Algoma Steel Group is a holding company. Through its subsidiaries, Co. is an integrated steel producer of hot and cold rolled steel products. Co. manufactures semi-finished and finished flat steel sheet and plate products. Co.'s coil sheet steel products include a variety of widths, gauges and grades, and are available unprocessed form as well as with temper processing for hot rolled coil, annealed and full hard cold-rolled coil, hot-rolled pickled and oiled products, floor plate and cut-to-length products. Co.'s plate steel products consist of various carbon-manganese, high-strength and low-alloy grades, and are sold in the as-rolled condition as well as subsequent heat-treated conditions. We show 1 historical shares outstanding datapoints in our ASTL shares outstanding history coverage, used to compute ASTL market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing ASTL market cap history over the course of time is important for investors
interested in comparing ASTL's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of ASTL versus a peer is one thing; comparing
ASTL market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like ASTL can fluctuate over the course of history.
With this page we aim to empower investors researching ASTL by allowing them to research the ASTL market cap history. |
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Video: The Importance of Market Cap
