Alcoa Corp (NYSE: AA) – Suitable For Long Term Buy?

Currently, there are 176.97M common shares owned by the public and among those 176.48M shares have been available to trade.

Insiders at the company have transacted a total of 14 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 13 of these insider trades were purchases, accounting for 50,670 shares. Insider sales of the common stock occurred on 1 occasions, with total insider shares sold totaling 30,000 shares.

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However, the script later moved the day high at 28.60, down -8.99%. The company’s stock has a 5-day price change of -13.17% and 2.95% over the past three months. AA shares are trading -21.06% year to date (YTD), with the 12-month market performance down to -49.98% lower. It has a 12-month low price of $23.07 and touched a high of $55.74 over the same period. AA has an average intraday trading volume of 5.91 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -9.83%, -8.30%, and -13.13% respectively.

Institutional ownership of Alcoa Corp (NYSE: AA) shares accounts for 82.31% of the company’s 176.97M shares outstanding.

It has a market capitalization of $4.79B and a beta (3y monthly) value of 2.49. The earnings-per-share (ttm) stands at -$3.66. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.74% over the week and 4.48% over the month.

Analysts forecast that Alcoa Corp (AA) will achieve an EPS of -$0.41 for the current quarter, $0.15 for the next quarter and $2.39 for 2025. The lowest estimate earnings-per-share for the quarter is -$0.92 while analysts give the company a high EPS estimate of -$0.19. Comparatively, EPS for the current quarter was -$0.23 a year ago. Earnings per share for the fiscal year are expected to increase by 106.50%, and 1557.62% over the next financial year.

Looking at the support for the AA, a number of firms have released research notes about the stock. UBS stated their Sell rating for the stock in a research note on January 16, 2024, with the firm’s price target at $29.

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