Alcoa Corp (NYSE: AA) kicked off on Friday, up 4.31% from the previous trading day, before settling in for the closing price of $32.52. Over the past 52 weeks, AA has traded in a range of $23.07-$45.48.
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Annual sales at Basic Materials sector company slipped by -2.77% over the past five years. While this was happening, its average annual earnings per share was recorded 124.05%. With a float of $256.33 million, this company’s outstanding shares have now reached $258.34 million.
Let’s look at the performance matrix of the company that is accounted 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 Updates
Our next focus will be how large-scale investors are participating in this stock of the Aluminum Industry. The insider ownership of Alcoa Corp is 0.79%, while institutional ownership is 63.86%. 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) Performance Highlights and Predictions
According to the Wall Street analysts, stocks earnings will be around 124.05% per share during the next fiscal year.
Alcoa Corp (NYSE: AA) Trading Performance Indicators
Take a look at Alcoa Corp’s (AA) current performance indicators. Last quarter, stock had a quick ratio of 0.92. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.82.
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 2.61 in one year’s time.
Technical Analysis of Alcoa Corp (AA)
Alcoa Corp (NYSE: AA) saw its 5-day average volume 4.74 million, a negative change from its year-to-date volume of 6.09 million. As of the previous 9 days, the stock’s Stochastic %D was 62.48%. Additionally, its Average True Range was 1.37.
During the past 100 days, Alcoa Corp’s (AA) raw stochastic average was set at 37.04%, which indicates a significant decrease from 87.33% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 38.96% in the past 14 days, which was lower than the 43.81% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $35.57, while its 200-day Moving Average is $33.00. Nevertheless, the first resistance level for the watch stands at $34.51 in the near term. At $35.10, the stock is likely to face the second major resistance level. The third major resistance level sits at $36.10. If the price goes on to break the first support level at $32.92, it is likely to go to the next support level at $31.92. Assuming the price breaks the second support level, the third support level stands at $31.33.
Alcoa Corp (NYSE: AA) Key Stats
The company with the Market Capitalisation of 8.76 billion has total of 179,560K Shares Outstanding. Its annual sales at the moment are 10,551 M in contrast with the sum of -651,000 K annual income. Company’s last quarter sales were recorded 2,906 M and last quarter income was 20,000 K.
