In the last trading session, 1.52 million Algoma Steel Group Inc (NASDAQ:ASTL) shares changed hands as the company’s beta touched 1.58. With the company’s per share price at $5.07 changed hands at -$0.04 or -0.78% during last session, the market valuation stood at $531.64M. ASTL’s last price was a discount, traded about -139.45% off its 52-week high of $12.14. The share price had its 52-week low at $4.17, which suggests the last value was 17.75% up since then. When we look at Algoma Steel Group Inc’s average trading volume, we note the 10-day average is 0.94 million shares, with the 3-month average coming to 1.11 million.
Analysts gave the Algoma Steel Group Inc (ASTL) stock a consensus recommendation rating of Buy. If we narrow down to specifics, the data shows that 0 out of 1 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended ASTL as a Hold, 1 felt it is a Buy and 0 rated the stock as Underweight. Algoma Steel Group Inc’s EPS for the current quarter is expected to be -0.05.
Algoma Steel Group Inc (NASDAQ:ASTL) trade information
Instantly ASTL was in red as seen at the end of in last trading. With action 4.54%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -48.16%, with the 5-day performance at 4.54% in the green. However, in the 30-day time frame, Algoma Steel Group Inc (NASDAQ:ASTL) is -11.21% down. Looking at the short shares, we see there were 3.81 million shares sold at short interest cover period of 3.77 days.
Algoma Steel Group Inc (ASTL) estimates and forecasts
Year-over-year growth is forecast to reach 23.06% up from the last financial year.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -10.89%.
ASTL Dividends
Algoma Steel Group Inc is expected to release its next quarterly earnings report on 2025-Mar-11. The 3.94% annual yield figure for the share gives it an annual dividend of 0.20. It is important to note, however, that the 3.94% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision.
Algoma Steel Group Inc (NASDAQ:ASTL)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 12.78% of Algoma Steel Group Inc shares while 79.79% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 91.48%. There are 79.79% institutions holding the Algoma Steel Group Inc stock share, with DONALD SMITH & CO., INC. the top institutional holder. As of 2024-06-30, the company held 10.3521% of the shares, roughly 8.85 million ASTL shares worth $61.58 million.
MMCAP INTERNATIONAL INC. SPC holds the second largest percentage of outstanding shares, with 9.5796% or 8.19 million shares worth $56.98 million as of 2024-06-30.
Among Mutual Funds, the top two as of Feb 28, 2025 were Fidelity Investment Trust-Fidelity Global Commodity Stock Fund and Fidelity Capital Trust-Fidelity Value Fund . With 2.24 shares estimated at $11.36 million under it, the former controlled 2.14% of total outstanding shares. On the other hand, Fidelity Capital Trust-Fidelity Value Fund held about 1.97% of the shares, roughly 2.07 shares worth around $10.5 million.
