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NASDAQ:ASTL

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

Algoma Steel Group logo
$9.61 +0.19 (+2.02%)
(As of 05:26 PM ET)

About Algoma Steel Group Stock (NASDAQ:ASTL)

Key Stats

Today's Range
$9.36
$9.62
50-Day Range
$9.35
$12.01
52-Week Range
$6.67
$12.14
Volume
625,201 shs
Average Volume
572,680 shs
Market Capitalization
$1.01 billion
P/E Ratio
N/A
Dividend Yield
2.08%
Price Target
N/A
Consensus Rating
N/A

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.

Algoma Steel Group Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
19th Percentile Overall Score

ASTL MarketRank™: 

Algoma Steel Group scored higher than 19% of companies evaluated by MarketBeat, and ranked 176th 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.

  • Consensus Rating

    There is not enough analysis data for Algoma Steel Group.

  • 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 -7.57, 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 -7.57, 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 0.90. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

  • Percentage of Shares Shorted

    4.33% 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 8.2.
  • Change versus previous month

    Short interest in Algoma Steel Group has recently decreased by 4.63%, indicating that investor sentiment is improving.
  • Dividend Yield

    Algoma Steel Group pays a meaningful dividend of 2.14%, 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.

  • Read more about Algoma Steel Group's dividend.
  • Percentage of Shares Shorted

    4.33% 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 8.2.
  • Change versus previous month

    Short interest in Algoma Steel Group has recently decreased by 4.63%, indicating that investor sentiment is improving.
  • Search Interest

    Only 2 people have searched for ASTL on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.
  • 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.

  • Read more about Algoma Steel Group's insider trading history.
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ASTL Stock News Headlines

ASTL:CA Algoma Steel Group Inc.
Why I'm telling friends to avoid gold stocks
Back in November, gold made a tiny move of 1.6%. But according to my backtesting by using a special type of gold trade, I would have seen a 141% gain in just a week. It happened again in March. Gold nudged up 1.2%. This time? A 104% overnight gain. And in June? A 1% gold move turned into a 74% gain in two weeks. Granted, there would have been smaller wins and those that did not work out, but you see, there's a reason I'm telling all my friends to hold off from buying gold or regular gold stocks right now. There's a more lucrative way to play the gold market as we enter a new breakout period. It's all about catching what I call "Acceleration Cycles."
See More Headlines

ASTL Stock Analysis - Frequently Asked Questions

Algoma Steel Group's stock was trading at $10.03 on January 1st, 2024. Since then, ASTL shares have decreased by 4.2% and is now trading at $9.61.
View the best growth stocks for 2024 here
.

Algoma Steel Group Inc. (NASDAQ:ASTL) issued its earnings results on Saturday, June, 22nd. The company reported $0.07 EPS for the quarter, topping analysts' consensus estimates of ($0.01) by $0.08. The firm earned $460.35 million during the quarter, compared to analysts' expectations of $439.82 million. Algoma Steel Group had a negative trailing twelve-month return on equity of 10.63% and a negative net margin of 6.30%.

Algoma Steel Group's top institutional investors 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%).

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.

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
Ex-Dividend for 12/27 Dividend
11/27/2024
Today
12/23/2024
Dividend Payable
12/27/2024
Fiscal Year End
3/31/2025

Industry, Sector and Symbol

Industry
Blast furnaces & steel mills
Sub-Industry
Steel Works
Current Symbol
NASDAQ:ASTL
Fax
N/A
Employees
2,844
Year Founded
N/A

Profitability

Net Income
$77.99 million
Pretax Margin
-7.70%

Debt

Sales & Book Value

Annual Sales
$2.49 billion
Cash Flow
$1.47 per share
Book Value
$10.70 per share

Miscellaneous

Free Float
96,309,000
Market Cap
$992.76 million
Optionable
Optionable
Beta
1.47
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This page (NASDAQ:ASTL) was last updated on 12/23/2024 by MarketBeat.com Staff
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