarter is thus -$0.69.

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