Alcoa Corp (AA) concluded trading on Wednesday at a closing price of $33.67, with 4.3 million shares of worth about $144.88 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -0.74% during that period and on Wednesday the price saw a loss of about -2.04%. Currently the company’s common shares owned by public are about 258.36M shares, out of which, 256.75M shares are available for trading.
Stock saw a price change of -6.94% in past 5 days and over the past one month there was a price change of -3.72%. Year-to-date (YTD), AA shares are showing a performance of -10.88% which increased to 26.96% 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 4.65 million. The stock is currently trading -5.86% below its 20-day simple moving average (SMA20), while that difference is down -8.53% for SMA50 and it goes to -11.52% lower than SMA200.
Alcoa Corp (NYSE: AA) currently have 258.36M outstanding shares and institutions hold larger chunk of about 69.85% of that.
The stock has a current market capitalization of $8.72B and its 3Y-monthly beta is at 2.55. It has posted earnings per share of -$0.14 in the same period. It has Quick Ratio of 0.86 while making debt-to-equity ratio of 0.54. 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 4.69% while standing at 3.82% over the month.
Stock’s fiscal year EPS is expected to rise by 211.93% while it is estimated to decrease by -20.53% 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.
