Algoma Steel Group Inc (NASDAQ: ASTL) is -49.49% 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 $5.27 in the last trading session, with the day’s loss setting it -0.33%.
Currently trading at $4.94, the stock is -11.67% and -7.62% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.13 million and changing -6.26% at the moment leaves the stock -40.80% off its SMA200. ASTL registered -36.09% loss for a year compared to 6-month loss of -53.87%. The firm has a 50-day simple moving average (SMA 50) of $5.3749 and a 200-day simple moving average (SMA200) of $8.3648.
The stock witnessed a -7.49% gain in the last 1 month and extending the period to 3 months gives it a -27.35%, and is -8.52% 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 3.34% over the week and 3.64% over the month.
Algoma Steel Group Inc (ASTL) has around 2818 employees, a market worth around $518.35M and $1.70B in sales. Profit margin for the company is -8.15%. Distance from 52-week low is 18.47% and -59.31% from its 52-week high. The company has generated returns on investments over the last 12 months (-9.43%).
with sales reaching $609.4M over the same period., but quarterly earnings will post -1.30% year-over-year.
Algoma Steel Group Inc (ASTL) Top Institutional Holders
168.0 institutions hold shares in Algoma Steel Group Inc (ASTL), with institutional investors hold 86.50% of the company’s shares. The shares outstanding are 104.93M, and float is at 90.31M with Short Float at 4.07%. Institutions hold 75.50% 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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