Alcoa Corp (AA) latest performance of -6.44% is not what was on cards

Alcoa Corp (NYSE: AA) open the trading on Wednesday, with a bit cautious approach as it glided -6.44% to $32.09, before settling in for the price of $34.30 at the close. Taking a more long-term approach, AA posted a 52-week range of $23.07-$45.48.

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The Basic Materials sector firm’s twelve-monthly sales growth has been -2.77% for the last half of the decade. Nevertheless, stock’s Earnings Per Share (EPS) this year is 124.05%. This publicly-traded company’s shares outstanding now amounts to $258.34 million, simultaneously with a float of $256.33 million. The organization now has a market capitalization sitting at $8.29 billion. At the time of writing, stock’s 50-day Moving Average stood at $35.32, while the 200-day Moving Average is $33.13.

Alcoa Corp (AA) Ownership Facts and Figures

Sometimes it helps to make our mind if we keep our tabs on how bigger investors are working with the stock of the Aluminum industry. Alcoa Corp’s current insider ownership accounts for 0.78%, in contrast to 63.73% institutional ownership. According to the most recent insider trade that took place on Mar 13 ’24, this organization’s EVP & CHRO sold 26,468 shares at the rate of 30.78, making the entire transaction reach 814,582 in total value, affecting insider ownership by 41,166. Preceding that transaction, on Mar 13 ’24, Company’s EVP & CHRO sold 1,440 for 30.67, making the whole transaction’s value amount to 44,165. This particular insider is now the holder of 9,265 in total.

Alcoa Corp (AA) Earnings and Revenue Records

Alcoa Corp’s EPS increase for this current 12-month fiscal period is 124.05% and is forecasted to reach 2.61 in the upcoming year.

Alcoa Corp (NYSE: AA) Trading Performance Indicators

Let’s observe the current performance indicators for Alcoa Corp (AA). It’s Quick Ratio in the last reported quarter now stands at 0.92. The Stock has managed to achieve an average true range (ATR) of 1.41. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 0.77.

In the same vein, AA’s Diluted EPS (Earnings per Share) trailing twelve months is recorded -3.08, a figure that is expected to reach 0.48 in the next quarter, and analysts are predicting that it will be 2.61 at the market close of one year from today.

Technical Analysis of Alcoa Corp (AA)

[Alcoa Corp, AA] recent stats showed that its last 5-days Average volume was poorer than the volume it posted in the year-ago period. During the previous 9 days, stock’s Stochastic %D was recorded 57.24% While, its Average True Range was 1.40.

Raw Stochastic average of Alcoa Corp (AA) in the period of the previous 100 days is set at 27.07%, which indicates a major fall in contrast to 35.49% during the last 2-weeks. If we go through the volatility metrics of the stock, In the past 14-days, Company’s historic volatility was 47.05% that was higher than 44.26% volatility it exhibited in the past 100-days period.