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.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The closing price of Alcoa Corp (NYSE: AA) was $39.70 for the day, down -0.20% from the previous closing price of $39.78. In other words, the price has decreased by -$0.20 from its previous closing price. On the day, 2.79 million shares were traded. AA stock price reached its highest trading level at $40.87 during the session, while it also had its lowest trading level at $39.54.
Ratios:
Our analysis of AA’s different ratios will help us gain a deeper understanding of the company. 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 June 21, 2024, Upgraded its rating to Overweight and sets its target price to $50 from $36.50 previously.
On April 22, 2024, Morgan Stanley Upgraded its rating to Equal-Weight which previously was Underweight and also upped its target price recommendation from $28.50 to $36.50.
On January 16, 2024, UBS started tracking the stock assigning a Sell rating and target price of $29.UBS initiated its Sell rating on January 16, 2024, with a $29 target price.
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 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 7128571392 and an Enterprise Value of 9910519808. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.67 while its Price-to-Book (P/B) ratio in mrq is 1.78. Its current Enterprise Value per Revenue stands at 0.946 whereas that against EBITDA is 17.572.
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 $23.07. The 50-Day Moving Average of the stock is 0.79%, while the 200-Day Moving Average is calculated to be 26.17%.
Shares Statistics:
AA traded an average of 5.76M shares per day over the past three months and 4746630 shares per day over the past ten days. A total of 178.47M shares are outstanding, with a floating share count of 177.54M. Insiders hold about 1.13% of the company’s shares, while institutions hold 84.75% stake in the company. Shares short for AA as of 1718323200 were 12774970 with a Short Ratio of 2.22, compared to 1715731200 on 12481857. Therefore, it implies a Short% of Shares Outstanding of 12774970 and a Short% of Float of 9.19.
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 0.0100553045
Earnings Estimates
The stock of Alcoa Corp (AA) is currently drawing attention from 8.0 analysts actively involved in the ongoing evaluation and rating process.On average, analysts expect EPS of -$0.04 for the current quarter, with a high estimate of $0.08 and a low estimate of -$0.16, while EPS last year was -$0.35. The consensus estimate for the next quarter is $0.42, with high estimates of $1.18 and low estimates of $0.05.
Analysts are recommending an EPS of between $2.02 and -$0.74 for the fiscal current year, implying an average EPS of $0.28. EPS for the following year is $2.53, with 11.0 analysts recommending between $3.77 and $1.43.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 7 analysts. It ranges from a high estimate of $2.94B to a low estimate of $2.58B. As of the current estimate, Alcoa Corp’s year-ago sales were $2.69BFor the next quarter, 7 analysts are estimating revenue of $2.9B. There is a high estimate of $3.31B for the next quarter, whereas the lowest estimate is $2.53B.
A total of 11 analysts have provided revenue estimates for AA’s current fiscal year. The highest revenue estimate was $12.09B, while the lowest revenue estimate was $10.27B, resulting in an average revenue estimate of $11.2B. In the same quarter a year ago, actual revenue was $10.55BBased on 11 analysts’ estimates, the company’s revenue will be $11.44B in the next fiscal year. The high estimate is $12.82B and the low estimate is $10.03B.
