Alcoa Corporation (NYSE: AA) is 12.16% higher on its value in year-to-date trading and has touched a low of $33.55 and a high of $98.09 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The AA stock was last observed hovering at around $49.52 in the last trading session, with the day’s gains setting it 1.48% off its average median price target of $52.00 for the next 12 months. It is also 21.54% off the consensus price target high of $65.00 offered by 14 analysts, but current levels are -21.43% lower than the price target low of $42.00 for the same period.
Currently trading at $51.00, the stock is 6.23% and 8.34% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.01 million and changing 2.99% at the moment leaves the stock -0.62% off its SMA200. AA registered -14.47% loss for a year compared to 6-month loss of 12.96%.
The stock witnessed a 20.51% gain in the last 1 month and extending the period to 3 months gives it a 35.57%, and is -4.35% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 5.91% over the week and 4.88% over the month.
Alcoa Corporation (AA) has around 12200 employees, a market worth around $8.76B and $12.45B in sales. Fwd P/E is 10.63. Profit margin for the company is 7.70%. Distance from 52-week low is 52.01% and -48.01% from its 52-week high. The company has generated returns on investments over the last 12 months (5.00%).
Alcoa Corporation (AA) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Alcoa Corporation (AA) is a “Overweight”. 14 analysts offering their recommendations for the stock have an average rating of 2.40, where 9 rate it as a Hold and 0 think it is a “Overweight”. 5 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Alcoa Corporation is expected to release its quarterly report on 04/19/2023.The EPS is expected to grow by 347.00% this year.
Alcoa Corporation (AA) Top Institutional Holders
The shares outstanding are 179.00M, and float is at 175.35M with Short Float at 3.49%.
Alcoa Corporation (AA) Insider Activity
A total of 9 insider transactions have happened at Alcoa Corporation (AA) in the last six months, with sales accounting for 0 and purchases happening 9 times. The most recent transaction is an insider sale by Slaven John D,the company’sEVP & Chief Operations Officer. SEC filings show that Slaven John D sold 28,326 shares of the company’s common stock on Feb 24 at a price of $75.33 per share for a total of $2.13 million. Following the sale, the insider now owns 54730.0 shares.
Alcoa Corporation disclosed in a document filed with the SEC on Feb 18 that Elam Harden Sonya (EVP & Chief Ext. Aff. Officer) sold a total of 1,317 shares of the company’s common stock. The trade occurred on Feb 18 and was made at $78.19 per share for $0.1 million. Following the transaction, the insider now directly holds 33484.0 shares of the AA stock.
Still, SEC filings show that on Feb 04, Beerman Molly S. (Senior VP & Controller) disposed off 12,500 shares at an average price of $64.53 for $0.81 million. The insider now directly holds 27,905 shares of Alcoa Corporation (AA).