Currently, there are 258.34M common shares owned by the public and among those 256.36M shares have been available to trade.
The company’s stock has a 5-day price change of -6.78% and -31.56% over the past three months. AA shares are trading -17.15% year to date (YTD), with the 12-month market performance up to 0.25% 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 5.74 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 -11.91%, -17.30%, and -15.37% respectively.
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Institutional ownership of Alcoa Corp (NYSE: AA) shares accounts for 63.84% of the company’s 258.34M shares outstanding.
It has a market capitalization of $7.28B and a beta (3y monthly) value of 2.42. 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 3.82% over the week and 3.41% over the month.
Earnings per share for the fiscal year are expected to increase by 124.65%, and 373.23% over the next financial year.
Looking at the support for the AA, a number of firms have released research notes about the stock. Wolfe Research stated their Outperform rating for the stock in a research note on September 04, 2024, with the firm’s price target at $36. UBS coverage for the Alcoa Corp (AA) stock in a research note released on August 12, 2024 offered a Buy rating with a price target of $38. Wolfe Research was of a view on August 02, 2024 that the stock is Peer Perform, while Morgan Stanley gave the stock Overweight rating on June 21, 2024, issuing a price target of $36.50- $50. Morgan Stanley on their part issued Equal-Weight rating on April 22, 2024.
