Extracted Insight: Algoma Steel Group Inc. (NASDAQ:ASTL) stock surged 63.5% from $3.40 to $5.62 after InvestingPro’s Fair Value models flagged it as 49% undervalued in Oct 2025; the rally was driven by a defence joint‑venture launch, Canadian government support measures for the steel sector, Jefferies initiating coverage with a Hold rating and a C$6.00 price target, and the appointment of CFO Rajat Marwah as the next CEO. The company, with a $592 m market cap, reported $1.59 bn revenue, –$306.5 m EBITDA and –$5.10 EPS at the time of identification, later reporting revenue of $1.34 bn and EPS of –$7.40. The stock recovered 77.6% from its 52‑week low of $3.02, surpassing the Fair Value estimate of $5.06.
