Algoma Steel Group Inc (NASDAQ:ASTL) price on Wednesday, April 30, rose 0.89% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $5.11.
A look at the stock’s price movement, the close in the last trading session was $5.07, moving within a range at $4.27 and $5.2. Turning to its 52-week performance, $12.14 and $4.17 were the 52-week high and 52-week low respectively. Overall, ASTL moved -5.63% over the past month.
Algoma Steel Group Inc’s market cap currently stands at around $536.36 million, with investors looking forward to this quarter’s earnings report slated for on 2025-Apr-28. The company has a Forward Dividend ratio of 0.20, with its dividend yield at 3.91%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Wall Street analysts have also projected the company’s year-on-year revenue to grow to 2.9B, representing a 23.06% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that ASTL is a 50% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
1 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 1 recommend ASTL as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
ASTL’s current price about 4.80% and -12.53% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 46.30, while 7-day volatility ratio is 9.46% and 8.50% in the 30-day chart. Further, Algoma Steel Group Inc (ASTL) has a beta value of 1.58, and an average true range (ATR) of 0.39.
If we refocus on Algoma Steel Group Inc (NASDAQ:ASTL), historical trading data shows that trading volumes averaged 1.03 over the past 10 days and 1.12 million over the past 3 months. The company’s latest data on shares outstanding shows there are 104.86 million shares.
The 14.19% of Algoma Steel Group Inc’s shares are in the hands of company insiders while institutional holders own 81.49% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 3.81 million on 2025-04-15, giving us a short ratio of 3.77. The data shows that as of 2025-04-15 short interest in Algoma Steel Group Inc (ASTL) stood at 488.00003 of shares outstanding, with shares short rising to 2.84 million registered in 2025-03-14. Current price change has pushed the stock -47.70% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the ASTL stock continues to rise going into the next quarter.
