Alcoa Corp (NYSE: AA) on Friday, plunged -2.19% from the previous trading day, before settling in for the closing price of $42.02. Within the past 52 weeks, AA’s price has moved between $23.14 and $45.48.
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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%. The company achieved an average annual earnings per share of 133.37%. 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
Observing investor behavior towards Aluminum industry stocks is more important than anything else. The insider ownership of Alcoa Corp is 0.77%, while institutional ownership is 62.46%. The most recent insider transaction that took place on Oct 22 ’24, was worth 1,009,431. In this transaction EVP & Chief Commercial Officer of this company sold 23,867 shares at a rate of $42.29, taking the stock ownership to the 57,317 shares. Before that another transaction happened on Oct 22 ’24, when Company’s Officer proposed sale 23,867 for $42.29, making the entire transaction worth $1,009,430.
Alcoa Corp (AA) Latest Financial update
As on 9/30/2024, Multinational firm has announced its last quarter scores, in which it reported -0.56 earnings per share (EPS) for the period topping the consensus outlook (set at -0.86) by 0.3. 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 133.37% per share during the next fiscal year.
Alcoa Corp (NYSE: AA) Trading Performance Indicators
Alcoa Corp (AA) is currently performing well based on its current performance indicators. A quick ratio of 0.80 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.97.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.76, a number that is poised to hit 0.80 in the next quarter and is forecasted to reach 3.14 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 3.68 million was inferior to 5.94 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 56.20%. Additionally, its Average True Range was 1.47.
During the past 100 days, Alcoa Corp’s (AA) raw stochastic average was set at 87.48%, which indicates a significant increase from 69.55% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 40.21% in the past 14 days, which was lower than the 48.23% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $35.97, while its 200-day Moving Average is $34.73. Now, the first resistance to watch is $41.87. This is followed by the second major resistance level at $42.64. The third major resistance level sits at $43.03. If the price goes on to break the first support level at $40.71, it is likely to go to the next support level at $40.32. The third support level lies at $39.55 if the price breaches the second support level.
Alcoa Corp (NYSE: AA) Key Stats
Market capitalization of the company is 10.62 billion based on 179,560K outstanding shares. Right now, sales total 10,551 M and income totals -651,000 K. The company made 2,904 M in profit during its latest quarter, and 90,000 K in sales during its previous quarter.
