Alcoa Corp (AA): What is Its Dividend Yield?

Alcoa Corp (NYSE:AA) saw a downside of -6.07% to close Monday at $26.63 after subtracting -$1.72 on the day. The 5-day average trading volume is 6,625,440 shares of the company’s common stock. It has gained $29.79 in the past week and touched a new high 2 times within the past 5 days. An average of 6,442,600 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 6,061,148.

AA’s 1-month performance is -7.37% or -$1.60 on its low of $26.34 reached on 09/25/23. The company’s shares have touched a 52-week low of $27.76 and high of $57.61, with the stock’s rally to the 52-week high happening on 01/18/23. YTD, AA has lost -41.43% or -$18.84 and has reached a new high 8 times. However, the current price is down -53.77% from the 52-week high price.

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Insider Transactions

AA stock investors last saw insider trading activity on Feb 08.Harvey Roy Christopher (President, CEO & Director) most recently sold 30,000 shares at $51.34 per share on Feb 08. This transaction cost the insider $1,540,170. EVP & CSIO, Bacchi Renato, sold 10,000 shares at a price of $53.50 on Feb 01. Then, on Jan 31, EVP & Chief Ext. Aff. Officer Elam Harden Sonya sold 4,514 shares at a price of $51.87 per share. This transaction amounted to $234,142.

Valuation Metrics

AA stock has a beta of 2.45. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.43 while the price-to-book (PB) in the most recent quarter is 0.98.

Alcoa Corp’s quick ratio for the period ended June 29 was 0.87, with the current ratio over the same period at 1.80. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.37, while the total debt to equity was 0.37. In terms of profitability, the gross margin trailing 12 months is 2.15%. The trailing 12-month EBITDA margin is 18.13% while for the period ending June 29, Alcoa Corp’s operating margin was -0.08%. The firm’s gross profit as reported stood at $2.24 billion against revenue of $12.45 billion.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 638.24% to -$102.0 million, while revenue of -$231.0 million was -126.47% off the previous quarter. Analysts expected AA to announce -$0.52 per share in earnings in its latest quarter, but it posted -$0.35, representing a 32.70% surprise. EBITDA for the quarter stood at more than $87.0 million. AA stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 7.67 billion, with total debt at $1.83 billion. Shareholders hold equity totaling $178.45 million.

Let’s look briefly at Alcoa Corp (AA) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 25 September was 34.59% to suggest the stock is trending Neutral, with historical volatility in this time period at 60.80%.

The stock’s 5-day moving average is $28.11, reflecting a -7.69% or -$2.22 change from its current price. AA is currently trading -5.67% above its 20-day SMA, -25.36% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -22.86% and SMA200 by-44.88%.

Stochastic %K and %D was 7.79% and 15.60% and the average true range (ATR) pointed at 1.21. The RSI (14) points at 36.87%, while the 14-day stochastic is at 6.73% with the period’s ATR at 1.19. The stock’s 9-day MACD Oscillator is pointing at -0.95 and -1.01 on the 14-day charts.