Algoma Steel Group Inc (NASDAQ: ASTL) is -33.03% 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 $6.24 in the last trading session, with the day’s gains setting it 0.31%.
Currently trading at $6.55, the stock is -5.42% and -16.79% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.82 million and changing 4.97% at the moment leaves the stock -27.33% off its SMA200. ASTL registered -15.92% loss for a year compared to 6-month loss of -35.34%. The firm has a 50-day simple moving average (SMA 50) of $7.8716 and a 200-day simple moving average (SMA200) of $9.013475.
The stock witnessed a -18.73% gain in the last 1 month and extending the period to 3 months gives it a -35.47%, and is 2.66% up 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 10.48% over the week and 6.40% over the month.
Algoma Steel Group Inc (ASTL) has around 2844 employees, a market worth around $683.95M and $1.83B in sales. Profit margin for the company is -6.30%. Distance from 52-week low is 26.08% and -46.05% from its 52-week high. The company has generated returns on investments over the last 12 months (-7.75%).
, but quarterly earnings will post -7.02% year-over-year.
Algoma Steel Group Inc (ASTL) Top Institutional Holders
175.0 institutions hold shares in Algoma Steel Group Inc (ASTL), with institutional investors hold 86.01% of the company’s shares. The shares outstanding are 104.42M, and float is at 95.08M with Short Float at 3.79%. Institutions hold 79.52% 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 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.
Algoma Steel Group Inc (ASTL) Insider Activity
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