Algoma Steel Group Inc (NASDAQ: ASTL) is -42.43% 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 $5.44 in the last trading session, with the day’s gains setting it 0.19%.
Currently trading at $5.63, the stock is -6.93% and -21.63% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.01 million and changing 3.49% at the moment leaves the stock -36.84% off its SMA200. ASTL registered -34.76% loss for a year compared to 6-month loss of -44.97%. The firm has a 50-day simple moving average (SMA 50) of $7.1842 and a 200-day simple moving average (SMA200) of $8.914075.
The stock witnessed a -13.91% gain in the last 1 month and extending the period to 3 months gives it a -41.78%, and is -5.22% 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 4.71% over the week and 5.97% over the month.
Algoma Steel Group Inc (ASTL) has around 2818 employees, a market worth around $590.36M and $1.79B in sales. Profit margin for the company is -9.07%. Distance from 52-week low is 8.37% and -53.62% from its 52-week high. The company has generated returns on investments over the last 12 months (-10.91%).
173.0 institutions hold shares in Algoma Steel Group Inc (ASTL), with institutional investors hold 85.98% of the company’s shares. The shares outstanding are 104.86M, and float is at 95.48M with Short Float at 2.98%. Institutions hold 79.49% 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.
