NASDAQ:ASTL Algoma Steel Group (ASTL) Stock Price, News & Analysis $8.67 +0.04 (+0.46%) (As of 07/26/2024 ET) Add Compare Share Share Today's Range$8.59▼$8.7750-Day Range$6.87▼$8.8852-Week Range$6.34▼$10.25Volume314,945 shsAverage Volume520,684 shsMarket Capitalization$902.72 millionP/E Ratio27.97Dividend Yield2.31%Price TargetN/A Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesOptions ChainOwnershipSEC FilingsShort InterestTrendsStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesOptions ChainOwnershipSEC FilingsShort InterestTrends Get Algoma Steel Group alerts: Email Address Algoma Steel Group MarketRank™ Stock AnalysisAnalyst RatingN/AUpside/DownsideN/AShort InterestBearish2.97% of Shares Sold ShortDividend StrengthModerateBased on Four FactorsSustainabilityN/ANews Sentiment1.56Based on 5 Articles This WeekInsider TradingN/AProj. Earnings GrowthGrowingFrom ($0.25) to $0.87 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.2.92 out of 5 starsBasic Materials Sector99th out of 175 stocksBlast Furnaces & Steel Mills Industry9th out of 13 stocks N/A Analyst's Opinion Consensus RatingThere is not enough analysis data for Algoma Steel Group.Read more about Algoma Steel Group's stock forecast and price target. Previous Next 2.0 Short Interest Percentage of Shares Shorted2.97% 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 7.6.Change versus previous monthShort interest in Algoma Steel Group has recently increased by 2.66%, indicating that investor sentiment is decreasing. Previous Next 2.5 Dividend Strength Dividend YieldAlgoma Steel Group pays a meaningful dividend of 2.33%, 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 64.52%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Algoma Steel Group will have a dividend payout ratio of 22.99% next year. This indicates that Algoma Steel Group will be able to sustain or increase its dividend.Read more about Algoma Steel Group's 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 3.1 News and Social Media Coverage News SentimentAlgoma Steel Group has a news sentiment score of 1.56. 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 0.33 average news sentiment score of Basic Materials companies.News Coverage This WeekMarketBeat has tracked 5 news articles for Algoma Steel Group this week, compared to 1 article on an average week.Search InterestOnly 1 people have searched for ASTL on MarketBeat 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.Read more about Algoma Steel Group's insider trading history. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for Algoma Steel Group are expected to grow in the coming year, from ($0.25) to $0.87 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Algoma Steel Group is 27.97, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 142.35.Price to Earnings Ratio vs. SectorThe P/E ratio of Algoma Steel Group is 27.97, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 140.30.Price to Book Value per Share RatioAlgoma Steel Group has a P/B Ratio of 0.81. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.Read more about Algoma Steel Group's valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad WealthPressNew trading system called MSFT, NVDA & MSFTLook 2023 kind of sucked from a trading standpoint… Despite the market finishing 24% higher…. Just seven stocks did all of the work… Unless you were holding or actively trading those 7 stocks, your trading year probably wasn’t as fruitful as you had hoped… According to my research, my new trading system would have spotted all seven of the “Magnificent stocks” MONTHS before they reached the highs they are trading at today.Just follow this link here! 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 HeadlinesJune 26, 2024 | seekingalpha.comAlgoma Steel: Canadian Steel At 3.5 Times The LTM EBITDAJune 24, 2024 | globenewswire.comAlgoma Steel Group to Participate at the Stifel Canada's 3rd Annual Summer Solstice ConferenceJuly 26, 2024 | Crypto Swap Profits (Ad)625,000% GainImagine swapping your daily coffee expense for a future free of financial worries. It might seem far-fetched, but results like this are within reach with the right knowledge and timing in the altcoin market. Plus, you’ll get $10 in real Bitcoin when you stay to the end of the call and take a short quiz.June 20, 2024 | globenewswire.comAlgoma Steel Group Reports Fiscal Fourth Quarter and Full Year 2024 Financial ResultsJune 11, 2024 | globenewswire.comAlgoma Steel Appoints Erin Oliver as Vice President - Health and SafetyJune 6, 2024 | globenewswire.comAlgoma Steel to Announce Fiscal 2024 Fourth Quarter and Full Year Results June 20, 2024May 1, 2024 | msn.comRyerson Holding declares $0.1875 dividendMarch 26, 2024 | globenewswire.comAlgoma Steel Inc. Announces Pricing of US$350 Million 9.125% Senior Secured Second Lien Notes due 2029July 26, 2024 | Crypto Swap Profits (Ad)625,000% GainImagine swapping your daily coffee expense for a future free of financial worries. It might seem far-fetched, but results like this are within reach with the right knowledge and timing in the altcoin market. Plus, you’ll get $10 in real Bitcoin when you stay to the end of the call and take a short quiz.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 PerspectivesFebruary 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 incidentSee 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 Earnings6/22/2024Ex-Dividend for 7/19 Dividend7/02/2024Dividend Payable7/19/2024Today7/26/2024Next Earnings (Estimated)8/08/2024Fiscal 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/AEmployees2,844Year FoundedN/AProfitability EPS (Most Recent Fiscal Year)$0.31 Trailing P/E Ratio27.97 Forward P/E RatioN/A P/E GrowthN/ANet Income$77.99 million Net Margins3.81% Pretax Margin5.18% Return on Equity7.01% Return on Assets4.00% Debt Debt-to-Equity Ratio0.08 Current Ratio2.95 Quick Ratio1.06 Sales & Book Value Annual Sales$2.07 billion Price / Sales0.44 Cash Flow$1.58 per share Price / Cash Flow5.48 Book Value$10.70 per share Price / Book0.81Miscellaneous Outstanding Shares104,120,000Free Float96,033,000Market Cap$902.72 million OptionableOptionable Beta1.47 Reduce the RiskMarket downturns give many investors pause, and for good reason. 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Click the link below to learn more about using beta to protect yourself.Get This Free Report Key ExecutivesMr. Michael Dennis Garcia (Age 59)CEO & Director Comp: $1.02MMr. Rajat Marwah (Age 50)Chief Financial Officer Comp: $538.73kMr. John Ralph Naccarato (Age 57)VP of Strategy & Chief Legal Officer Comp: $529.06kMichael 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:MTUSSunCoke EnergyNYSE:SXCTitan InternationalNYSE:TWIPOSCONYSE:PKXNucorNYSE:NUEView All CompetitorsInstitutional OwnershipTCW Group Inc.Sold 396,243 shares on 7/19/2024Ownership: 1.954%DekaBank Deutsche GirozentraleSold 1,787 shares on 6/4/2024Ownership: 0.020%Goldentree Asset Management LPSold 81,799 shares on 5/28/2024Ownership: 2.395%Boston PartnersBought 34,548 shares on 5/28/2024Ownership: 0.060%Yaupon Capital Management LPBought 902,573 shares on 5/17/2024Ownership: 0.867%View All Institutional Transactions ASTL Stock Analysis - Frequently Asked Questions How have ASTL shares performed this year? Algoma Steel Group's stock was trading at $10.03 at the beginning of the year. Since then, ASTL shares have decreased by 13.6% and is now trading at $8.67. View the best growth stocks for 2024 here. How were Algoma Steel Group's earnings last quarter? Algoma Steel Group Inc. (NASDAQ:ASTL) issued its quarterly earnings results on Saturday, June, 22nd. The company reported $0.07 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.08. The firm had revenue of $460.35 million for the quarter, compared to the consensus estimate of $439.82 million. Algoma Steel Group had a trailing twelve-month return on equity of 7.01% and a net margin of 3.81%. Who are Algoma Steel Group's major shareholders? Top institutional investors of Algoma Steel Group include TCW Group Inc. (1.95%). How do I buy shares of Algoma Steel Group? Shares of ASTL stock can be purchased through any online brokerage account. 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