The stock of Alcoa Corporation (NYSE:AA) decreased by -$0.23 on Monday to finish at $31.73, down -0.72 percent. The last five days have seen an average of 5,276,400 shares of common stock traded. 8 times new highs were reached in the current year, with a fall of -$13.74. The average number of shares traded over the last 20 days was 5,763,240, while the average volume over the last 50 days totaled 5,319,986.
AA stock dropped -8.08% since last month. On 08/14/23, the company’s shares reached a one-month low of $30.60. The stock touched a high of $58.24 on 01/18/23, after rallying from a low of $31.14 in 52 weeks. The price of AA stock has declined by -30.22% or -$13.74 this year, reaching a new high 8 times. Still, the stock price is down -45.51% from the 52-week high.
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Insider Transactions
AA stock investors should be aware that Alcoa Corporation (AA) stock had its last reported insider trading activity 188 days ago on Feb 08. On Feb 08, President, CEO & Director Harvey Roy Christopher sold 30,000 shares at $51.34 each. This transaction resulted in the insider making $1,540,170. On Feb 01, Bacchi Renato sold 10,000 shares at a price of US$53.50. After the transaction, the insider now owns 59,567 shares. EVP & Chief Ext. Aff. Officer Elam Harden Sonya had earlier sold 4,514 shares on Jan 31 for $51.87 a share. The transaction was completed for $234,142.
Valuation Metrics
Beta for the stock is 2.46. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.54, the price-to-book (PB) ratio of 1.17.
Company paid $0.10 per share in dividends, remained unchanged from $0.10 last year. A $0.07 dividend increase was reported on Thursday October 14 2021.
Financial Health
For the three months ended June 29, Alcoa Corporation’s quick ratio was 0.90, while its current ratio was 1.80, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.37, and the total debt to equity ratio is 0.37. As far as profitability goes, gross margin for the trailing twelve months is 6.30% percent. Alcoa Corporation’s EBITDA margin for the year ended June 29 was 18.13%, whereas its operating margin stood at -9.00% for the same period. Based on annual data, it had gross profit of $2.24 billion and revenue of $12.45 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. AA’s return on assets (ROA) during the last 12 months has been -10.10%. There was a 0.40% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -29.50%.
Earnings Surprise
According to Alcoa Corporation’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $2.68 billion, while revenues fell by -35.77% to $2.67 billion. It was predicted that Alcoa Corporation’s quarterly earnings would be -$0.35, but it ended up being -$0.52, beating the consensus by 32.70%. EBITDA was $87.0 million for the quarter. At the end of Alcoa Corporation’s most recent quarter ended June 29, its liabilities totaled 7.67 billion, while its total debt was $1.83 billion. Equity owned by shareholders amounts to $178.45 million.
Technical Picture
Here’s a quick look at Alcoa Corporation’s (AA) price momentum from a technical perspective. As of 14 August, the RSI 9-day stood at 33.81%, suggesting the stock is Neutral, with a 26.22% historical volatility rate.
The stochastic %K and %D were 10.08% and 12.47% respectively, while the average true range (ATR) was 1.31. Based on the 14-day stochastic reading of 18.88%, the RSI (14) reading is 39.11%. On the 9-day MACD Oscillator, the stock is at -1.13, and the 14-day reading is at -1.72.
Analyst Ratings
Alcoa Corporation (NYSE: AA) was downgraded by Argus to a a Hold rating in its latest research report. The stock was previously rated as a a Buy. Analysts have assigned Alcoa Corporation (AA) an Hold rating. AA is a stock that is recommended for selling by 2 brokerage firms, while 7 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 5 others recommend it as a buy.
What is AA’s price target for the next 12 months?
The current consensus forecast for the stock is between $25.00 and $55.00, with a median target price of $37.45. In analyzing these forecasts, the average price target given by analysts for Alcoa Corporation (AA) is $38.08.
