12 Month Price Forecast For ASTL
Distance to ASTL Price Forecasts
ASTL Price Momentum
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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
ASTL Price Target Range
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
Growth & Margins
Financial Health
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Algoma Steel Group Inc. (ASTL) Company Overview
About Algoma Steel Group Inc.
Produces and sells steel products in North America.
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.
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.comAlgoma Steel Group Inc. (ASTL) Latest News & Analysis
Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) has issued guidance for Q4 2024, ending December 31. All financial amounts are in Canadian dollars.
Algoma Steel's quarterly guidance impacts revenue expectations and stock performance, influencing investor sentiment and potential market valuation adjustments.
Algoma Steel Group to Participate in the Inaugural B. Riley Securities Energy Convergence Conference
2 months agoAlgoma 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.
Algoma Steel's participation in a prominent conference highlights its strategic initiatives and investor engagement, potentially influencing market perceptions and stock performance.
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.
The earnings call provides insights into Algoma Steel's financial performance, which can influence stock valuation, investor sentiment, and future growth expectations.
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.
Algoma's consistent quarterly results and timely EAF commissioning signal operational stability. The fiscal year-end change could affect financial reporting and investor projections.
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.
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.
Wall Street analysts set a price target for Legato Merger (ASTL) indicating a potential upside of 57.8%, supported by positive earnings estimate revisions.
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.
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.