A new trading day began on Monday, with Alcoa Corp (NYSE: AA) stock price up 1.90% from the previous day of trading, before settling in for the closing price of $41.02. AA’s price has ranged from $23.07 to $45.48 over the past 52 weeks.
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Basic Materials Sector giant saw their annual sales slid by -2.77% over the last five years. Meanwhile, its annual earnings per share averaged 115.74%. With a float of $256.35 million, this company’s outstanding shares have now reached $258.34 million.
The firm has a total of 13600 workers. Let’s measure their productivity. 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
As we move forward, let’s examine how large-scale investors are investing in this stock of the Aluminum Industry. The insider ownership of Alcoa Corp is 0.77%, while institutional ownership is 62.51%. 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 115.74% per share during the next fiscal year.
Alcoa Corp (NYSE: AA) Trading Performance Indicators
Here are Alcoa Corp’s current performance indicators. According to the last quarter’s results, the 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 1.01.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -3.08, a number that is poised to hit 0.28 in the next quarter and is forecasted to reach 2.56 in one year’s time.
Technical Analysis of Alcoa Corp (AA)
Analysing the last 5-days average volume posted by the [Alcoa Corp, AA], we can find that recorded value of 5.18 million was lower than the volume posted last year of 5.97 million. As of the previous 9 days, the stock’s Stochastic %D was 89.04%. Additionally, its Average True Range was 1.62.
During the past 100 days, Alcoa Corp’s (AA) raw stochastic average was set at 79.96%, which indicates a significant decrease from 97.11% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 49.60% in the past 14 days, which was higher than the 49.00% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $33.98, while its 200-day Moving Average is $34.32. Now, the first resistance to watch is $42.38. This is followed by the second major resistance level at $42.96. The third major resistance level sits at $43.93. If the price goes on to break the first support level at $40.83, it is likely to go to the next support level at $39.86. Should the price break the second support level, the third support level stands at $39.28.
Alcoa Corp (NYSE: AA) Key Stats
With a market capitalization of 10.80 billion, the company has a total of 179,560K Shares Outstanding. Currently, annual sales are 10,551 M while annual income is -651,000 K. The company’s previous quarter sales were 2,906 M while its latest quarter income was 20,000 K.
