Alcoa Corp (NYSE: AA) on Monday, soared 2.18% from the previous trading day, before settling in for the closing price of $35.71. Within the past 52 weeks, AA’s price has moved between $24.86 and $47.77.
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Annual sales at Basic Materials sector company grew by 2.13% over the past five years. The company achieved an average annual earnings per share of 137.49%. With a float of $256.40 million, this company’s outstanding shares have now reached $258.35 million.
Let’s look at the performance matrix of the company that is accounted for 13600 employees. In terms of profitability, gross margin is 6.97%, operating margin of 2.65%, and the pretax margin is -1.15%.
Alcoa Corp (AA) Insider Updates
Observing investor behavior towards Aluminum industry stocks is more important than anything else. The insider ownership of Alcoa Corp is 0.76%, while institutional ownership is 74.48%. 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) Performance Highlights and Predictions
According to the Wall Street analysts, stocks earnings will be around 137.49% 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 0.86.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.75, a number that is poised to hit 0.92 in the next quarter and is forecasted to reach 3.94 in one year’s time.
Technical Analysis of Alcoa Corp (AA)
Alcoa Corp (NYSE: AA) saw its 5-day average volume 4.24 million, a negative change from its year-to-date volume of 5.39 million. As of the previous 9 days, the stock’s Stochastic %D was 32.05%. Additionally, its Average True Range was 1.50.
During the past 100 days, Alcoa Corp’s (AA) raw stochastic average was set at 43.60%, which indicates a significant increase from 28.33% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 37.34% in the past 14 days, which was lower than the 48.96% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $41.70, while its 200-day Moving Average is $37.91. Nevertheless, the first resistance level for the watch stands at $37.07 in the near term. At $37.65, the stock is likely to face the second major resistance level. The third major resistance level sits at $38.23. If the price goes on to break the first support level at $35.92, it is likely to go to the next support level at $35.34. Assuming the price breaks the second support level, the third support level stands at $34.76.
Alcoa Corp (NYSE: AA) Key Stats
Market capitalization of the company is 9.43 billion based on 258,355K 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.
