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Algoma Steel Group Inc. (ASTL) Stock Forecast & Price Prediction

Live ASTL Stock Price & Analysis

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$8.36

-0.06 (-0.71%)

12 Month Price Forecast For ASTL

$8.36
Current Price
$882.37M
Market Cap
3 Ratings
Buy 3
Hold 0
Sell 0
Wall St Analyst Ratings

Distance to ASTL Price Forecasts

N/A
To High Target of $N/A
N/A
To Median Target of $N/A
N/A
To Low Target of $N/A

ASTL Price Momentum

-3.4%
1 Week Change
-5.2%
1 Month Change
+0.1%
1 Year Change
-14.5%
Year-to-Date Change
-31.1%
From 52W High of $12.14
+25.3%
From 52W Low of $6.67

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Disclaimer: The information provided by Ticker Nerd is for educational and informational purposes only. It should not be considered financial or investment advice. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance.

Data last updated: February 6, 2025 11:12 AM UTC

ASTL Analyst Ratings & Price Targets

Based on our analysis of 1 Wall Street analysts, ASTL has a consensus that is bullish. The median price target is $0.00, with forecasts ranging from $0.00 to $0.00. Currently, there are 3 Buy ratings, 0 Hold ratings, and 0 Sell ratings.

With ASTL currently trading at $8.36, the median price forecast suggests a -100.0% downside. The most optimistic forecast comes from at , projecting a -100.0% downside, while at provides the most conservative target, suggesting a -100.0% downside.

Please note that analyst price targets are forward-looking estimates subject to substantial market, economic, and company-specific risks. Past performance does not guarantee future results, and actual stock performance may materially differ from these projections. Investors should conduct their own due diligence and consider their investment objectives and risk tolerance before making investment decisions.

ASTL Analyst Consensus

3
Buy
0
Hold
0
Sell

ASTL Price Target Range

Low
N/A
Average
N/A
High
N/A
Current: $8.36

Latest ASTL Stock Forecasts by Analyst

These are the latest 20 analyst ratings and price targets for ASTL.

Date Firm Analyst Rating Change Price Target
Jun 23, 2023 Stifel Ian Gillies Buy Maintains $14.25

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The following stocks are similar to Algoma Steel based on their market capitalization and industry sector. These similar stocks potentially provide investors with alternative investment opportunities within the same market segment.

Algoma Steel Group Inc. (ASTL) Financial Data

Algoma Steel Group Inc. has a market capitalization of $882.37M with a P/E ratio of 17.8x. The company generates $1.74B in trailing twelve-month revenue with a -6.3% profit margin.

Revenue growth is -18.1% quarter-over-quarter, while maintaining an operating margin of -16.9% and return on equity of -10.4%.

Valuation Metrics

Market Cap $882.37M
Enterprise Value $735.50M
P/E Ratio 17.8x
PEG Ratio 8.3x
Price/Sales 0.4x

Growth & Margins

Revenue Growth (YoY) -18.1%
Gross Margin -7.8%
Operating Margin -16.9%
Net Margin -6.3%
EPS Growth -18.1%

Financial Health

Cash/Price Ratio +51.8%
Current Ratio 3.3x
Debt/Equity 44.3x
ROE -10.4%
ROA -3.5%

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Algoma Steel Group Inc. logo

Algoma Steel Group Inc. (ASTL) Company Overview

About Algoma Steel Group Inc.

What They Do

Produces and sells steel products in North America.

Business Model

The company generates revenue by manufacturing and selling a variety of steel products, including flat/sheet steel and plate steel, to sectors such as automotive, construction, and transportation. Their diverse product offerings cater to both industrial and commercial clients, ensuring a steady demand for their products.

Additional Information

Founded in 1901 and headquartered in Sault Ste. Marie, Canada, Algoma Steel has a long-standing presence in the steel industry. The company focuses on high-quality steel production, which positions it favorably within the competitive landscape.

Company Information

Sector

Basic Materials

Industry

Steel

Employees

2,844

CEO

Mr. Michael Dennis Garcia

Country

Canada

IPO Year

2021

Website

algoma.com

Algoma Steel Group Inc. (ASTL) Latest News & Analysis

ASTL stock latest news image
Quick Summary

Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) has issued guidance for Q4 2024, ending December 31. All financial amounts are in Canadian dollars.

Why It Matters

Algoma Steel's quarterly guidance impacts revenue expectations and stock performance, influencing investor sentiment and potential market valuation adjustments.

Source: GlobeNewsWire
Market Sentiment: Neutral
ASTL stock latest news image
Quick Summary

Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) will participate in the B. Riley Securities Energy Convergence Conference on December 4, 2024, posting the presentation on its investor website.

Why It Matters

Algoma Steel's participation in a prominent conference highlights its strategic initiatives and investor engagement, potentially influencing market perceptions and stock performance.

Source: GlobeNewsWire
Market Sentiment: Neutral
ASTL stock latest news image
Quick Summary

Algoma Steel Group Inc. will hold its Q2 2025 earnings call on November 7, 2024, at 11:00 AM ET, featuring key executives and analysts from various firms.

Why It Matters

The earnings call provides insights into Algoma Steel's financial performance, which can influence stock valuation, investor sentiment, and future growth expectations.

Source: Seeking Alpha
Market Sentiment: Neutral
ASTL stock latest news image
Quick Summary

Algoma Steel Group reported second-quarter results in line with expectations. EAF commissioning is on track for Q4 2024, with project budget fully contracted. Fiscal year-end changes to December 31, 2024.

Why It Matters

Algoma's consistent quarterly results and timely EAF commissioning signal operational stability. The fiscal year-end change could affect financial reporting and investor projections.

Source: GlobeNewsWire
Market Sentiment: Neutral
ASTL stock latest news image
Quick Summary

Algoma Steel Group Inc. will release its fiscal 2025 Q2 financial results on November 6, 2024, with a conference call on November 7 at 11:00 a.m. ET for discussion and Q&A.

Why It Matters

The upcoming financial results release from Algoma Steel may impact stock performance, providing insights into profitability, market trends, and future guidance crucial for investment decisions.

Source: GlobeNewsWire
Market Sentiment: Neutral
ASTL stock latest news image
Quick Summary

Wall Street analysts set a price target for Legato Merger (ASTL) indicating a potential upside of 57.8%, supported by positive earnings estimate revisions.

Why It Matters

The 57.8% potential upside in price targets suggests significant growth potential for Legato Merger (ASTL), while positive earnings revisions could further boost investor confidence and stock performance.

Source: Zacks Investment Research
Market Sentiment: Positive

Frequently Asked Questions About ASTL Stock

What is Algoma Steel Group Inc.'s (ASTL) stock forecast for 2025?

Analyst forecasts for Algoma Steel Group Inc. (ASTL) are not currently available. The stock is trading at $8.36.

Is ASTL stock a good investment in 2025?

According to current analyst ratings, ASTL has 3 Buy ratings, 0 Hold ratings, and 0 Sell ratings. The stock is currently trading at $8.36. Always conduct your own research and consider your investment goals before making investment decisions.

What is the price prediction for ASTL stock?

Price predictions from Wall Street analysts for ASTL are not currently available. The stock is trading at $8.36.

What is Algoma Steel Group Inc.'s business model?

The company generates revenue by manufacturing and selling a variety of steel products, including flat/sheet steel and plate steel, to sectors such as automotive, construction, and transportation. Their diverse product offerings cater to both industrial and commercial clients, ensuring a steady demand for their products.

What is the highest forecasted price for ASTL Algoma Steel Group Inc.?

Price targets from Wall Street analysts for ASTL are not currently available. The stock is trading at $8.36.

What is the lowest forecasted price for ASTL Algoma Steel Group Inc.?

Price targets from Wall Street analysts for ASTL are not currently available. The stock is trading at $8.36.

What is the overall ASTL consensus from analysts for Algoma Steel Group Inc.?

The overall analyst consensus for ASTL is bullish. Out of 1 Wall Street analysts, 3 rate it as Buy, 0 as Hold, and 0 as Sell.

How accurate are ASTL stock price projections?

Stock price projections, including those for Algoma Steel Group Inc., are based on various factors including financial models, market conditions, and analyst forecasts. While these predictions provide valuable insights, they should be considered alongside your own research and risk tolerance.