Currently, there are 258.34M common shares owned by the public and among those 256.38M shares have been available to trade.
The company’s stock has a 5-day price change of 4.44% and 46.46% over the past three months. AA shares are trading 25.82% year to date (YTD), with the 12-month market performance up to 61.25% higher. It has a 12-month low price of $23.80 and touched a high of $45.48 over the same period. AA has an average intraday trading volume of 5.50 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 4.14%, 15.53%, and 21.60% respectively.
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Institutional ownership of Alcoa Corp (NYSE: AA) shares accounts for 62.51% of the company’s 258.34M shares outstanding.
It has a market capitalization of $11.05B and a beta (3y monthly) value of 2.43. The earnings-per-share (ttm) stands at -$1.75. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.14% over the week and 3.27% over the month.
Earnings per share for the fiscal year are expected to increase by 133.37%, and 314.31% over the next financial year.
Looking at the support for the AA, a number of firms have released research notes about the stock. Argus stated their Buy rating for the stock in a research note on October 23, 2024, with the firm’s price target at $48. B. Riley Securities coverage for the Alcoa Corp (AA) stock in a research note released on October 17, 2024 offered a Buy rating with a price target of $50. BofA Securities was of a view on October 01, 2024 that the stock is Buy, while JP Morgan gave the stock Neutral rating on September 25, 2024, issuing a price target of $32- $36. Wolfe Research on their part issued Outperform rating on September 04, 2024.
