Algoma Steel Group Inc (NASDAQ: ASTL) is -0.75% lower on its value in year-to-date trading and has touched a low of $6.34 and a high of $10.71 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The ASTL stock was last observed hovering at around $9.94 in the last trading session, with the day’s gains setting it 0.01%.
Currently trading at $9.95, the stock is -1.73% and 6.59% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.88 million and changing 0.15% at the moment leaves the stock 17.74% off its SMA200. ASTL registered 44.07% gain for a year compared to 6-month gain of 24.44%.
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The stock witnessed a 4.68% loss in the last 1 month and extending the period to 3 months gives it a 39.62%, and is -0.75% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.95% over the week and 3.23% over the month.
Algoma Steel Group Inc (ASTL) has around 2844 employees, a market worth around $1.04B and $1.93B in sales. Profit margin for the company is -0.72%. Distance from 52-week low is 56.90% and -7.05% from its 52-week high. The company has generated returns on investments over the last 12 months (-0.89%).
159.0 institutions hold shares in Algoma Steel Group Inc (ASTL), with institutional investors hold 75.75% of the company’s shares. The shares outstanding are 104.10M, and float is at 93.01M with Short Float at 4.04%. Institutions hold 70.01% of the Float.
The top institutional shareholder in the company is DONALD SMITH & CO., INC. with over 8.85 million shares valued at $61.58 million. The investor’s holdings represent 8.4987 of the ASTL Shares outstanding. As of 2024-06-30, the second largest holder is MMCAP INTERNATIONAL INC. SPC with 8.19 million shares valued at $56.98 million to account for 7.8646 of the shares outstanding. The other top investors are MAPLE ROCK CAPITAL PARTNERS INC. which holds 6.09 million shares representing 5.852 and valued at over $42.4 million, while THOMIST CAPITAL MANAGEMENT, LP holds 4.7814 of the shares totaling 4.98 million with a market value of $43.43 million.
