The price of Alcoa Corp (NYSE: AA) closed at $27.21 in the last session, up 3.38% from day before closing price of $26.32. In other words, the price has increased by $+0.89 from its previous closing price. On the day, 6012141 shares were traded.
Ratios:
We take a closer look at AA’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 0.74 and its Current Ratio is at 1.45. In the meantime, Its Debt-to-Equity ratio is 0.46 whereas as Long-Term Debt/Eq ratio is at 0.43.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, UBS on January 16, 2024, initiated with a Sell rating and assigned the stock a target price of $29.
On December 07, 2023, HSBC Securities started tracking the stock assigning a Hold rating and target price of $29.
BofA Securities Downgraded its Buy to Neutral on October 23, 2023, whereas the target price for the stock was revised from $35 to $25.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, AA now has a Market Capitalization of 4.89B and an Enterprise Value of 5.86B. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.46 while its Price-to-Book (P/B) ratio in mrq is 1.14. Its current Enterprise Value per Revenue stands at 0.56 whereas that against EBITDA is 37.79.
Stock Price History:
Over the past 52 weeks, AA has reached a high of $55.74, while it has fallen to a 52-week low of $23.07. The 50-Day Moving Average of the stock is 29.56, while the 200-Day Moving Average is calculated to be 30.06.
Shares Statistics:
According to the various share statistics, AA traded on average about 6.45M shares per day over the past 3-months and 5.83M shares per day over the past 10 days. A total of 178.47M shares are outstanding, with a floating share count of 177.38M. Insiders hold about 1.21% of the company’s shares, while institutions hold 84.40% stake in the company. Shares short for AA as of Feb 15, 2024 were 11.22M with a Short Ratio of 1.74, compared to 10.92M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 6.29% and a Short% of Float of 7.23%.
Dividends & Splits
The forward annual dividend rate for AA is 0.40, which was 0.40 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 1.52%, it implies a Forward Annual Dividend Yield of 1.47%.
Earnings Estimates
The company has 6 analysts who recommend its stock at the moment. On average, analysts expect EPS of -$0.32 for the current quarter, with a high estimate of -$0.22 and a low estimate of -$0.53, while EPS last year was -$0.23. The consensus estimate for the next quarter is $0.03, with high estimates of $0.14 and low estimates of -$0.13.
Analysts are recommending an EPS of between $0.75 and -$0.61 for the fiscal current year, implying an average EPS of $0.25. EPS for the following year is $2.03, with 9 analysts recommending between $3.29 and $0.78.
Revenue Estimates
According to 6 analysts, the current quarter’s revenue is expected to be $2.54B. It ranges from a high estimate of $2.72B to a low estimate of $2.33B. As of the current estimate, Alcoa Corp’s year-ago sales were $2.73B, an estimated decrease of -6.90% from the year-ago figure. For the next quarter, 5 analysts are estimating revenue of $2.66B, a decrease of -1.10% over than the figure of -$6.90% in the same quarter last year. There is a high estimate of $2.85B for the next quarter, whereas the lowest estimate is $2.44B.
A total of 10 analysts have provided revenue estimates for AA’s current fiscal year. The highest revenue estimate was $11.26B, while the lowest revenue estimate was $9.63B, resulting in an average revenue estimate of $10.61B. In the same quarter a year ago, actual revenue was $10.55B, up 0.60% from the average estimate. Based on 10 analysts’ estimates, the company’s revenue will be $11.14B in the next fiscal year. The high estimate is $12.6B and the low estimate is $9.98B. The average revenue growth estimate for next year is up 4.90% from the average revenue estimate for this year.
