For those aiming to surpass market returns, the art of stock picking is crucial. Making wise choices in stocks can greatly enhance your overall wealth.
The closing price of Alcoa Corp (NYSE: AA) was $36.06 for the day, down -0.80% from the previous closing price of $36.35. In other words, the price has decreased by -$0.80 from its previous closing price. On the day, 7.56 million shares were traded. AA stock price reached its highest trading level at $36.3948 during the session, while it also had its lowest trading level at $34.51.
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 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:
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 6474897920 and an Enterprise Value of 9247023104. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.61 while its Price-to-Book (P/B) ratio in mrq is 1.51. Its current Enterprise Value per Revenue stands at 0.882 whereas that against EBITDA is 17.921.
Stock Price History:
Over the past 52 weeks, AA has reached a high of $38.54, while it has fallen to a 52-week low of $23.07. The 50-Day Moving Average of the stock is 15.66%, while the 200-Day Moving Average is calculated to be 21.43%.
Shares Statistics:
AA traded an average of 6.44M shares per day over the past three months and 8160290 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 84.66% stake in the company. Shares short for AA as of 1711584000 were 14365673 with a Short Ratio of 2.23, 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
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 0.011004128
