Currently, there are 178.47M common shares owned by the public and among those 177.54M shares have been available to trade.
The company’s stock has a 5-day price change of -12.14% and -2.81% over the past three months. AA shares are trading 1.56% year to date (YTD), with the 12-month market performance up to 5.66% higher. It has a 12-month low price of $23.07 and touched a high of $45.48 over the same period. AA has an average intraday trading volume of 5.19 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 -12.38%, -14.18%, and 7.12% respectively.
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Institutional ownership of Alcoa Corp (NYSE: AA) shares accounts for 84.60% of the company’s 178.47M shares outstanding.
It has a market capitalization of $6.20B and a beta (3y monthly) value of 2.46. The earnings-per-share (ttm) stands at -$3.08. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.03% over the week and 3.64% over the month.
Earnings per share for the fiscal year are expected to increase by 119.35%, and 500.61% over the next financial year.
Looking at the support for the AA, a number of firms have released research notes about the stock. Morgan Stanley stated their Overweight rating for the stock in a research note on June 21, 2024, with the firm’s price target at $36.50-$50. Morgan Stanley coverage for the Alcoa Corp (AA) stock in a research note released on April 22, 2024 offered a Equal-Weight rating with a price target of $36.50. UBS was of a view on January 16, 2024 that the stock is Sell, while HSBC Securities gave the stock Hold rating on December 07, 2023, issuing a price target of $29. BofA Securities on their part issued Neutral rating on October 23, 2023.
