As of Friday close, Alcoa Corporation’s (NYSE:AA) stock was down -$0.55, moving down -1.59 percent to $33.95. The average number of shares traded per day over the past five days has been 4,924,240 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.81 fall in that time frame. In the last twenty days, the average volume was 5,954,235, while in the previous 50 days, it was 5,335,570.
Since last month, AA stock rose 4.33%. Shares of the company fell to $31.83 on 07/06/23, the lowest level in the past month. A 52-week high of $58.24 was reached on 01/18/23 after having rallying from a 52-week low of $31.14. Since the beginning of this year, AA’s stock price has dropped by -25.34% or -$11.52, and marked a new high 8 times. However, the stock has declined by -41.70% since its 52-week high.
AA stock investors should be aware that Alcoa Corporation (AA) stock had its last reported insider trading activity 178 days ago on Feb 08. Harvey Roy Christopher, the President, CEO & Director of the company, disposed of 30,000 shares for $51.34 on Feb 08. It resulted in a $1,540,170 divestment by the insider. Bacchi Renato sold 10,000 shares at an average price of $53.50 on Feb 01. The insider now owns 59,567 shares following the transaction. On Jan 31, EVP & Chief Ext. Aff. Officer Elam Harden Sonya sold 4,514 shares at $51.87 apiece. The transaction was valued at $234,142.
Valuation Metrics
The stock’s beta is 2.45. Besides these, the trailing price-to-sales (P/S) ratio of 0.54, the price-to-book (PB) ratio of 1.25.
The latest dividend of $0.10 per share was paid out, remained unchanged from last year’s $0.10. On Thursday October 14 2021, a $0.07 dividend increase was announced.
Financial Health
In the three months ended June 29, Alcoa Corporation’s quick ratio stood at 0.90, while its current ratio was 1.80, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.37, and the total debt-to-equity ratio was 0.37. On the profitability front, the trailing twelve-month gross margin is 6.30% percent. In the year ended June 29, EBITDA margin amounted to 18.13%, whereas operating margins totaled -9.00%. Based on annual data, AA earned $2.24 billion in gross profit and brought in $12.45 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 0.40%. Return on equity (ROE) for the past 12 months was -29.50%.
In Alcoa Corporation’s quarter-end financial report for June 29, it reported total debt of $1.81 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. AA’s revenue fell -35.77% to $2.67 billion during the quarter, while net income inched up to $2.68 billion. While analysts expected Alcoa Corporation to report -$0.52 quarterly earnings, the actual figure was -$0.35 per share, beating the consensus estimate by 32.70%. During the quarter, the company generated $87.0 million in EBITDA. The liabilities of Alcoa Corporation were 7.67 billion at the end of its most recent quarter ended June 29, and its total debt was $1.83 billion. The value of shareholders’ equity is $178.45 million.
Technical Picture
This quick technical analysis looks at Alcoa Corporation’s (AA) price momentum. With a historical volatility rate of 50.11%, the RSI 9-day stood at 46.08% on 04 August.
With respect to its five-day moving average, the current Alcoa Corporation price is down by -2.33% percent or -$0.81. At present, AA shares trade -0.41% below its 20-day simple moving average and -24.07% percent below its 100-day simple moving average. However, the stock is currently trading approximately -4.82% below its SMA50 and -13.79% below its SMA200.
Stochastic coefficient K was 37.21% and Stochastic coefficient D was 45.83%, while ATR was 1.42. Given the Stochastic reading of 32.69% for the 14-day period, the RSI (14) reading has been calculated as 47.39%. As of today, the MACD Oscillator reading stands at -0.64, while the 14-day reading stands at -0.34.
Analyst Ratings
Alcoa Corporation downgraded its rating on Alcoa Corporation (NYSE: AA) to a Hold in a note to investors on July 24, 2023. The analysts firm previously had a Buy rating on the stock.Alcoa Corporation (AA) has been rated Hold by analysts. According to 2 brokerage firms, AA is a sell, and 7 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Alcoa Corporation stock as buy, with 5 recommending it as overweight.
With a median target price of $37.45, the current consensus forecast for the stock is $25.00 – $55.00. Based on these forecasts, analysts predict Alcoa Corporation (AA) will achieve an average price target of $38.08.
