Algoma Steel Group Inc (NASDAQ:ASTL) shares, rose in value, with the stock price up by 1.91% to the previous day’s close as strong demand from buyers drove the stock to $4.80.
Actively observing the price movement in the last trading, the stock closed the session at $4.71, falling within a range of $4.75 and $4.89. The value of beta (5-year monthly) was 1.577. Referring to stock’s 52-week performance, its high was $12.14, and the low was $4.17. On the whole, ASTL has fluctuated by -26.27% over the past month.
With the market capitalization of Algoma Steel Group Inc currently standing at about $503.33 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Mar-11. The company’s Forward Dividend Ratio is 0.20, with its dividend yield at 4.17%.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that ASTL’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of ASTL currently trading nearly -7.80% and -24.42% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 38.25, while the 7-day volatility ratio is showing 4.77% which for the 30-day chart, stands at 6.86%. Furthermore, Algoma Steel Group Inc (ASTL)’s beta value is 1.59, and its average true range (ATR) is 0.37.
A comparison of Algoma Steel Group Inc (ASTL) with its peers suggests the former has fared considerably weaker in the market. ASTL showed an intraday change of 1.91% in last session, and over the past year, it shrunk by -37.25%%.
Data on historical trading for Algoma Steel Group Inc (NASDAQ:ASTL) indicates that the trading volumes over the past 10 days have averaged 1.24 and over the past 3 months, they’ve averaged 1.04 million. According to company’s latest data on outstanding shares, there are 104.86 million shares outstanding.
Nearly 14.19% of Algoma Steel Group Inc’s shares belong to company insiders and institutional investors own 81.31% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 3.41 million shares as on 2025-03-31, resulting in a short ratio of 2.4. According to the data, the short interest in Algoma Steel Group Inc (ASTL) stood at 437.00 of shares outstanding as of 2025-03-31; the number of short shares registered in 2025-02-28 reached 3.6 million. The stock has fallen by -50.92% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the ASTL stock heading into the next quarter.
