Alcoa Corp (NYSE:AA) currently has a daily average trading volume of 5.83M but it saw 6058561 shares traded in last market. With a market cap of 7.91B USD, the company’s current market price of $30.63 came rising about 4.86 while comparing to the previous closing price of $29.21. In past 52 weeks, the stock remained buoying in the range of price level as high as $45.48 and as low as $23.07. In the recent trading on the day, stock has struck highest price mark of $29.55 while lowest mark touched by it was $30.66.
Taking a look at 20-day trading activity of Alcoa Corp (AA) gives us an average price of $33.42, while its current price level is -32.65% below from 52-week high level whereas it is 32.77% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $37.77 while that of 200 days or SMA-200 reads an average of $32.58. A closer look into the stock’s movement over the week reveals that its volatility is standing at 5.14% during that period while stretching the period over a month that decreases to 4.26%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 36.05 which implies that the stock is in neutral territory.
Morgan Stanley upgraded its recommendation for the stock as a “Overweight” from “Equal-Weight” on June 21, 2024 while assigning a price target range of $36.50-$50. Morgan Stanley also issued its recommendations for the stock as it upgraded the price target for the stock in the range of between $28.50 and $36.50.
Over the week, AA’s stock price is moving -2.67% down while it is -20.36% when we observe its performance for the past one month. Year-to-date it is -9.91% down and over the past year, the stock is showing a downside performance of -7.82%.
The latest quarterly earnings report issued by the company reported quarterly earnings per share (EPS) of -1.14 beaten by the consensus estimate of -1.02 for the same. In next quarter, company is expected to be making quarterly sales of $2.98B as analysts are expecting the sales for current fiscal year at $11.4B and seeing the company making $11.55B in sales next year. Moreover, analysts are in estimates of $3B for current-quarter revenue.
Currently, Alcoa Corp’s total number of outstanding shares is 258.34M with 0.76% of that held by the insiders while 60.52% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -8.64% and return on equity (ROE) at -12.58%. It has a 11.58 of forward P/E ratio. Stock’s beta reads 2.42. Stock has a price to book (P/B) ratio of 1.41 while price to sale or P/S ratio amounts to 0.74. Its return on asset (ROA) is -3.87% on average.
