Algoma Steel Group Stock Today
| ASTL Stock | USD 7.86 0.01 0.13% |
Performance0 of 100
| Odds Of DistressLess than 6
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Algoma Steel is selling for 7.86 as of the 18th of April 2024. This is a 0.13 percent increase since the beginning of the trading day. The stock's lowest day price was 7.78. Algoma Steel has only a 6 % chance of going through financial distress over the next few years, but has generated negative returns over the last 90 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 21st of October 2023 and ending today, the 18th of April 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 104.04 M outstanding shares of which 3.72 M shares are presently shorted by private and institutional investors with about 5.84 trading days to cover. More on Algoma Steel Group
Moving against Algoma Stock
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Follow Valuation Options Odds of Bankruptcy
Financial Report 19th of June 2024
Algoma Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Algoma Steel's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Algoma Steel or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Thematic Idea | Steel Works Etc (View all Themes) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Diversified Metals & Mining, Materials, Basic Materials, NASDAQ Composite, SP TSX Composite, Steel Works Etc, Materials, Metals & Mining, Steel, Basic Materials (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation Analysts covering Algoma Steel report their recommendations after researching Algoma Steel's financial statements, talking to executives and customers, or listening in on Algoma Steel's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Algoma Steel Group. The Algoma consensus assessment is calculated by taking the average forecast from all of the analysts covering Algoma Steel. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Financial Strength Based on the analysis of Algoma Steel's profitability, liquidity, and operating efficiency, Algoma Steel Group may be sliding down financialy. It has an above-average likelihood of going through some form of financial trouble next quarter. Financial strength of Algoma Steel Group is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
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Algoma Steel's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Algoma Steel's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial leverage usually refers to 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.
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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 2,847 people. Algoma Steel is listed under Diversified Metals & Mining category by Fama And French industry classification. The company currently falls under 'Small-Cap' category with a current market capitalization of 816.7 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Algoma Steel's market, we take the total number of its shares issued and multiply it by Algoma Steel's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Algoma Steel Group conducts business under Metals & Mining sector and is part of Materials industry. The entity has 104.04 M outstanding shares of which 3.72 M shares are presently shorted by private and institutional investors with about 5.84 trading days to cover.
Algoma Steel Group currently holds about 1.14 B in cash with 177.3 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 104.04 Million outstanding shares. Over half of Algoma Steel's outstanding shares are owned by other corporate entities. These other corporate entities are typically referred to as corporate investors that acquire positions in a given instrument to benefit from reduced trade commissions. Consequently, these institutions are subject to different rules and regulations than regular investors in Algoma Steel. Please watch out for any change in the institutional holdings of Algoma Steel Group as this could mean 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 Price Odds Analysis
Proceeding from a normal probability distribution, the odds of Algoma Steel jumping above the current price in 90 days from now is about 82.89%. The Algoma Steel Group probability density function shows the probability of Algoma Steel stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days the stock has a beta coefficient of 1.6415. This suggests as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Algoma Steel will likely underperform. Additionally, algoma Steel Group has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Algoma Steel to move above the current price in 90 days from now is about 82.89 (This Algoma Steel Group probability density function shows the probability of Algoma Stock to fall within a particular range of prices over 90 days) .
Algoma Stock Institutional Holders
Institutional Holdings refers to the ownership stake in Algoma Steel that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Algoma Steel's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Algoma Steel's value.| Instituion | Recorded On | Shares | |
| Towle & Co | 2023-12-31 | 2.1 M | |
| Sumitomo Mitsui Ds Asset Management Company, Limited | 2023-12-31 | 1.9 M | |
| Gendell Jeffrey L | 2023-12-31 | 1.8 M | |
| Aegis Financial Corporation | 2023-12-31 | 1.6 M | |
| Blackrock Inc | 2023-12-31 | 1.6 M | |
| Scheer, Rowlett & Assoc Invest Mgmt Ltd. | 2023-12-31 | 1.5 M | |
| Littlejohn & Co Llc | 2023-12-31 | 1.2 M | |
| Solas Capital Management Llc | 2023-12-31 | 1.2 M | |
| Fmr Inc | 2023-12-31 | 1.2 M | |
| Donald Smith & Co Inc | 2023-12-31 | 9.6 M | |
| Maple Rock Capital Partners, Inc. | 2023-12-31 | 6.1 M |
Algoma Steel Historical Income Statement
Algoma Steel Group Income Statement is one of the three primary financial statements used for reporting Algoma's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Algoma Steel Group revenue and expense. Algoma Steel Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Algoma Steel's Tax Provision is quite stable compared to the past year. Interest Income is expected to rise to about 16.1 M this year, although the value of Total Revenue will most likely fall to about 2.6 B. View More FundamentalsAlgoma Stock Against Markets
Picking the right benchmark for Algoma Steel stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Algoma Steel stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Algoma Steel is critical whether you are bullish or bearish towards Algoma Steel Group at a given time. Please also check how Algoma Steel's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Algoma Steel without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Algoma Steel Corporate Management
Elected by the shareholders, the Algoma Steel's board of directors comprises two types of representatives: Algoma Steel inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Algoma. The board's role is to monitor Algoma Steel's management team and ensure that shareholders' interests are well served. Algoma Steel's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Algoma Steel's outside directors are responsible for providing unbiased perspectives on the board's policies.
| 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 |
How to buy Algoma Stock?
Before investing in Algoma Steel, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Algoma Steel. To buy Algoma Steel stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Algoma Steel. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Algoma Steel stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Algoma Steel Group stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Algoma Steel Group stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Algoma Steel Group, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Algoma Stock please use our How to Invest in Algoma Steel guide.
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 tightly coupled with the direction of predictive economic indicators such as signals in estimate. You can also try the Transaction History module to view history of all your transactions and understand their impact on performance.
Complementary Tools for Algoma Stock analysis
When running Algoma Steel's price analysis, check to measure Algoma Steel's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Algoma Steel is operating at the current time. Most of Algoma Steel's value examination focuses on studying past and present price action to predict the probability of Algoma Steel's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Algoma Steel's price. Additionally, you may evaluate how the addition of Algoma Steel to your portfolios can decrease your overall portfolio volatility.
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Is Algoma Steel's industry 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 (0.34) | Dividend Share 0.266 | Earnings Share 0.46 | Revenue Per Share 26.303 | Quarterly Revenue Growth 0.084 |
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.