During the last session, Algoma Steel Group Inc (NASDAQ:ASTL)’s traded shares were 0.81 million, with the beta value of the company hitting 1.54. At the end of the trading day, the stock’s price was $5.71, reflecting an intraday loss of -1.38% or -$0.08. The 52-week high for the ASTL share is $12.14, that puts it down -112.61 from that peak though still a striking 8.93% gain since the share price plummeted to a 52-week low of $5.20. The company’s market capitalization is $598.75M, and the average intraday trading volume over the past 10 days was 0.72 million shares, and the average trade volume was 963.06K shares over the past three months.
Algoma Steel Group Inc (NASDAQ:ASTL) trade information
Algoma Steel Group Inc (ASTL) registered a -1.38% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -1.38% in intraday trading to $5.71, hitting a weekly high. The stock’s 5-day price performance is -7.15%, and it has moved by -18.78% in 30 days. Based on these gigs, the overall price performance for the year is -31.94%. The short interest in Algoma Steel Group Inc (NASDAQ:ASTL) is 2.84 million shares and it means that shorts have 1.71 day(s) to cover.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -10.89%.
ASTL Dividends
Algoma Steel Group Inc is due to release its next quarterly earnings on 2025-Mar-11. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Algoma Steel Group Inc is 0.20, with the dividend yield indicating at 3.50 percent, continuing the trend of increasing dividends in recent years.
Algoma Steel Group Inc (NASDAQ:ASTL)’s Major holders
Algoma Steel Group Inc insiders own 7.55% of total outstanding shares while institutional holders control 79.52%, with the float percentage being 86.01%. DONALD SMITH & CO., INC. is the largest shareholder of the company, while 175.0 institutions own stock in it. As of 2024-06-30, the company held over 8.85 million shares (or 10.3521% of all shares), a total value of $61.58 million in shares.
The next largest institutional holding, with 8.19 million shares, is of MMCAP INTERNATIONAL INC. SPC’s that is approximately 9.5796% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $56.98 million.
Also, the Mutual Funds coming in first place with the largest holdings of Algoma Steel Group Inc (ASTL) shares are Fidelity Investment Trust-Fidelity Global Commodity Stock Fund and Fidelity Capital Trust-Fidelity Value Fund . Data provided on Jan 31, 2025 indicates that Fidelity Investment Trust-Fidelity Global Commodity Stock Fund owns about 2.24 shares. This amounts to just over 2.14 percent of the company’s overall shares, with a $12.8 million market value. The same data shows that the other fund manager holds slightly less at 2.17, or about 2.07% of the stock, which is worth about $12.38 million.
