A new trading day began on Monday, with Alcoa Corp (NYSE: AA) stock price down -5.24% from the previous day of trading, before settling in for the closing price of $31.27. AA’s price has ranged from $21.53 to $47.77 over the past 52 weeks.
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Meanwhile, its annual earnings per share averaged 149.09%. With a float of $257.81 million, this company’s outstanding shares have now reached $258.91 million.
Considering the fact that the conglomerate employs 13900 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 20.19%, operating margin of 11.83%, and the pretax margin is 10.57%.
Alcoa Corp (AA) Breakdown of a Key Holders of the stock
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 0.43%, while institutional ownership is 78.60%. 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) Recent Fiscal highlights
In its latest quarterly report, released on 9/30/2024, the company reported earnings of 0.57 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 0.48 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 149.09% 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 0.97. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.59. Likewise, its price to free cash flow for the trailing twelve months is 13.18.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 3.90, a number that is poised to hit 0.26 in the next quarter and is forecasted to reach 2.54 in one year’s time.
Technical Analysis of Alcoa Corp (AA)
Compared to the last year’s volume of 5.99 million, its volume of 5.94 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 64.24%.
During the past 100 days, Alcoa Corp’s (AA) raw stochastic average was set at 62.69%, which indicates a significant increase from 41.72% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 1.05 in the past 14 days, which was lower than the 1.17 volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $29.85, while its 200-day Moving Average is $33.30. Nevertheless, the first resistance level for the watch stands at $30.59 in the near term. At $31.54, the stock is likely to face the second major resistance level. The third major resistance level sits at $32.14. If the price goes on to break the first support level at $29.03, it is likely to go to the next support level at $28.43. Now, if the price goes above the second support level, the third support stands at $27.48.
Alcoa Corp (NYSE: AA) Key Stats
With a market capitalization of 7.67 billion, the company has a total of 258,902K Shares Outstanding. Currently, annual sales are 11,895 M while annual income is 60,000 K. The company’s previous quarter sales were 3,018 M while its latest quarter income was 164,000 K.
