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.
The closing price of Alcoa Corp (NYSE: AA) was $35.93 for the day, down -0.28% from the previous closing price of $36.03. In other words, the price has decreased by -$0.28 from its previous closing price. On the day, 3.26 million shares were traded. AA stock price reached its highest trading level at $36.87 during the session, while it also had its lowest trading level at $35.32.
Ratios:
Our analysis of AA’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 8.16 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 221.02. For the most recent quarter (mrq), Quick Ratio is recorded 0.86 and its Current Ratio is at 1.45. In the meantime, Its Debt-to-Equity ratio is 0.49 whereas as Long-Term Debt/Eq ratio is at 0.48.
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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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 9282695168 and an Enterprise Value of 11651000320. 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 1.77. Its current Enterprise Value per Revenue stands at 1.059 whereas that against EBITDA is 10.889.
Stock Price History:
The Beta on a monthly basis for AA is 2.55, which has changed by 0.33990335 over the last 52 weeks, in comparison to a change of 0.20587826 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 $24.86. The 50-Day Moving Average of the stock is -8.09%, while the 200-Day Moving Average is calculated to be -5.65%.
Shares Statistics:
AA traded an average of 4.77M shares per day over the past three months and 6070320 shares per day over the past ten days. A total of 258.36M shares are outstanding, with a floating share count of 256.22M. Insiders hold about 0.83% of the company’s shares, while institutions hold 68.33% stake in the company. Shares short for AA as of 1735603200 were 8240146 with a Short Ratio of 1.90, compared to 1732838400 on 8452238. Therefore, it implies a Short% of Shares Outstanding of 8240146 and a Short% of Float of 3.7800000000000002.
Dividends & Splits
The current Payout Ratio is 153.85% for AA, which recently paid a dividend on 2024-10-29 with an ex-dividend date of 1730160000. Stock splits for the company last occurred on 2016-11-01 when the company split stock in a 1000:801 ratio.
