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.
Alcoa Corp (NYSE: AA) closed the day trading at $33.67 down -2.04% from the previous closing price of $34.37. In other words, the price has decreased by -$2.04 from its previous closing price. On the day, 4.3 million shares were traded.
Ratios:
For a better understanding of AA, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 6.92 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 207.54. 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 0.54 whereas as Long-Term Debt/Eq ratio is at 0.52.
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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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:
For the stock, the TTM Price-to-Sale (P/S) ratio is 0.71 while its Price-to-Book (P/B) ratio in mrq is 1.69.
Stock Price History:
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 -8.53%, while the 200-Day Moving Average is calculated to be -11.52%.
Shares Statistics:
A total of 258.36M shares are outstanding, with a floating share count of 256.75M. Insiders hold about 0.83% of the company’s shares, while institutions hold 69.85% stake in the company.
