The pursuit of outperformance leads many investors to carefully choose individual stocks. Picking the right ones can be a game-changer for growing your wealth.
The price of Alcoa Corp (NYSE: AA) closed at $38.35 in the last session, down -0.67% from day before closing price of $38.61. In other words, the price has decreased by -$0.67 from its previous closing price. On the day, 1.9 million shares were traded. AA stock price reached its highest trading level at $38.58 during the session, while it also had its lowest trading level at $38.07.
Ratios:
We take a closer look at AA’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 0.80 and its Current Ratio is at 1.41. In the meantime, Its Debt-to-Equity ratio is 0.56 whereas as Long-Term Debt/Eq ratio is at 0.47.
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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. 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 9907913728 and an Enterprise Value of 11408146432. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.91 while its Price-to-Book (P/B) ratio in mrq is 1.89. Its current Enterprise Value per Revenue stands at 1.037 whereas that against EBITDA is 10.662.
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 -9.20%, while the 200-Day Moving Average is calculated to be 1.71%.
Shares Statistics:
According to the various share statistics, AA traded on average about 4.71M shares per day over the past 3-months and 4313370 shares per day over the past 10 days. A total of 258.35M shares are outstanding, with a floating share count of 256.40M. Insiders hold about 0.76% of the company’s shares, while institutions hold 74.47% stake in the company. Shares short for AA as of 1732838400 were 8452238 with a Short Ratio of 1.77, compared to 1730332800 on 8781677. Therefore, it implies a Short% of Shares Outstanding of 8452238 and a Short% of Float of 3.88.
Dividends & Splits
The forward annual dividend rate for AA is 0.40, which was 0.4 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 0.01036001
