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After finishing at $40.96 in the prior trading day, Alcoa Corp (NYSE: AA) closed at $40.56, down -0.98%. In other words, the price has decreased by -$0.98 from its previous closing price. On the day, 3.99 million shares were traded. AA stock price reached its highest trading level at $41.19 during the session, while it also had its lowest trading level at $39.83.
Ratios:
Our goal is to gain a better understanding of AA by taking a closer look at its different 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:
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. 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 10581617664 and an Enterprise Value of 11021770752. 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 1.87. Its current Enterprise Value per Revenue stands at 1.002 whereas that against EBITDA is 10.427.
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 $23.80. The 50-Day Moving Average of the stock is 11.33%, while the 200-Day Moving Average is calculated to be 16.20%.
Shares Statistics:
The stock has traded on average 5.90M shares per day over the past 3-months and 4663850 shares per day over the last 10 days, according to various share statistics. A total of 258.34M shares are outstanding, with a floating share count of 256.38M. Insiders hold about 0.76% of the company’s shares, while institutions hold 62.48% stake in the company. Shares short for AA as of 1728950400 were 9313516 with a Short Ratio of 1.58, compared to 1726185600 on 9705780. Therefore, it implies a Short% of Shares Outstanding of 9313516 and a Short% of Float of 4.279999999999999.
Dividends & Splits
In the trailing 12 months, AA’s forward annual dividend rate was 0.4, compared to 0.50 this year. Against a Trailing Annual Dividend Yield of 0.009765625
