On Friday, Alcoa Corp (NYSE: AA) was 0.09% up from the session before settling in for the closing price of $32.09. A 52-week range for AA has been $23.07 – $45.48.
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During the last 5-year period, the sales drop of Basic Materials Sector giant was -2.77%. When this article was written, the company’s average yearly earnings per share was at 124.69%. With a float of $256.13 million, this company’s outstanding shares have now reached $258.34 million.
Let’s determine the extent of company efficiency that accounts for 13600 employees. In terms of profitability, gross margin is 2.56%, operating margin of -1.47%, and the pretax margin is -5.04%.
Alcoa Corp (AA) Insider Activity
Also, it is sometimes useful to examine the sentiment of large-scale investors toward Alcoa Corp stocks. The insider ownership of Alcoa Corp is 0.79%, while institutional ownership is 64.29%. The most recent insider transaction that took place on Mar 13 ’24, was worth 814,582. In this transaction EVP & CHRO of this company sold 26,468 shares at a rate of $30.78, taking the stock ownership to the 41,166 shares. Before that another transaction happened on Mar 13 ’24, when Company’s EVP & CHRO sold 1,440 for $30.67, making the entire transaction worth $44,165. This insider now owns 9,265 shares in total.
Alcoa Corp (AA) Earnings and Forecasts
According to the Wall Street analysts, stocks earnings will be around 124.69% per share during the next fiscal year.
Alcoa Corp (NYSE: AA) Trading Performance Indicators
You can see what Alcoa Corp (AA) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 0.92. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.77.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -3.08, a number that is poised to hit 0.48 in the next quarter and is forecasted to reach 2.64 in one year’s time.
Technical Analysis of Alcoa Corp (AA)
Looking closely at Alcoa Corp (NYSE: AA), its last 5-days average volume was 5.05 million, which is a drop from its year-to-date volume of 6.13 million. As of the previous 9 days, the stock’s Stochastic%D was 89.96%. Additionally, its Average True Range was 1.38.
During the past 100 days, Alcoa Corp’s (AA) raw stochastic average was set at 27.23%, which indicates a significant decrease from 77.52% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 53.85% in the past 14 days, which was higher than the 43.62% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $36.32, while its 200-day Moving Average is $32.81. However, in the short run, Alcoa Corp’s stock first resistance to watch stands at $32.46. Second resistance stands at $32.80. The third major resistance level sits at $33.18. If the price goes on to break the first support level at $31.74, it is likely to go to the next support level at $31.36. Should the price break the second support level, the third support level stands at $31.02.
Alcoa Corp (NYSE: AA) Key Stats
There are 179,560K outstanding shares of the company, which has a market capitalization of 8.30 billion. As of now, sales total 10,551 M while income totals -651,000 K. Its latest quarter income was 2,906 M while its last quarter net income were 20,000 K.
