Algoma Steel Group Inc. (ASTL) concluded trading on 03/15/23 at a closing price of $7.64, with 2.04 million shares of worth about $15.62 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -16.32% during that period and on Wednesday the price saw a loss of about -5.80%. Currently the company’s common shares owned by public are about 103.57M shares, out of which, 94.19M shares are available for trading.
A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 5 analysts are covering the ASTL stock and their offered price forecasts bring an average price target of $13.50. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $15.50 and could fall to a lowest price of $11.00. The stock’s current price level is 43.41% above of average price target set by the analysts, while a rise to estimated low would result in gain of 30.55% for the stock. However, touching the estimated high of $15.50 would mean a gain of 50.71% for the stock.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 74 times over the past 12 months. They bought 2,006,094 shares in 46 of the transactions. In 28 selling transactions, insiders dumped 1,932,007 shares.
EHP Advantage Alternative Fund, General American Investors Fund, and Fidelity Capital & Income Fund are the top 3 mutual funds which are holding stakes in Algoma Steel Group Inc. EHP Advantage Alternative Fund is currently holding 0.97 million shares of worth totaling $7.82 million. The company recently came selling -0.12 million shares which brought its stake up to 0.94% of the company’s outstanding shares. Fidelity Capital & Income Fund, after buying 0.64 million shares, have now control over 0.62% of the stake in the company. It holds 0.0 shares of worth $5.12 million.
Algoma Steel Group Inc. (NASDAQ: ASTL) started trading at $7.90, below -$0.21 from concluding price of the previous day. However, the stock later moved at a day high price of 7.99, or with a loss of -5.80%. Stock saw a price change of -9.05% in past 5 days and over the past one month there was a price change of -6.03%. Year-to-date (YTD), ASTL shares are showing a performance of 20.50% which decreased to -23.68% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $5.64 but also hit the highest price of $12.50 during that period. The average intraday trading volume for Algoma Steel Group Inc. shares is 1.35 million. The stock is currently trading -5.26% below its 20-day simple moving average (SMA20), while that difference is up 0.44% for SMA50 and it goes to -3.31% lower than SMA200.
Algoma Steel Group Inc. (NASDAQ: ASTL) currently have 103.57M outstanding shares and institutions hold larger chunk of about 65.80% of that. Holding of mutual funds in the company is about — while other institutional holders and individual stake holders have control over — and — of the stake respectively.
The stock has a current market capitalization of $826.34M. PE ratio of stock for trailing 12 months is 2.20, while it has posted earnings per share of $3.48 in the same period. It has Quick Ratio of 1.50 while making debt-to-equity ratio of 0.08. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for ASTL, volatility over the week remained 4.62% while standing at 5.06% over the month.
Analysts are in expectations that Algoma Steel Group Inc. (ASTL) stock would likely to be making an EPS of -$0.46 in the current quarter, while forecast for next quarter EPS is -$0.14 and it is $1.19 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.52 which is -$0.41 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.92 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 953.70% while it is estimated to increase by 1.32% in next year.
Analysts at 5 brokerage firms have issued recommendations for the Algoma Steel Group Inc. (ASTL)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.40. Out of those 5 Wall Street analysts, 2 recommended a “Buy” rating, while 2 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
