Algoma Steel Group (ASTL) Stock Price, News & Analysis

Company Overview

Algoma Steel Group Inc. produces and sells steel products primarily in North America. The company provides flat/sheet steel products, including temper rolling, cold rolled, hot-rolled pickled and oiled products, floor plate, and cut-to-length products for the automotive industry, hollow structural product manufacturers, and the light manufacturing and transportation industries; and plate steel products that consist of rolled, hot-rolled, and heat-treated for use in the construction or manufacture of railcars, buildings, bridges, off-highway equipment, storage tanks, ships, and military applications. Algoma Steel Group Inc. was founded in 1901 and is headquartered in Sault Ste. Marie, Canada.

Key Stats

• Today's Range: $11.20 to $11.51
• 50-Day Range: $9.57 to $12.01
• 52-Week Range: $6.67 to $12.14
• Volume: 85,425 shs
• Average Volume: 580,293 shs
• Market Capitalization: $1.20 billion
• P/E Ratio: N/A
• Dividend Yield: 1.74%
• Price Target: N/A
• Consensus Rating: N/A

Algoma Steel Group Stock Analysis - MarketRank™

Algoma Steel Group scored higher than 27% of companies evaluated by MarketBeat, and ranked 167th out of 193 stocks in the basic materials sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: N/A
• Analyst Rating: N/A

Consensus Rating

There is not enough analysis data for Algoma Steel Group.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for Algoma Steel Group are expected to grow in the coming year, from ($1.04) to $0.75 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Algoma Steel Group is -8.87, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Algoma Steel Group is -8.87, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

Algoma Steel Group has a P/B Ratio of 1.14. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

4.18% of the outstanding shares of Algoma Steel Group have been sold short.

Short Interest Ratio / Days to Cover

Algoma Steel Group has a short interest ratio ("days to cover") of 6.5.

Change versus previous month

Short interest in Algoma Steel Group has recently increased by 6.34%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

Algoma Steel Group pays a meaningful dividend of 1.76%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Algoma Steel Group does not have a long track record of dividend growth.

Dividend Sustainability

Based on earnings estimates, Algoma Steel Group will have a dividend payout ratio of 26.67% next year. This indicates that Algoma Steel Group will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

4.18% of the outstanding shares of Algoma Steel Group have been sold short.

Short Interest Ratio / Days to Cover

Algoma Steel Group has a short interest ratio ("days to cover") of 6.5.

Change versus previous month

Short interest in Algoma Steel Group has recently increased by 6.34%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 3.3 / 5
• News Sentiment: 0.89

News Sentiment

Algoma Steel Group has a news sentiment score of 0.89. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.52 average news sentiment score of Basic Materials companies.

News Coverage This Week

MarketBeat has tracked 2 news articles for Algoma Steel Group this week, compared to 2 articles on an average week.

Search Interest

2 people have searched for ASTL on MarketBeat in the last 30 days.

MarketBeat Follows

1 people have added Algoma Steel Group to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Algoma Steel Group insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 7.77% of the stock of Algoma Steel Group is held by insiders.

Percentage Held by Institutions

72.00% of the stock of Algoma Steel Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

ASTL Stock Analysis - Frequently Asked Questions

How have ASTL shares performed this year?

Algoma Steel Group's stock was trading at $10.03 on January 1st, 2024. Since then, ASTL shares have increased by 12.4% and is now trading at $11.27.
View the best growth stocks for 2024 here.

How were Algoma Steel Group's earnings last quarter?

Algoma Steel Group Inc. (NASDAQ:ASTL) announced its quarterly earnings data on Saturday, June, 22nd. The company reported $0.07 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.01) by $0.08. The business had revenue of $460.35 million for the quarter, compared to analyst estimates of $439.82 million. Algoma Steel Group had a negative net margin of 6.30% and a negative trailing twelve-month return on equity of 10.63%.

Who are Algoma Steel Group's major shareholders?

Algoma Steel Group's top institutional shareholders include Donald Smith & CO. Inc. (7.72%), FMR LLC (3.37%), Scheer Rowlett & Associates Investment Management Ltd. (2.07%) and TCW Group Inc. (1.81%).

How do I buy shares of Algoma Steel Group?

Shares of ASTL stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Algoma Steel Group own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Algoma Steel Group investors own include NVIDIA (NVDA), Broadcom (AVGO), StealthGas (GASS), Adobe (ADBE), Arista Networks (ANET), General Electric (GE) and Jabil (JBL).

Company Calendar

• Last Earnings: 6/22/2024
• Ex-Dividend for 9/27 Dividend: 8/23/2024
• Dividend Payable: 9/27/2024
• Today: 11/21/2024
• Ex-Dividend for 12/27 Dividend: 11/27/2024
• Dividend Payable: 12/27/2024
• Next Earnings (Estimated): 2/04/2025
• Fiscal Year End: 3/31/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Basic Materials
• Industry: Blast furnaces & steel mills
• Sub-Industry: Steel Works
• Current Symbol: NASDAQ:ASTL
• CUSIP: N/A
• CIK: 1860805
• Web: www.algoma.com
• Phone: 705-945-2351
• Fax: N/A
• Employees: 2,844
• Year Founded: N/A

Profitability

• EPS (Most Recent Fiscal Year): ($1.27)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $77.99 million
• Net Margins: -6.30%
• Pretax Margin: -7.70%
• Return on Equity: -10.63%
• Return on Assets: -5.43%

Debt

• Debt-to-Equity Ratio: 0.42
• Current Ratio: 3.31
• Quick Ratio: 1.66

Sales & Book Value

• Annual Sales: $2.49 billion
• Price / Sales: 0.47
• Cash Flow: $1.63 per share
• Price / Cash Flow: 6.91
• Book Value: $10.70 per share
• Price / Book: 1.05

Miscellaneous

• Outstanding Shares: 104,423,000
• Free Float: N/A
• Market Cap: $1.17 billion
• Optionable: Optionable
• Beta: 1.49