Algoma Steel Group Inc (NASDAQ:ASTL)’s traded shares stood at 0.82 million during the last session, with the company’s beta value hitting 1.58. At the close of trading, the stock’s price was $5.76, to imply an increase of 7.87% or $0.42 in intraday trading. The ASTL share’s 52-week high remains $12.14, putting it -110.76% down since that peak but still an impressive 27.6% since price per share fell to its 52-week low of $4.17. The company has a valuation of $603.99M, with an average of 1.08 million shares in intraday trading volume over the past 10 days and average of 1.15 million shares over the past 3 months.
Algoma Steel Group Inc (NASDAQ:ASTL) trade information
After registering a 7.87% upside in the last session, Algoma Steel Group Inc (ASTL) has traded red over the past five days. The 5-day price performance for the stock is 12.28%, and 2.31% over 30 days. With these gigs, the year-to-date price performance is -41.10%. Short interest in Algoma Steel Group Inc (NASDAQ:ASTL) saw shorts transact 3.81 million shares and set a 3.77 days time to cover.
Revenue forecast for the current quarter as set by 3 analysts is 601.47M. Meanwhile, for the current quarter, a total of 1 analyst(s) estimate revenue growth to 613.4M.
ASTL Dividends
Algoma Steel Group Inc has its next earnings report out on 2025-Apr-28. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Algoma Steel Group Inc has a forward dividend ratio of 0.20, with the share yield ticking at 3.47% to continue the rising pattern observed over the past year.
Algoma Steel Group Inc (NASDAQ:ASTL)’s Major holders
Algoma Steel Group Inc insiders hold 12.78% of total outstanding shares, with institutional holders owning 79.80% of the shares at 91.48% float percentage. In total, 79.80% institutions holds shares in the company, led by DONALD SMITH & CO., INC.. As of 2024-06-30, the company held over 8.85 million shares (or 10.3521% of shares), all amounting to roughly $61.58 million.
The next major institution holding the largest number of shares is MMCAP INTERNATIONAL INC. SPC with 8.19 million shares, or about 9.5796% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $56.98 million.
We also have Fidelity Investment Trust-Fidelity Global Commodity Stock Fund and Fidelity Capital Trust-Fidelity Value Fund as the top two Mutual Funds with the largest holdings of the Algoma Steel Group Inc (ASTL) shares. Going by data provided on Feb 28, 2025 , Fidelity Investment Trust-Fidelity Global Commodity Stock Fund holds roughly 2.24 shares. This is just over 2.14% of the total shares, with a market valuation of $12.91 million. Data from the same date shows that the other fund manager holds a little less at 2.07, or 1.97% of the shares, all valued at about 11.92 million.
