Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.
In the latest session, Alcoa Corp (NYSE: AA) closed at $35.71 down -6.00% from its previous closing price of $37.99. In other words, the price has decreased by -$6.00 from its previous closing price. On the day, 7.48 million shares were traded. AA stock price reached its highest trading level at $37.94 during the session, while it also had its lowest trading level at $35.3752.
Ratios:
For a deeper understanding of Alcoa Corp’s stock, let’s take a closer look at its various ratios. 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.
On October 17, 2024, B. Riley Securities Upgraded its rating to Buy which previously was Neutral and also upped its target price recommendation from $41 to $50.
BofA Securities Upgraded its Neutral to Buy on October 01, 2024, whereas the target price for the stock was revised from $43 to $52.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. 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. On Mar 13 ’24, another insider, Jones Tammi A, who serves as the EVP & CHRO of the company, sold 26,468 shares for $30.78 each. As a result, the insider received 814,582 and left with 41,166 shares of the company.
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 9225857024 and an Enterprise Value of 10857850880. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.79 while its Price-to-Book (P/B) ratio in mrq is 1.76. Its current Enterprise Value per Revenue stands at 0.987 whereas that against EBITDA is 10.148.
Stock Price History:
Over the past 52 weeks, AA has reached a high of $47.77, while it has fallen to a 52-week low of $24.86. The 50-Day Moving Average of the stock is -14.59%, while the 200-Day Moving Average is calculated to be -5.73%.
Shares Statistics:
For the past three months, AA has traded an average of 4.47M shares per day and 3561430 over the past ten days. A total of 258.35M shares are outstanding, with a floating share count of 256.40M. Insiders hold about 0.76% of the company’s shares, while institutions hold 74.48% stake in the company. Shares short for AA as of 1734048000 were 8328174 with a Short Ratio of 1.86, compared to 1731628800 on 8795231. Therefore, it implies a Short% of Shares Outstanding of 8328174 and a Short% of Float of 3.82.
Dividends & Splits
According to the company, the forward annual dividend rate for AA is 0.40, from 0.4 in the trailing year. Against a Trailing Annual Dividend Yield of 0.010529086
