Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
After finishing at $23.32 in the prior trading day, Alcoa Corp (NYSE: AA) closed at $23.30, down -0.09%. In other words, the price has decreased by -$0.09 from its previous closing price. On the day, 7.07 million shares were traded. AA stock price reached its highest trading level at $23.55 during the session, while it also had its lowest trading level at $22.68.
Ratios:
Our goal is to gain a better understanding of AA by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 5.02 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 17.33. For the most recent quarter (mrq), Quick Ratio is recorded 1.00 and its Current Ratio is at 1.71. In the meantime, Its Debt-to-Equity ratio is 0.46 whereas as Long-Term Debt/Eq ratio is at 0.44.
On October 23, 2024, Argus Upgraded its rating to Buy which previously was Hold but kept the price unchanged to $48.
B. Riley Securities Upgraded its Neutral to Buy on October 17, 2024, whereas the target price for the stock was revised from $41 to $50.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Oct 22 ’24 when Bacchi Renato sold 23,867 shares for $42.29 per share. The transaction valued at 1,009,431 led to the insider holds 57,317 shares of the business.
Bacchi Renato bought 23,867 shares of AA for $1,009,430 on Oct 22 ’24.
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 6037216256 and an Enterprise Value of 7622825984. As of this moment, Alcoa’s Price-to-Earnings (P/E) ratio for their current fiscal year is 6.97, and their Forward P/E ratio for the next fiscal year is 8.69. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.16. 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 1.17. Its current Enterprise Value per Revenue stands at 0.602 whereas that against EBITDA is 3.33.
Stock Price History:
The Beta on a monthly basis for AA is 2.31, which has changed by -0.35385472 over the last 52 weeks, in comparison to a change of 0.017286062 over the same period for the S&P500. Over the past 52 weeks, AA has reached a high of $47.77, while it has fallen to a 52-week low of $21.53. The 50-Day Moving Average of the stock is -26.21%, while the 200-Day Moving Average is calculated to be -35.42%.
Shares Statistics:
The stock has traded on average 5.95M shares per day over the past 3-months and 8787710 shares per day over the last 10 days, according to various share statistics. A total of 258.88M shares are outstanding, with a floating share count of 256.75M. Insiders hold about 0.82% of the company’s shares, while institutions hold 69.66% stake in the company. Shares short for AA as of 1743379200 were 11073548 with a Short Ratio of 1.86, compared to 1740700800 on 11420724. Therefore, it implies a Short% of Shares Outstanding of 11073548 and a Short% of Float of 4.78.
Dividends & Splits
In the trailing 12 months, AA’s forward annual dividend rate was 0.4, compared to 0.40 this year. Against a Trailing Annual Dividend Yield of 0.01715266The current Payout Ratio is 142.65% for AA, which recently paid a dividend on 2025-03-04 with an ex-dividend date of 1741046400. Stock splits for the company last occurred on 2016-11-01 when the company split stock in a 1000:801 ratio.
