On Friday, Alcoa Corp (NYSE: AA) opened lower -1.14% from the last session, before settling in for the closing price of $32.47. Price fluctuations for AA have ranged from $23.07 to $45.48 over the past 52 weeks.
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Annual sales at Basic Materials sector company slipped by -2.77% over the past five years. Company’s average yearly earnings per share was noted 124.05% at the time writing. With a float of $256.36 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 and Institutional Ownership
A key investor’s attitude towards the stock of the Aluminum industry is another important factor to consider. The insider ownership of Alcoa Corp is 0.78%, while institutional ownership is 63.72%. 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) Latest Financial update
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
Check out the current performance indicators for Alcoa Corp (AA). In the past 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 2.61 in one year’s time.
Technical Analysis of Alcoa Corp (AA)
Alcoa Corp (NYSE: AA) saw its 5-day average volume 4.86 million, a negative change from its year-to-date volume of 6.05 million. As of the previous 9 days, the stock’s Stochastic %D was 14.94%. Additionally, its Average True Range was 1.34.
During the past 100 days, Alcoa Corp’s (AA) raw stochastic average was set at 27.12%, which indicates a significant decrease from 28.37% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 46.97% in the past 14 days, which was higher than the 44.28% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $35.08, while its 200-day Moving Average is $33.20. Nevertheless, the first resistance level for the watch stands at $32.53 in the near term. At $32.95, the stock is likely to face the second major resistance level. The third major resistance level sits at $33.31. 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 $31.39. The third support level lies at $30.96 if the price breaches the second support level.
Alcoa Corp (NYSE: AA) Key Stats
There are currently 179,560K shares outstanding in the company with a market cap of 8.29 billion. Presently, the company’s annual sales total 10,551 M according to its annual income of -651,000 K. Last quarter, the company’s sales amounted to 2,906 M and its income totaled 20,000 K.
