For those desiring to outshine the market, the strategic selection of individual stocks is paramount. Well-chosen stocks have the potential to substantially boost your wealth.
The price of Alcoa Corp (NYSE: AA) closed at $35.55 in the last session, down -1.50% from day before closing price of $36.09. In other words, the price has decreased by -$1.50 from its previous closing price. On the day, 12.51 million shares were traded. AA stock price reached its highest trading level at $37.48 during the session, while it also had its lowest trading level at $35.21.
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.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. 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 6383322624 and an Enterprise Value of 9035322368. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.60 while its Price-to-Book (P/B) ratio in mrq is 1.49. Its current Enterprise Value per Revenue stands at 0.856 whereas that against EBITDA is 15.211.
Stock Price History:
Over the past 52 weeks, AA has reached a high of $42.23, while it has fallen to a 52-week low of $23.07. The 50-Day Moving Average of the stock is 16.51%, while the 200-Day Moving Average is calculated to be 19.88%.
Shares Statistics:
According to the various share statistics, AA traded on average about 6.35M shares per day over the past 3-months and 6965510 shares per day over the past 10 days. A total of 178.47M shares are outstanding, with a floating share count of 177.40M. Insiders hold about 1.20% of the company’s shares, while institutions hold 85.26% stake in the company. Shares short for AA as of 1711584000 were 14365673 with a Short Ratio of 2.26, compared to 1709164800 on 11837869. Therefore, it implies a Short% of Shares Outstanding of 14365673 and a Short% of Float of 10.299999999999999.
Dividends & Splits
The forward annual dividend rate for AA is 0.40, which was 0.4 in the trailing 12 months.
Earnings Estimates
The current rating of Alcoa Corp (AA) is the result of assessments by Boeing Company (The) analysts actively engaged in evaluating its market dynamics.The consensus estimate for the next quarter is $13.89, with high estimates of $6.84 and low estimates of $20.60.
Analysts are recommending an EPS of between $Basic Materials and $Technology for the fiscal current year, implying an average EPS of $Industrials.
