Algoma Steel Group Inc (NASDAQ:ASTL) traded at $5.81 at close of the session on Tuesday, March 11 and made an upward move of 5.64% on its previous day’s price.
Algoma Steel Group Inc has a market cap of $606.68 million and is expected to release its quarterly earnings report in April. With its Forward Dividend at 0.15 and a yield of 2.58%, the company’s investors could be anxious for the ASTL stock to gain ahead of the earnings release.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at 582.3M, with a low of 552M and a high of 607.9M. The median projection represents growth adding up to -5.38% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for current year is expected to hit 2.46B, or -12.04% down from figures reported last year.
On the other hand, looking at the outlook for the ASTL stock, short term indicators assign the stock an average of 100% Sell, while medium term indicators assign it an average of 100% Sell.
Based on estimates by 1 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 0 have rated the Algoma Steel Group Inc (ASTL) stock as a Hold, while 1 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.
Looking further, we note the current price level is -19.42% off its SMA20 and -28.17% from its 50-day simple moving average. The RSI (14) is pointing at 28.57 while the volatility over the past week is 8.90% and jumps to 5.78% over the past one month. The beta value is 1.57, while the average true range (ATR) is currently pointing at 0.42.
