NASDAQ:ASTL Algoma Steel Group (ASTL) Stock Price, News & Analysis $10.29 +0.15 (+1.48%) (As of 09/6/2024 ET) Add Compare Share Share Today's Range$9.96▼$10.4150-Day Range$6.91▼$10.5952-Week Range$6.34▼$10.71Volume1.87 million shsAverage Volume577,576 shsMarket Capitalization$1.07 billionP/E Ratio33.19Dividend Yield1.94%Price TargetN/A Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesOptions ChainOwnershipSEC FilingsShort InterestTrendsStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesOptions ChainOwnershipSEC FilingsShort InterestTrends Get Algoma Steel Group alerts: Email Address Algoma Steel Group MarketRank™ Stock AnalysisAnalyst RatingN/AUpside/DownsideN/AShort InterestBearish3.15% of Shares Sold ShortDividend StrengthModerateBased on Four FactorsSustainabilityN/ANews Sentiment0.62Based on 6 Articles This WeekInsider TradingN/AProj. Earnings GrowthGrowingFrom ($0.72) to $1.10 Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.2.83 out of 5 starsBasic Materials Sector106th out of 180 stocksBlast Furnaces & Steel Mills Industry9th out of 12 stocks N/A Analyst's Opinion Consensus RatingThere is not enough analysis data for Algoma Steel Group.Read more about Algoma Steel Group's stock forecast and price target. Previous Next 2.0 Short Interest Percentage of Shares Shorted3.15% of the outstanding shares of Algoma Steel Group have been sold short.Short Interest Ratio / Days to CoverAlgoma Steel Group has a short interest ratio ("days to cover") of 5.6.Change versus previous monthShort interest in Algoma Steel Group has recently increased by 8.25%, indicating that investor sentiment is decreasing significantly. Previous Next 2.5 Dividend Strength Dividend YieldAlgoma Steel Group pays a meaningful dividend of 1.98%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthAlgoma Steel Group does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Algoma Steel Group is 64.52%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Algoma Steel Group will have a dividend payout ratio of 18.18% next year. This indicates that Algoma Steel Group will be able to sustain or increase its dividend.Read more about Algoma Steel Group's dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for ASTL. Previous Next 3.1 News and Social Media Coverage News SentimentAlgoma Steel Group has a news sentiment score of 0.62. 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 0.46 average news sentiment score of Basic Materials companies.News Coverage This WeekMarketBeat has tracked 6 news articles for Algoma Steel Group this week, compared to 1 article on an average week.Search InterestOnly 1 people have searched for ASTL on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.MarketBeat Follows1 people have added Algoma Steel Group to their MarketBeat watchlist in the last 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Algoma Steel Group insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 7.77% of the stock of Algoma Steel Group is held by insiders.Percentage Held by Institutions72.00% 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.Read more about Algoma Steel Group's insider trading history. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for Algoma Steel Group are expected to grow in the coming year, from ($0.72) to $1.10 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Algoma Steel Group is 33.19, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 127.87.Price to Earnings Ratio vs. SectorThe P/E ratio of Algoma Steel Group is 33.19, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 118.49.Price to Book Value per Share RatioAlgoma Steel Group has a P/B Ratio of 0.95. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.Read more about Algoma Steel Group's valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad Deal MakerThe solution to fast food’s wage hike crisisShake Shack will be closing six California locations in response to the recent $20/hour minimum wage increase, according to the NY Post. With a sky-high 150% turnover rate, the fast food industry is already grappling with labor issues before taking into account these wage hikes. The industry will need a projected 1 million new workers every year through 2032.Learn more about this much-needed advancement and investment opportunity here. About Algoma Steel Group Stock (NASDAQ:ASTL)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.Read More ASTL Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart ASTL Stock News HeadlinesSeptember 6 at 5:56 PM | theglobeandmail.comCanadian billionaire Barry Zekelman weighs his options after amassing equity stake in Algoma SteelSeptember 4 at 5:17 AM | americanbankingnews.comAlgoma Steel Group Inc. (NASDAQ:ASTL) Short Interest UpdateSeptember 7, 2024 | Crypto 101 Media (Ad)Perfect Crypto Buying Opportunity for 50 CentsWhen cryptos take a hit, the mom and pop investors run for the hills. But the top investors keep buying with both fists. They know it's only a matter of time before another bull run. Now, Crypto Insiders Are Scooping up Lesser-Known Coins and Making Serious BankSeptember 3, 2024 | globenewswire.comAlgoma Steel Group to Participate in the Jefferies 2024 Industrials ConferenceAugust 29, 2024 | globenewswire.comAlgoma Steel Group Announces Renewal of Normal Course Issuer BidAugust 28, 2024 | globenewswire.comAlgoma Steel Applauds Approval of New 230kV Transmission Line in Sault Ste. Marie, Supporting Regional Growth and Green Steel TransitionAugust 26, 2024 | finance.yahoo.comASTL Oct 2024 10.000 put (ASTL241018P00010000)August 26, 2024 | finance.yahoo.comASTL Feb 2025 3.000 call (ASTL250221C00003000)September 7, 2024 | Crypto 101 Media (Ad)Perfect Crypto Buying Opportunity for 50 CentsWhen cryptos take a hit, the mom and pop investors run for the hills. But the top investors keep buying with both fists. They know it's only a matter of time before another bull run. Now, Crypto Insiders Are Scooping up Lesser-Known Coins and Making Serious BankAugust 13, 2024 | markets.businessinsider.comASTL Stock Earnings: Algoma Steel Gr Misses EPS, Misses Revenue for Q1 2025August 13, 2024 | ca.finance.yahoo.comAllstate to sell its employer voluntary benefits business to StanCorp for $2 billionAugust 13, 2024 | globenewswire.comAlgoma Steel Group Reports Fiscal First Quarter 2025 Financial ResultsAugust 12, 2024 | globenewswire.comAlgoma Steel Issues 2024 ESG Annual ReportAugust 7, 2024 | finance.yahoo.comArcelorMittal S.A. (MT.AS)August 6, 2024 | globenewswire.comAlgoma Steel to Announce Fiscal 2025 First Quarter Results August 13, 2024August 2, 2024 | sg.finance.yahoo.comAlgoma Steel Group Inc (ASTL-WT.TO)June 26, 2024 | seekingalpha.comAlgoma Steel: Canadian Steel At 3.5 Times The LTM EBITDAJune 24, 2024 | globenewswire.comAlgoma Steel Group to Participate at the Stifel Canada's 3rd Annual Summer Solstice ConferenceSee More Headlines Receive ASTL Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Algoma Steel Group and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Ex-Dividend for 7/19 Dividend7/02/2024Dividend Payable7/19/2024Last Earnings8/13/2024Ex-Dividend for 9/27 Dividend8/23/2024Today9/07/2024Dividend Payable9/27/2024Next Earnings (Estimated)11/07/2024Fiscal Year End3/31/2025Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorBasic Materials Industry Blast furnaces & steel mills Sub-IndustrySteel Works Current SymbolNASDAQ:ASTL CUSIPN/A CIK1860805 Webwww.algoma.com Phone705-945-2351FaxN/AEmployees2,844Year FoundedN/AProfitability EPS (Most Recent Fiscal Year)$0.31 Trailing P/E Ratio33.19 Forward P/E RatioN/A P/E GrowthN/ANet Income$77.99 million Net Margins-0.72% Pretax Margin-0.92% Return on Equity-1.23% Return on Assets-0.67% Debt Debt-to-Equity Ratio0.39 Current Ratio4.19 Quick Ratio2.15 Sales & Book Value Annual Sales$2.62 billion Price / Sales0.41 Cash Flow$1.52 per share Price / Cash Flow6.75 Book Value$10.83 per share Price / Book0.95Miscellaneous Outstanding Shares104,123,000Free Float96,033,000Market Cap$1.07 billion OptionableOptionable Beta1.50 10 Best Cheap Stocks to Buy NowMarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Click the link below to see which companies made the list.Get This Free Report Key ExecutivesMr. Michael Dennis Garcia (Age 59)CEO & Director Comp: $1.02MMr. Rajat Marwah (Age 50)Chief Financial Officer Comp: $538.73kMr. John Ralph Naccarato (Age 57)VP of Strategy & Chief Legal Officer Comp: $529.06kMichael MoracaTreasurer & Investor Relations OfficerMs. Brenda StentaManager of Communications & BrandingMr. Rory Brandow (Age 64)Vice President of Sales Ms. Danielle BakerChief Human Resource OfficerMr. Mike PanzeriSenior Vice President of ProductionMore ExecutivesKey CompetitorsCompanhia Siderúrgica NacionalNYSE:SIDConstelliumNYSE:CSTMWorthington SteelNYSE:WSSteel PartnersNYSE:SPLPMetallusNYSE:MTUSView All CompetitorsInstitutional OwnershipMaven Securities LTDSold 200,000 shares on 8/29/2024Ownership: 0.096%SIG North Trading ULCSold 1,800 shares on 8/15/2024Ownership: 0.088%The Manufacturers Life Insurance Company Bought 1,621 shares on 8/15/2024Ownership: 0.078%Bank of Montreal CanBought 6,154 shares on 8/14/2024Ownership: 0.350%BRITISH COLUMBIA INVESTMENT MANAGEMENT CorpSold 8,695 shares on 8/14/2024Ownership: 0.053%View All Institutional Transactions ASTL Stock Analysis - Frequently Asked Questions How have ASTL shares performed this year? Algoma Steel Group's stock was trading at $10.03 at the start of the year. Since then, ASTL stock has increased by 2.6% and is now trading at $10.29. View the best growth stocks for 2024 here. How were Algoma Steel Group's earnings last quarter? Algoma Steel Group Inc. (NASDAQ:ASTL) posted its quarterly earnings results on Tuesday, August, 13th. The company reported ($0.05) EPS for the quarter, topping analysts' consensus estimates of ($0.09) by $0.04. The business earned $475.44 million during the quarter, compared to the consensus estimate of $444.32 million. Algoma Steel Group had a negative trailing twelve-month return on equity of 1.23% and a negative net margin of 0.72%. Who are Algoma Steel Group's major shareholders? Algoma Steel Group's top institutional shareholders include Donald Smith & CO. Inc. (8.50%), Thomist Capital Management LP (4.78%), TCW Group Inc. (1.95%) and Intact Investment Management Inc. (1.17%). 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. This page (NASDAQ:ASTL) was last updated on 9/7/2024 by MarketBeat.com Staff From Our PartnersPerfect Crypto Buying Opportunity for 50 CentsWhen cryptos take a hit, the mom and pop investors run for the hills. But the top investors keep buying wit...Crypto 101 Media | SponsoredThe solution to fast food’s wage hike crisisShake Shack will be closing six California locations in response to the recent $20/hour minimum wage increase,...Deal Maker | SponsoredPre-IPO| 32,481% Growth: First Disruption to $martphones in 15 Years🤳45M Users | 32,481% Growth Rate Get in on the biggest disruption to smartphones in over a decade. 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