Slaven John D Acquires Alcoa Corporation (AA) Shares

SNOW Stock
SNOW Stock

Alcoa Corporation (NYSE:AA) finished Thursday with a subtraction of -$1.89 to close at $37.52, a downside of -4.80 percent. An average of 8,933,500 shares of common stock have been traded in the last five days. There was a fall of -$5.62 in the past week, and it reached a new high 27 times over the past 12 months. The last 20 days have seen an average of 7,010,020 shares traded, while the 50-day average volume stands at 6,069,118.

AA stock has decreased by -29.33% in the last month. The company shares reached their 1-month lowest point of $37.48 on 09/22/22. With the stock rallying to its 52-week high on 03/25/22, shares of the company touched a low of $39.37 and a high of $98.09 in 52 weeks. It has reached a new high 19 times so far this year and lost -37.03% or -$22.06 in price. In spite of this, the price is down -61.75% from the 52-week high.

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Insider Transactions

211 days have passed since Alcoa Corporation (AA) last reported insider trading activity. Slaven John D, who is EVP & Chief Operations Officer, most recently acquired $28,326 shares at $75.33 per share on Feb 24. In this transaction, the insider spent $2,133,761. EVP & Chief Ext. Aff. Officer, Elam Harden Sonya, disposed of 1,317 shares at a price of $78.19 on Feb 18. The insider now owns more than $102,970 worth of shares. Prior to that, Senior VP & Controller Beerman Molly S. went on to Sale 12,500 shares at $64.53 each on Feb 04. An amount of $806,606 was transacted.

Valuation Metrics

Alcoa Corporation (AA) has a trailing price-to-earnings (P/E) ratio of 7.40. The stock’s beta is 2.33. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.51, the price-to-book (PB) ratio at 1.21, and the price-to-cash flow ratio at 6.15.

The company has a payout ratio of 5.70%. The company’s most recent quarterly dividend payment was $0.10 a share, without any change from last year. Its latest increase dividend $0.07 reported on Thursday October 14 2021.

Financial Health

The quick ratio of Alcoa Corporation for the three months ended June 29 was 1.00, and the current ratio was 1.80, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.30 and a total debt to equity ratio of 0.30 for the quarter ending June 29. Its gross profit as reported stood at $3.0 billion compared to revenue of $12.15 billion.

Earnings Surprise

For the three-month period that ended June 29, Alcoa Corporation had $1.73 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $549.0 million in the quarter, while revenues were grew 43.72%. The analyst consensus anticipated Alcoa Corporation’s latest quarter earnings to come in at $2.31 per share, but it turned out to be $2.67, a 15.60% surprise. For the quarter, EBITDA amounted to $893.0 million. Shareholders own equity worth $179.93 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Alcoa Corporation (AA) price momentum. RSI 9-day as of the close on 22 September was 24.73%, suggesting the stock is oversold, with historical volatility in this time frame at 66.84%.

As of today, AA’s price is $41.51 -13.03% or -$5.62 from its 5-day moving average. AA is currently trading -31.07% lower than its 20-day SMA and -44.66% lower than its 100-day SMA. However, the stock’s current price level is -13.13% below the SMA50 and -17.65% below the SMA200.

The stochastic %K and %D were 6.57% and 12.80%, respectively, and the average true range (ATR) was 3.09. With the 14-day stochastic at 0.25% and the average true range at 2.99, the RSI (14) stands at 30.31%. The stock has reached -4.08 on the 9-day MACD Oscillator while the 14-day reading was at -5.88.

Analyst Ratings

Wolfe Research downgraded Alcoa Corporation (NYSE: AA) to a a Peer perform rating in its most recent analyst report. Previously, the stock was rated as an Outperform.


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