Algoma Steel Group Stock Today
| ASTL Stock | USD 10.67 0.04 0.37% |
Performance2 of 100
| Odds Of DistressLess than 30
|
Algoma Steel is selling for 10.67 as of the 28th of November 2024. This is a 0.37 percent decrease since the beginning of the trading day. The stock's lowest day price was 10.65. Algoma Steel has about a 30 percent probability of financial distress in the next few years of operation and did not have a very good performance during the last 90 trading days. Equity ratings for Algoma Steel Group are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 9th of December 2022 and ending today, the 28th of November 2024. Click here to learn more.
Business Domain Materials | IPO Date 20th of October 2021 | Category Basic Materials |
Algoma Steel Group Inc. produces and sells steel products primarily in North America. Algoma Steel Group Inc. was founded in 1901 and is headquartered in Sault Ste. Algoma Steel operates under Steel classification in the United States and is traded on NASDAQ Exchange. The company has 104.42 M outstanding shares of which 4.36 M shares are presently shorted by private and institutional investors with about 7.42 trading days to cover. More on Algoma Steel Group
Moving against Algoma Stock
Follow Valuation Profit Patterns Odds of Bankruptcy
Check how we calculate scores
Algoma Stock Highlights
ESG Sustainability
Environmental | Governance | Social |
| Thematic Ideas | (View all Themes) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Diversified Metals & Mining, Materials, Basic Materials, NASDAQ Composite, Karachi All Share, SP TSX Composite, Iron, Steel Works Etc, Materials, Metals & Mining, Steel, Basic Materials (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial Strength
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt LevelsAlgoma Steel can leverage the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Algoma Steel's financial leverage. It provides some insight into what part of Algoma Steel's total assets is financed by creditors.
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Algoma Steel Group (ASTL) is traded on NASDAQ Exchange in USA. It is located in 105 West Street, Sault Ste. Marie, ON, Canada, P6A 7B4 and employs 2,844 people. Algoma Steel is listed under Diversified Metals & Mining category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a current market capitalization of 1.12 B. Algoma Steel Group conducts business under Metals & Mining sector and is part of Materials industry. The entity has 104.42 M outstanding shares of which 4.36 M shares are presently shorted by private and institutional investors with about 7.42 trading days to cover.
Algoma Steel Group currently holds about 1.14 B in cash with 294.9 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 10.79, which can makes it an attractive takeover target, given it will continue generating positive cash flow.
Check Algoma Steel Probability Of Bankruptcy
Ownership AllocationAlgoma Steel holds a total of 104.42 Million outstanding shares. The majority of Algoma Steel Group outstanding shares are owned by other corporate entities. These outside corporations are usually referred to as non-private investors looking to acquire positions in Algoma Steel Group to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in Algoma Steel. Please pay attention to any change in the institutional holdings of Algoma Steel Group as this could imply that something significant has changed or is about to change at the company. Please note that no matter how many assets the company secures, if the real value of the firm is less than the current market value, you may not be able to make money on it.
Check Algoma Ownership Details
Algoma Stock Institutional Holders
| Instituion | Recorded On | Shares | |
| Tcw Group Inc | 2024-09-30 | 1.9 M | |
| Blackrock Inc | 2024-06-30 | 1.8 M | |
| Aegis Financial Corporation | 2024-09-30 | 1.5 M | |
| Bain Capital Credit | 2024-09-30 | 1.4 M | |
| Littlejohn & Co Llc | 2024-09-30 | 1.4 M | |
| Intact Investment Management, Inc. | 2024-09-30 | 1.3 M | |
| J. Goldman & Co Lp | 2024-09-30 | 1.2 M | |
| Jb Capital Partners Lp | 2024-09-30 | 992.2 K | |
| Solas Capital Management Llc | 2024-09-30 | 990.6 K | |
| Donald Smith & Co Inc | 2024-09-30 | 8.1 M | |
| Mmcap International Inc. Spc | 2024-09-30 | 7 M |
Algoma Steel Historical Income Statement
Algoma Stock Against Markets
Algoma Steel Corporate Management
| Michael Garcia | CEO Director | Profile | |
| Rory Brandow | Vice Sales | Profile | |
| Brenda Stenta | Manager Branding | Profile | |
| Rajat Marwah | Chief Officer | Profile | |
| Mike Panzeri | Senior Production | Profile | |
| Michael Moraca | Treasurer Officer | Profile | |
| Loris Molino | VP Services | Profile |
Already Invested in Algoma Steel Group?
The danger of trading Algoma Steel Group is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Algoma Steel is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Algoma Steel. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Algoma Steel Group is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Algoma Steel Group is a strong investment it is important to analyze Algoma Steel's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Algoma Steel's future performance. For an informed investment choice regarding Algoma Stock, refer to the following important reports: Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Algoma Steel Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate. You can also try the Volatility Analysis module to get historical volatility and risk analysis based on latest market data.
Is Diversified Metals & Mining space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Algoma Steel. If investors know Algoma will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Algoma Steel listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.93) | Dividend Share 0.236 | Earnings Share (1.03) | Revenue Per Share 22.941 | Quarterly Revenue Growth (0.18) |
The market value of Algoma Steel Group is measured differently than its book value, which is the value of Algoma that is recorded on the company's balance sheet. Investors also form their own opinion of Algoma Steel's value that differs from its market value or its book value, called intrinsic value, which is Algoma Steel's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Algoma Steel's market value can be influenced by many factors that don't directly affect Algoma Steel's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Algoma Steel's value and its price as these two are different measures arrived at by different means. Investors typically determine if Algoma Steel is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Algoma Steel's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.