NASDAQ:ASTL Algoma Steel Group (ASTL) Stock Price, News & Analysis → Better than Bitcoin? The Biotech Stock with 46,751% Potential (From Behind the Markets) (Ad) Free astl Stock Alerts $7.80 +0.02 (+0.26%) (As of 03:27 PM ET) Add Compare Share Share Today's Range$7.74▼$7.9250-Day Range$7.59▼$8.7852-Week Range$6.34▼$10.25Volume184,179 shsAverage Volume605,627 shsMarket Capitalization$811.98 millionP/E Ratio78.00Dividend Yield2.56%Price TargetN/A Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesOptions ChainOwnershipSEC FilingsShort InterestSocial Media Get Algoma Steel Group alerts: Email Address Algoma Steel Group MarketRank™ Stock AnalysisAnalyst RatingN/AUpside/DownsideN/AShort InterestHealthy3.35% of Shares Sold ShortDividend StrengthWeakBased on Four FactorsSustainabilityN/ANews Sentiment1.31Based on 3 Articles This WeekInsider TradingN/AProj. Earnings Growth-5.19%From $0.77 to $0.73 Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.3.03 out of 5 starsBasic Materials Sector50th out of 170 stocksBlast Furnaces & Steel Mills Industry3rd out of 12 stocks N/A Analyst's Opinion Consensus RatingThere is not enough analysis data for Algoma Steel Group. Previous Next 4.0 Short Interest Percentage of Shares Shorted3.35% of the outstanding shares of Algoma Steel Group have been sold short.Short Interest Ratio / Days to CoverAlgoma Steel Group has a short interest ratio ("days to cover") of 6.Change versus previous monthShort interest in Algoma Steel Group has recently decreased by 6.18%, indicating that investor sentiment is improving significantly. Previous Next 1.7 Dividend Strength Dividend YieldAlgoma Steel Group pays a meaningful dividend of 2.59%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthAlgoma Steel Group does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Algoma Steel Group is 200.00%. Payout ratios above 75% are not desirable because they may not be sustainable.Dividend SustainabilityBased on earnings estimates, Algoma Steel Group will have a dividend payout ratio of 27.40% next year. This indicates that Algoma Steel Group will be able to sustain or increase its dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for ASTL. Previous Next 3.5 News and Social Media Coverage News SentimentAlgoma Steel Group has a news sentiment score of 1.31. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.28 average news sentiment score of Basic Materials companies.News Coverage This WeekMarketBeat has tracked 3 news articles for Algoma Steel Group this week, compared to 1 article on an average week.Search Interest1 people have searched for ASTL on MarketBeat in the last 30 days. MarketBeat FollowsOnly 2 people have added Algoma Steel Group to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Algoma Steel Group insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 7.77% of the stock of Algoma Steel Group is held by insiders.Percentage Held by Institutions72.00% of the stock of Algoma Steel Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for Algoma Steel Group are expected to decrease by -5.19% in the coming year, from $0.77 to $0.73 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Algoma Steel Group is 78.00, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 138.89.Price to Earnings Ratio vs. SectorThe P/E ratio of Algoma Steel Group is 78.00, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 133.95.Price to Book Value per Share RatioAlgoma Steel Group has a P/B Ratio of 0.73. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here Ad Stansberry ResearchMove Your Money Before May 1Did you know that the IRS has allegedly been using AI to spy on the bank accounts of American citizens? Click here to get the full story before May 1. About Algoma Steel Group Stock (NASDAQ:ASTL)Algoma Steel Group Inc. produces and sells steel products primarily in North America. The company provides flat/sheet steel products, including temper rolling, cold rolled, hot-rolled pickled and oiled products, floor plate, and cut-to-length products for the automotive industry, hollow structural product manufacturers, and the light manufacturing and transportation industries; and plate steel products that consist of rolled, hot-rolled, and heat-treated for use in the construction or manufacture of railcars, buildings, bridges, off-highway equipment, storage tanks, ships, and military applications. Algoma Steel Group Inc. was founded in 1901 and is headquartered in Sault Ste. Marie, Canada.Read More ASTL Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart ASTL Stock News HeadlinesApril 21, 2024 | americanbankingnews.comAlgoma Steel Group (NASDAQ:ASTL) Shares Gap Up to $7.86March 26, 2024 | globenewswire.comAlgoma Steel Inc. Announces Pricing of US$350 Million 9.125% Senior Secured Second Lien Notes due 2029April 26, 2024 | Stansberry Research (Ad)Move Your Money Before May 1Did you know that the IRS has allegedly been using AI to spy on the bank accounts of American citizens? March 25, 2024 | finanznachrichten.deAlgoma Steel Inc: Algoma Steel Provides Fiscal Fourth Quarter 2024 GuidanceMarch 25, 2024 | markets.businessinsider.comAlgoma Steel Inc. Announces Proposed Offering of US$350 Million of Senior Secured Second Lien Notes due 2029March 25, 2024 | globenewswire.comCORRECTION: Dividend Payment Date Adjustment Due to Canadian Statutory HolidayMarch 25, 2024 | globenewswire.comAlgoma Steel Provides Fiscal Fourth Quarter 2024 GuidanceMarch 15, 2024 | seekingalpha.comAlgoma Steel: Underpriced From Both Cyclical And EAF PerspectivesApril 26, 2024 | Stansberry Research (Ad)Move Your Money Before May 1Did you know that the IRS has allegedly been using AI to spy on the bank accounts of American citizens? February 26, 2024 | globenewswire.comAlgoma Steel Group to Participate in the BMO 33rd Global Metals, Mining & Critical Minerals ConferenceFebruary 19, 2024 | ca.finance.yahoo.comASTL Apr 2024 8.000 putFebruary 14, 2024 | globenewswire.comAlgoma Resumes Normal Steel ProductionFebruary 9, 2024 | theglobeandmail.comAlgoma Steel says five workers sent to hospital after casthouse incidentFebruary 9, 2024 | globenewswire.comAlgoma Addresses Casthouse IncidentFebruary 7, 2024 | seekingalpha.comAlgoma Steel Group Inc. 2024 Q3 - Results - Earnings Call PresentationFebruary 5, 2024 | finance.yahoo.comDonald Smith & Co. Bolsters Stake in Algoma Steel Group IncFebruary 5, 2024 | benzinga.comEarnings Outlook For Algoma Steel GrFebruary 5, 2024 | benzinga.comAlgoma Steel Gr's Earnings OutlookJanuary 25, 2024 | markets.businessinsider.comAlgoma Steel Group’s Resilience Justifies Buy Rating Amid Short-Term Operational HurdlesJanuary 23, 2024 | seekingalpha.comAlgoma Steel resumes limited production at Ontario coke-making plantJanuary 23, 2024 | finance.yahoo.comAlgoma Steel Provides Update on Incident at Coke-Making PlantJanuary 20, 2024 | finance.yahoo.comAlgoma Steel Reports Incident at Coke-Making PlantJanuary 3, 2024 | finance.yahoo.comAlgoma Steel Provides Fiscal Third Quarter 2024 GuidanceDecember 30, 2023 | seekingalpha.comASTL.WT:CA Algoma Steel Group Inc. WT EXP 101926December 21, 2023 | finance.yahoo.comAlgoma Steel Group Announces Director RetirementNovember 28, 2023 | seekingalpha.comASTL Algoma Steel Group Inc.November 23, 2023 | seekingalpha.comAlgoma Steel: Solid Earnings Results And Increased TransparencySee More Headlines Receive ASTL Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Algoma Steel Group and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Last Earnings2/06/2024Ex-Dividend for 3/29 Dividend2/28/2024Dividend Payable3/29/2024Today4/26/2024Next Earnings (Estimated)6/19/2024Fiscal Year End3/31/2025Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorBasic Materials Industry Blast furnaces & steel mills Sub-IndustryN/A Current SymbolNASDAQ:ASTL CUSIPN/A CIK1860805 Webwww.algoma.com Phone705-945-2351FaxN/AEmployees2,847Year FoundedN/AProfitability EPS (Most Recent Fiscal Year)$0.10 Trailing P/E Ratio77.80 Forward P/E Ratio10.10 P/E GrowthN/ANet Income$225.82 million Net Margins2.05% Pretax Margin2.98% Return on Equity3.84% Return on Assets2.22% Debt Debt-to-Equity Ratio0.09 Current Ratio2.88 Quick Ratio0.98 Sales & Book Value Annual Sales$2.10 billion Price / Sales0.39 Cash Flow$2.90 per share Price / Cash Flow2.68 Book Value$10.68 per share Price / Book0.73Miscellaneous Outstanding Shares104,100,000Free Float96,014,000Market Cap$809.90 million OptionableOptionable Beta1.52 Ten Starter Stocks For Beginners to Buy NowJust getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.Get This Free Report Key ExecutivesMr. Michael Dennis Garcia (Age 59)CEO & Director Comp: $1.02MMr. Rajat Marwah (Age 50)Chief Financial Officer Comp: $537.3kMr. John Ralph Naccarato (Age 57)VP of Strategy & Chief Legal Officer Comp: $527.65kMichael MoracaTreasurer & Investor Relations OfficerMs. Brenda StentaManager of Communications & BrandingMr. Rory Brandow (Age 64)Vice President of Sales Ms. Danielle BakerChief Human Resource OfficerMr. Mike PanzeriSenior Vice President of ProductionMore ExecutivesKey CompetitorsMetallusNYSE:MTUSLithium Americas (Argentina)NYSE:LAACCVR PartnersNYSE:UANCritical MetalsNASDAQ:CRMLEnergy FuelsNYSE:UUUUView All CompetitorsInstitutional OwnershipSimplex Trading LLCBought 14,200 shares on 4/25/2024Ownership: 0.000%Quadrature Capital LtdBought 11,352 shares on 3/25/2024Ownership: 0.011%Bain Capital Credit LPSold 777,552 shares on 2/15/2024Ownership: 2.002%Gendell Jeffrey LSold 273,891 shares on 2/15/2024Ownership: 1.682%Black Maple Capital Management LPSold 17,000 shares on 2/15/2024Ownership: 0.028%View All Institutional Transactions ASTL Stock Analysis - Frequently Asked Questions Should I buy or sell Algoma Steel Group stock right now? 1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Algoma Steel Group in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" ASTL shares. View ASTL analyst ratings or view top-rated stocks. How have ASTL shares performed in 2024? Algoma Steel Group's stock was trading at $10.03 at the start of the year. Since then, ASTL stock has decreased by 22.2% and is now trading at $7.80. View the best growth stocks for 2024 here. Are investors shorting Algoma Steel Group? Algoma Steel Group saw a decrease in short interest in April. As of April 15th, there was short interest totaling 3,490,000 shares, a decrease of 6.2% from the March 31st total of 3,720,000 shares. Based on an average daily trading volume, of 584,500 shares, the days-to-cover ratio is currently 6.0 days. View Algoma Steel Group's Short Interest. When is Algoma Steel Group's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Wednesday, June 19th 2024. View our ASTL earnings forecast. How were Algoma Steel Group's earnings last quarter? Algoma Steel Group Inc. (NASDAQ:ASTL) posted its earnings results on Tuesday, February, 6th. The company reported ($0.57) earnings per share (EPS) for the quarter. The company had revenue of $452.07 million for the quarter, compared to the consensus estimate of $453.22 million. Algoma Steel Group had a net margin of 2.05% and a trailing twelve-month return on equity of 3.84%. How often does Algoma Steel Group pay dividends? What is the dividend yield for Algoma Steel Group? Algoma Steel Group declared a quarterly dividend on Tuesday, February 6th. Shareholders of record on Thursday, February 29th will be paid a dividend of $0.05 per share on Friday, March 29th. This represents a $0.20 annualized dividend and a yield of 2.56%. The ex-dividend date of this dividend is Wednesday, February 28th. Read our dividend analysis for ASTL. Is Algoma Steel Group a good dividend stock? Algoma Steel Group (NASDAQ:ASTL) pays an annual dividend of $0.20 per share and currently has a dividend yield of 2.59%. The dividend payout ratio is 200.00%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, ASTL will have a dividend payout ratio of 27.40% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for ASTL. What ETF holds Algoma Steel Group's stock? VanEck Steel ETF holds 116,088 shares of ASTL stock, representing 0.83% of its portfolio. Who are Algoma Steel Group's major shareholders? Algoma Steel Group's stock is owned by a variety of retail and institutional investors. Top institutional investors include Simplex Trading LLC (0.00%). How do I buy shares of Algoma Steel Group? Shares of ASTL stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. This page (NASDAQ:ASTL) was last updated on 4/26/2024 by MarketBeat.com Staff From Our PartnersThese AI trades triggered this morning (545% return)Prosper Trading AcademyThe Best AI Stock to Own in the World Today is Trading for Just $25Banyan Hill PublishingConflict In Israel Sends Gold Soaring ???? Here’s How To Get Your ShareColonial MetalsRed Alert: Your Money's Disappearance Act - Banks' Greed Unleashed!Priority GoldExposed: 10 CENT Crypto to Explode April 20th?True Market InsidersThe A.I. story nobody is telling you (Read ASAP)TradeSmithDid You Get Your Free Bitcoin Yet?Crypto Swap ProfitsTrump is sounding the alarmPreserve Gold Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. 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