Algoma Steel Group Inc (NASDAQ: ASTL) is -40.49% lower on its value in year-to-date trading and has touched a low of $5.20 and a high of $12.14 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 $5.81 in the last trading session, with the day’s gains setting it 0.01%.
Currently trading at $5.82, the stock is -17.97% and -27.30% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.53 million and changing 0.17% at the moment leaves the stock -35.54% off its SMA200. ASTL registered -27.61% loss for a year compared to 6-month loss of -44.94%.
The stock witnessed a -29.11% gain in the last 1 month and extending the period to 3 months gives it a -42.66%, and is -14.91% 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 8.76% over the week and 5.77% over the month.
Algoma Steel Group Inc (ASTL) has around 2844 employees, a market worth around $607.72M and $1.83B in sales. Profit margin for the company is -6.30%. Distance from 52-week low is 12.03% and -52.06% from its 52-week high. The company has generated returns on investments over the last 12 months (-7.75%).
with sales reaching $582.3M over the same period., but quarterly earnings will post -12.04% year-over-year. Quarterly sales are estimated to shrink -5.38% in year-over-year returns.
The shares outstanding are 104.42M, and float is at 95.08M with Short Float at 3.79%.
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 10.3521 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 9.5796 of the shares outstanding. The other top investors are MAPLE ROCK CAPITAL PARTNERS INC. which holds 6.09 million shares representing 7.1281 and valued at over $42.4 million, while THOMIST CAPITAL MANAGEMENT, LP holds 5.8241 of the shares totaling 4.98 million with a market value of $43.43 million.
