How to Buy Algoma Steel Group Stock
Algoma Steel Group Inc
Algoma Steel Group Inc. produces and sells steel products primarily in North America.
Algoma Steel Group stock last closed at $7.65, up 0% from the previous day, and has increased 6.69% in one year. It has underperformed other stocks in the Steel industry by 0.08 percentage points. Algoma Steel Group stock is currently +20.57% from its 52-week low of $6.35, and -25.37% from its 52-week high of $10.25.
There are currently 103.6M shares of ASTL outstanding. The market value of ASTL is $792.56M. In the last 24 hours, 229,441 ASTL shares were traded.
How to Buy Algoma Steel Group Stock
Wondering how to invest in Algoma Steel Group stock? Here's how.
- Decide where to buy Algoma Steel Group stock: You need to pick an online brokerage, but don't worry - we've researched dozens of stock brokerages and apps to help you determine where to buy Algoma Steel Group stock.
- Open a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
- Put funds into your investment account: Pick your method of payment and add your info.
- Research Algoma Steel Group stock: The Algoma Steel Group ticker symbol is ASTL. Is Algoma Steel Group stock a good investment? Should you buy shares of ASTL? How do ASTL's underlying business fundamentals look? Do top analysts think Algoma Steel Group is a good buy? Why has ASTL's stock price moved recently? (Hint: Our stock market research website can help you evaluate if ASTL is a good stock to buy).
- Place your ASTL buy order: Decide if you will purchase ASTL shares at the current market price or use a limit order to buy ASTL shares at a particular price.
- Monitor your ASTL investment: Create a watchlist to key updates about your investment in Algoma Steel Group stock.
Step 1: Decide where to buy Algoma Steel Group stock
You will need an online brokerage account in order to access the NASDAQ market and buy ASTL shares.
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Open eToro AccountStep 2: Open a brokerage account
Now that you've chosen the best brokerage, you need to fill out some personal details so you can invest in ASTL today.
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- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal info to open your new brokerage account.
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Step 3: Put funds into your investment account
Now that you have filled out your info on our top ranked stock app, you need to deposit funds:
Check out the walkthrough below to see the process of depositing funds into your new investment account.
Step 4: Research Algoma Steel Group stock
After you have figured out the best place to buy Algoma Steel Group stock, it's absolutely critical to evaluate their stock before you invest, so you truly understand the risk as well as the upside.
Algoma Steel Group stock at a glance
Algoma Steel Group Zen Score
WallStreetZen was designed to help part-time investors do more accurate fundamental analysis.
You can view all of the due diligence checks on ASTL's stock page.
Is ASTL stock properly valued?
Investors use many financial metrics, analyses, models, and charts to gauge ASTL's fair value.
Using relative valuations methods:
- ASTL may be overvalued based on its P/E ratio of 19.32x, relative to Steel industry P/E ratio of 11.51x
- ASTL could be undervalued based on its P/B ratio of 0.74x, relative to Steel industry P/B ratio of 0.94x
- ASTL could be undervalued based on its PEG ratio of 0.13x
You can do additional valuation analysis on ASTL's stock here.
A look at ASTL Cashflows and Balance Sheet
Positive Health Checks:
- There are more short-term assets than long-term liabilities on the ASTL balance sheet.
- There are more short-term assets than short-term liabilities on the ASTL balance sheet.
Negative Health Checks:
- ASTL has a relatively high debt to equity ratio of 0.84.
- ASTL profit margin has gone down from 18.5% to 2% in the past year.
- ASTL has cash burn of 127611940. It does not have sufficient cash and short-term investments to cover this.
- ASTL has $73.58M in cash and short term investments. This is not enough to cover its annual cash burn of $127.61M.
You can dig deeper into what analysts are saying on the Algoma Steel Group stock forecast page.
ASTL Technical Indicators
ASTL Performance Metrics
Last year, ASTL earnings were $42.39M. During the past two year, ASTL's earnings have gone up by -76.73% per year. This was slower than the Steel industry average of 7.37%.
Last year, ASTL revenue was $2.13B. In the past two year, ASTL's revenue has gone up by -11.47% per year. This was slower than the Steel industry average of 7.38%.
You can analyze ASTL's earnings and revenue performance here.
Are ASTL executives and large shareholders buying or selling the stock?
In the last year, insiders at ASTL have not bought or sold any shares.
Get more info about who owns ASTL shares here.
Can I get consistent income from ASTL stock?
No, Algoma Steel Group doesn't provide an income stream by paying out dividends.
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Step 5: Place your ASTL buy order
There are two main order types:
- Market order: A market order is an order to buy or sell a stock at the best available price.
Market orders are generally sufficient. - Limit order: A limit order enables you to buy or sell a security at a specific price (or better).
If you want to make sure you're buying or selling at a specific dollar amount, place a limit order.
Press the Open button and eToro will execute your order.
If you require additional assistance buying stocks on eToro, click the how to video below:
Step 6: Monitor your ASTL investment
Now that you own some ASTL stock, you'll want to stay up-to-date on your new investment.
Make a watchlist to get alerted to the latest events about your ASTL stock.
ASTL Feed
How to Buy Stock in Algoma Steel Group
To reiterate, here are the 6 steps to buy Algoma Steel Group stock:
- Decide where to buy Algoma Steel Group stock
- Open a brokerage account
- Put funds into your investment account
- Research Algoma Steel Group stock
- Place your ASTL buy order
- Monitor your ASTL investment
If you need a brokerage account, eToro is our recommended venue.
Get Started with eToro TodayIf you want to get the latest news on your new investment in Algoma Steel Group, get started below.
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