Wall Street is positive on Algoma Steel Group Inc (ASTL). On average, analysts give the stock a Buy rating. The average price target is $13.562, which means analysts expect the stock to rise by 129.86% over the next twelve months. That average ranking earns the stock an Analyst Rating of 25, which is better than 25% of stocks based on data compiled by InvestorsObserver.
Why are Analyst Ratings Important?
Analytical research by professionals can be extremely useful when making investment decisions in the stock market. Analysts are able to observe industries in detail and learn how geographical impacts can affect a company’s balance sheet. This information allows investors to make decisions ahead of the curve. InvestorsObserver combines the ratings from these analysts and proceeds to percentile rank them. This grants you the ability to compare stocks in a comprehensive fashion as oppossed to a standard buy/hold/sell rating.
What’s Happening With Algoma Steel Group Inc Stock Today?
Algoma Steel Group Inc (ASTL) stock is trading at $5.90 as of 11:55 AM on Tuesday, Jan 10, a drop of -$0.45, or -7.17% from the previous closing price of $6.35. The stock has traded between $5.79 and $6.10 so far today. Volume today is more active than usual. So far 1,909,761 shares have traded compared to average volume of 1,067,867 shares. Click Here to get the full Stock Report for Algoma Steel Group Inc stock.
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