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The closing price of Alcoa Corp (NYSE: AA) was $40.35 for the day, down -4.09% from the previous closing price of $42.07. In other words, the price has decreased by -$4.09 from its previous closing price. On the day, 11.24 million shares were traded. AA stock price reached its highest trading level at $42.95 during the session, while it also had its lowest trading level at $40.0201.
Ratios:
Our analysis of AA’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 0.80 and its Current Ratio is at 1.41. In the meantime, Its Debt-to-Equity ratio is 0.56 whereas as Long-Term Debt/Eq ratio is at 0.47.
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 the company, B. Riley Securities on Oct-18-24, Upgraded its rating to Buy and sets its target price to $50 from $41 previously.
On October 01, 2024, BofA Securities Upgraded its rating to Buy which previously was Neutral and also upped its target price recommendation from $43 to $52.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Mar 13 ’24 when Jones Tammi A sold 26,468 shares for $30.78 per share. The transaction valued at 814,582 led to the insider holds 41,166 shares of the business.
Jones Tammi A sold 1,440 shares of AA for $44,165 on Mar 13 ’24. The EVP & CHRO now owns 9,265 shares after completing the transaction at $30.67 per share.
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 10424018944 and an Enterprise Value of 10973092864. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.95 while its Price-to-Book (P/B) ratio in mrq is 1.86. Its current Enterprise Value per Revenue stands at 0.997 whereas that against EBITDA is 10.381.
Stock Price History:
Over the past 52 weeks, AA has reached a high of $45.48, while it has fallen to a 52-week low of $23.07. The 50-Day Moving Average of the stock is 16.25%, while the 200-Day Moving Average is calculated to be 17.18%.
Shares Statistics:
AA traded an average of 6.20M shares per day over the past three months and 5643610 shares per day over the past ten days. A total of 258.34M shares are outstanding, with a floating share count of 256.35M. Insiders hold about 0.77% of the company’s shares, while institutions hold 62.51% stake in the company. Shares short for AA as of 1727654400 were 10003252 with a Short Ratio of 1.61, compared to 1724976000 on 11370782. Therefore, it implies a Short% of Shares Outstanding of 10003252 and a Short% of Float of 4.5900002.
Dividends & Splits
With its trailing 12-month dividend rate of 0.1, AA has a forward annual dividend rate of 0.40. Against a Trailing Annual Dividend Yield of 0.0023769909
