Alcoa Corp (AA) concluded trading on Wednesday at a closing price of $38.19, with 5.14 million shares of worth about $196.47 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -1.22% during that period and on January 15, 2025 the price saw a gain of about 3.55%. Currently the company’s common shares owned by public are about 258.35M shares, out of which, 256.39M shares are available for trading.
Stock saw a price change of 5.38% in past 5 days and over the past one month there was a price change of -3.61%. Year-to-date (YTD), AA shares are showing a performance of 1.09% which increased to 27.17% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $24.86 but also hit the highest price of $47.77 during that period. The average intraday trading volume for Alcoa Corp shares is 4.43 million. The stock is currently trading 2.29% above its 20-day simple moving average (SMA20), while that difference is down -7.24% for SMA50 and it goes to 0.40% higher than SMA200.
Alcoa Corp (NYSE: AA) currently have 258.35M outstanding shares and institutions hold larger chunk of about 68.40% of that.
The stock has a current market capitalization of $9.87B and its 3Y-monthly beta is at 2.44. It has posted earnings per share of -$1.75 in the same period. It has Quick Ratio of 0.80 while making debt-to-equity ratio of 0.56. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for AA, volatility over the week remained 3.18% while standing at 3.49% over the month.
Analysts are in expectations that Alcoa Corp (AA) stock would likely to be making an EPS of 1.02 in the current quarter, while forecast for next quarter EPS is 1.46 and it is 4.0 for next year. For the current quarter EPS, analysts have given the company a lowest target 0.71 which is 1.4 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -0.56 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 144.71% while it is estimated to increase by 295.83% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Argus on October 23, 2024 offering a Buy rating for the stock and assigned a target price of $48 to it. Coverage by B. Riley Securities stated Alcoa Corp (AA) stock as a Buy in their note to investors on October 17, 2024, suggesting a price target of $50 for the stock. On October 01, 2024, BofA Securities Upgrade their recommendations, while on September 25, 2024, JP Morgan Resumed their ratings for the stock with a price target of $36. Stock get an Outperform rating from Wolfe Research on September 04, 2024.
