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As of close of business last night, Alcoa Corp’s stock clocked out at $37.65, up 2.09% from its previous closing price of $36.88. In other words, the price has increased by $2.09 from its previous closing price. On the day, 5.74 million shares were traded. AA stock price reached its highest trading level at $38.2 during the session, while it also had its lowest trading level at $36.65.
Ratios:
To gain a deeper understanding of AA’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.93 and its Current Ratio is at 1.61. In the meantime, Its Debt-to-Equity ratio is 0.64 whereas as Long-Term Debt/Eq ratio is at 0.62.
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, Morgan Stanley on April 22, 2024, Upgraded its rating to Equal-Weight and sets its target price to $36.50 from $28.50 previously.
On January 16, 2024, UBS started tracking the stock assigning a Sell rating and target price of $29.
On December 07, 2023, HSBC Securities started tracking the stock assigning a Hold rating and target price of $29.HSBC Securities initiated its Hold rating on December 07, 2023, with a $29 target price.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future 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 6760396800 and an Enterprise Value of 9480093696. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.64 while its Price-to-Book (P/B) ratio in mrq is 1.58. Its current Enterprise Value per Revenue stands at 0.905 whereas that against EBITDA is 18.372.
Stock Price History:
The Beta on a monthly basis for AA is 2.45, which has changed by 0.055212975 over the last 52 weeks, in comparison to a change of 0.24191546 over the same period for the S&P500. Over the past 52 weeks, AA has reached a high of $38.20, while it has fallen to a 52-week low of $23.07. The 50-Day Moving Average of the stock is 17.92%, while the 200-Day Moving Average is calculated to be 26.63%.
Shares Statistics:
It appears that AA traded 6.37M shares on average per day over the past three months and 7583940 shares per day over the past ten days. A total of 178.47M shares are outstanding, with a floating share count of 177.41M. Insiders hold about 1.20% of the company’s shares, while institutions hold 84.37% stake in the company. Shares short for AA as of 1713139200 were 15412810 with a Short Ratio of 2.42, compared to 1710460800 on 13178700. Therefore, it implies a Short% of Shares Outstanding of 15412810 and a Short% of Float of 11.05.
Dividends & Splits
With its trailing 12-month dividend rate of 0.4, AA has a forward annual dividend rate of 0.40. Against a Trailing Annual Dividend Yield of 0.010845987
Earnings Estimates
Current recommendations for the stock of the company come from 7.0 analysts. On average, analysts expect EPS of $0.02 for the current quarter, with a high estimate of $0.35 and a low estimate of -$0.19, while EPS last year was -$0.35. The consensus estimate for the next quarter is $0.29, with high estimates of $0.73 and low estimates of $0.13.
Analysts are recommending an EPS of between $0.69 and -$0.64 for the fiscal current year, implying an average EPS of $0.08. EPS for the following year is $2.27, with 10.0 analysts recommending between $3.82 and $1.41.
Revenue Estimates
In the current quarter, 6 analysts expect revenue to total $2.72B. It ranges from a high estimate of $2.87B to a low estimate of $2.58B. As of the current estimate, Alcoa Corp’s year-ago sales were $2.69BFor the next quarter, 6 analysts are estimating revenue of $2.8B. There is a high estimate of $2.92B for the next quarter, whereas the lowest estimate is $2.53B.
A total of 10 analysts have provided revenue estimates for AA’s current fiscal year. The highest revenue estimate was $11.32B, while the lowest revenue estimate was $10.27B, resulting in an average revenue estimate of $10.91B. In the same quarter a year ago, actual revenue was $10.55BBased on 10 analysts’ estimates, the company’s revenue will be $11.23B in the next fiscal year. The high estimate is $12.24B and the low estimate is $10.03B.
