Alcoa Corporation (NYSE: AA) is -10.38% lower 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 make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The AA stock was last observed hovering at around $39.77 in the last trading session, with the day’s gains setting it 0.98%.
Currently trading at $40.75, the stock is -15.99% and -18.51% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.52 million and changing 2.46% at the moment leaves the stock -14.04% off its SMA200. AA registered -44.72% loss for a year compared to 6-month gain of -9.06%.
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The stock witnessed a -16.72% loss in the last 1 month and extending the period to 3 months gives it a -11.74%, and is -14.93% 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 7.71% over the week and 5.41% over the month.
Alcoa Corporation (AA) has around 13100 employees, a market worth around $7.75B and $12.45B in sales. Fwd P/E is 7.89. Profit margin for the company is -1.00%. Distance from 52-week low is 21.46% and -58.46% from its 52-week high. The company has generated returns on investments over the last 12 months (0.40%).
Alcoa Corporation (AA) Analyst Forecasts
Alcoa Corporation is expected to release its quarterly report on 04/19/2023.The EPS is expected to shrink by -130.10% this year
Alcoa Corporation (AA) Top Institutional Holders
The shares outstanding are 178.00M, and float is at 175.35M with Short Float at 4.35%.
Alcoa Corporation (AA) Insider Activity
A total of 61 insider transactions have happened at Alcoa Corporation (AA) in the last six months, with sales accounting for 27 and purchases happening 34 times. The most recent transaction is an insider sale by Harvey Roy Christopher, the company’s President, CEO & Director. SEC filings show that Harvey Roy Christopher sold 30,000 shares of the company’s common stock on Feb 08 at a price of $51.34 per share for a total of $1.54 million. Following the sale, the insider now owns 0.95 million shares.
Alcoa Corporation disclosed in a document filed with the SEC on Feb 01 that Bacchi Renato (EVP & CSIO) sold a total of 10,000 shares of the company’s common stock. The trade occurred on Feb 01 and was made at $53.50 per share for $0.54 million. Following the transaction, the insider now directly holds 59567.0 shares of the AA stock.
Still, SEC filings show that on Jan 31, Elam Harden Sonya (EVP & Chief Ext. Aff. Officer) disposed off 4,514 shares at an average price of $51.87 for $0.23 million. The insider now directly holds 29,427 shares of Alcoa Corporation (AA).
