Those aspiring to outpace the market meticulously engage in the process of selecting individual stocks. Strategic choices can be instrumental in accelerating your wealth.
As of close of business last night, Alcoa Corp’s stock clocked out at $36.38, up 0.14% from its previous closing price of $36.33. In other words, the price has increased by $0.14 from its previous closing price. On the day, 4.37 million shares were traded.
Ratios:
To gain a deeper understanding of AA’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 8.26 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 223.78. 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 0.49 whereas as Long-Term Debt/Eq ratio is at 0.48.
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:
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 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 0.80 while its Price-to-Book (P/B) ratio in mrq is 1.79.
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 -4.52%, while the 200-Day Moving Average is calculated to be -4.49%.
Shares Statistics:
A total of 258.36M shares are outstanding, with a floating share count of 256.13M. Insiders hold about 0.86% of the company’s shares, while institutions hold 70.60% stake in the company.
