The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Algoma Steel Group Inc (ASTL) shows that investor sentiment remained same, with the stock’s consolidated last price to $7.01. The Algoma Steel Group Inc has recorded 2,677 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that Algoma Steel to Announce Fiscal 2024 Second Quarter Results November 2, 2023.
The company is listed on the NASDAQ and operates within the Steel industry segment. At the end of the last regular session, the stock closed at $7.01 and fluctuated between $7.18 as its day high and $6.98 as its day low. The current market capitalization of Algoma Steel Group Inc is $726.03M. A total of 0.68 million shares were traded on the day, compared to an average of 528.41K shares.
Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, ASTL has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 22 BUYs and 3 SELLs from insiders. Insiders purchased 274,474 shares during that period but sold 274,474.
The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. Algoma Steel Group Inc pays an annual dividend of $0.20, resulting in a dividend yield of 2.90%, and it has a price to earnings (P/E) ratio of 24.18. ASTL’s most recent ex-dividend date was 8/24/2023 when it declared a $0.05 quarterly dividend that was paid in cash on 9/29/2023. Previously, the company paid the dividend on 7/24/2023 with an ex-dividend date of 7/4/2023. The ASTL stock dividend was $0.05 per share in cash.
It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for ASTL in the last 3 months, the mean price target is $12.88 with high estimates of $14.00 and low estimates of $11.00. In terms of 52-week highs and lows, ASTL has a high of $9.20 and a low of $5.64.
As of this writing, ASTL has an earnings estimate of $0.29 per share for the current quarter. EPS was calculated based on a consensus of 2 estimates, with a high estimate of $0.33 per share and a lower estimate of $0.25. The company reported an EPS of -$0.19 in the last quarter, which was -533.30% lower than expectations of -$0.03.
Balance Sheet Annually/Quarterly
An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. ASTL’s latest balance sheet shows that the firm has $915.30M in Cash & Short Term Investments as of fiscal 2022. There were $95.30M in debt and $537.50M in liabilities at the time. Its Book Value Per Share was $11.23, while its Total Shareholder’s Equity was $1.58B.
There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for ASTL is Buy with a score of 4.67.