Algoma Steel Group Inc (NASDAQ: ASTL) is -45.40% lower on its value in year-to-date trading and has touched a low of $4.17 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 $5.11 in the last trading session, with the day’s gains setting it 0.23%.
Currently trading at $5.34, the stock is 9.74% and -7.88% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.14 million and changing 4.40% at the moment leaves the stock -38.53% off its SMA200. ASTL registered -32.23% loss for a year compared to 6-month loss of -49.38%. The firm has a 50-day simple moving average (SMA 50) of $5.7969 and a 200-day simple moving average (SMA200) of $8.6865.
The stock witnessed a -1.84% gain in the last 1 month and extending the period to 3 months gives it a -38.27%, and is 1.71% 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 9.24% over the week and 8.55% over the month.
Algoma Steel Group Inc (ASTL) has around 2818 employees, a market worth around $559.95M and $1.70B in sales. Profit margin for the company is -8.15%. Distance from 52-week low is 28.06% and -56.01% from its 52-week high. The company has generated returns on investments over the last 12 months (-9.43%).
with sales reaching $586.2M over the same period., but quarterly earnings will post -13.99% year-over-year.
173.0 institutions hold shares in Algoma Steel Group Inc (ASTL), with institutional investors hold 91.48% of the company’s shares. The shares outstanding are 104.93M, and float is at 89.98M with Short Float at 4.23%. Institutions hold 79.80% 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.
