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 $4.85, up 1.04% from the previous day, and has decreased 37.98% in one year. It has underperformed other stocks in the Steel industry by 0.14 percentage points. Algoma Steel Group stock is currently +16.31% from its 52-week low of $4.17, and -60.05% from its 52-week high of $12.14.
There are currently 104.12M shares of ASTL outstanding. The market value of ASTL is $505.00M. In the last 24 hours, 885,532 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.
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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 Due Diligence 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 undervalued based on its P/B ratio of 0.48x, relative to Steel industry P/B ratio of 0.74x
You can access additional valuation research on ASTL's stock here.
ASTL Financial Health Summary
Positive Health Checks:
- ASTL has $185.42M in cash and short term investments. This is sufficient to cover its annual cash burn of $234.86M.
- 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 1.11.
- ASTL has cash burn of 234861111. It does not have enough cash and short-term investments to cover this.
- ASTL profit margin has gone down from 2% to -5.6% in the past year.
You can dive deeper into what analysts are forecasting on the Algoma Steel Group stock forecast page.
ASTL Technicals
ASTL Performance Metrics
Last year, ASTL revenue was $1.71B. In the last three year, ASTL's revenue has grown by -72.13% per year. This was slower than the Steel industry average of 4.91%.
You can research ASTL's earnings and revenue performance here.
What are ASTL insiders up to?
Over the past year, executives and large shareholders at ASTL have not bought or sold any shares.
Dig into more about who owns ASTL shares here.
Can I get consistent income from ASTL stock?
Algoma Steel Group pays a dividend of 2.06%, compared to the Steel industry's average dividend yield of 2.89%. If you owned $1,000 worth of ASTL stock, you would have been paid $20.62 last year.
Get more data about Algoma Steel Group dividend yield and history here.
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Step 5: Place your ASTL buy order
There are two primary options:
- Market order: A market order is an order to buy or sell a security at the best price on the market.
Market orders are usually fine for most investors. - Limit order: A limit order is an order to buy or sell a security at a specific price (or better).
If you want to be certain you're buying or selling at a specific dollar amount, use a limit order.
Hit the Open button and eToro will place your order.
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Step 6: Monitor your ASTL investment
Now that you own some shares in ASTL, you'll want to keep up with your new investment.
Start a watchlist to track the latest developments regarding your ASTL stock.
ASTL Feed
How to Buy Stock in Algoma Steel Group
To summarize, here are the 6 steps for buying 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 are looking for a brokerage account, eToro is our favorite venue.
Get Started with eToro TodayIf you would like to track your investment in Algoma Steel Group, click the button below.
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