A new trading day began on Tuesday, with Alcoa Corp (NYSE: AA) stock price up 1.20% from the previous day of trading, before settling in for the closing price of $41.52. AA’s price has ranged from $23.07 to $45.48 over the past 52 weeks.
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It was noted that within the last five years, the titan of the Basic Materials sector saw sales slided by -2.77%. Meanwhile, its annual earnings per share averaged 131.77%. With a float of $256.35 million, this company’s outstanding shares have now reached $258.34 million.
The extent of productivity of a business whose workforce counts for 13600 workers is very important to gauge. In terms of profitability, gross margin is -399.42%, operating margin of -2.74%, and the pretax margin is -4.86%.
Alcoa Corp (AA) Insider and Institutional Ownership
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 62.41%. The most recent insider transaction that took place on Oct 22 ’24, was worth 1,009,430. Before that another transaction happened on Mar 13 ’24, when Company’s EVP & CHRO sold 26,468 for $30.78, making the entire transaction worth $814,582. This insider now owns 41,166 shares in total.
Alcoa Corp (AA) Latest Financial update
In its latest quarterly report, released on 9/30/2024, the company reported earnings of -0.56 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.1 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 131.77% 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 0.80. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.99.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.76, a number that is poised to hit 0.78 in the next quarter and is forecasted to reach 3.06 in one year’s time.
Technical Analysis of Alcoa Corp (AA)
The latest stats from [Alcoa Corp, AA] show that its last 5-days average volume of 6.04 million was superior to 5.97 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 78.81%. Additionally, its Average True Range was 1.55.
During the past 100 days, Alcoa Corp’s (AA) raw stochastic average was set at 81.24%, which indicates a significant decrease from 84.69% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 41.46% in the past 14 days, which was lower than the 48.67% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $35.37, while its 200-day Moving Average is $34.59. Now, the first resistance to watch is $42.65. This is followed by the second major resistance level at $43.29. The third major resistance level sits at $43.76. If the price goes on to break the first support level at $41.54, it is likely to go to the next support level at $41.07. The third support level lies at $40.43 if the price breaches the second support level.
Alcoa Corp (NYSE: AA) Key Stats
With a market capitalization of 10.86 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 2,904 M while its latest quarter income was 90,000 K.
