Those determined to outshine the market strategically focus on the selection of individual stocks. Well-chosen stocks have the potential to substantially boost your wealth.
As of close of business last night, Alcoa Corp’s stock clocked out at $37.32, up 1.50% from its previous closing price of $36.77. In other words, the price has increased by $1.50 from its previous closing price. On the day, 3.64 million shares were traded. AA stock price reached its highest trading level at $37.9383 during the session, while it also had its lowest trading level at $37.005.
Ratios:
To gain a deeper understanding of AA’s stock, we examine its different ratios. 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:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. 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 6701179392 and an Enterprise Value of 9483167744. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.63 while its Price-to-Book (P/B) ratio in mrq is 1.68. Its current Enterprise Value per Revenue stands at 0.905 whereas that against EBITDA is 16.814.
Stock Price History:
Over the past 52 weeks, AA has reached a high of $38.20, while it has fallen to a 52-week low of $23.07. The 50-Day Moving Average of the stock is 13.85%, while the 200-Day Moving Average is calculated to be 25.46%.
Shares Statistics:
It appears that AA traded 6.51M shares on average per day over the past three months and 6456390 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 84.23% stake in the company. Shares short for AA as of 1713139200 were 15412810 with a Short Ratio of 2.37, compared to 1710460800 on 13178700. Therefore, it implies a Short% of Shares Outstanding of 15412810 and a Short% of Float of 11.05.
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 0.0108784335
