Alcoa Corp (NYSE: AA) is 0.88% higher on its value in year-to-date trading and has touched a low of $23.07 and a high of $45.48 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 $34.56 in the last trading session, with the day’s loss setting it -0.26%.
Currently trading at $34.30, the stock is 8.18% and -3.37% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.51 million and changing -0.75% at the moment leaves the stock 3.79% off its SMA200. AA registered 21.50% gain for a year compared to 6-month gain of 28.46%.
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The stock witnessed a 3.88% loss in the last 1 month and extending the period to 3 months gives it a -20.60%, and is 1.60% up 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 3.34% over the week and 3.85% over the month.
Alcoa Corp (AA) has around 13600 employees, a market worth around $8.86B and $10.73B in sales. Fwd P/E is 13.12. Profit margin for the company is -5.12%. Distance from 52-week low is 48.68% and -24.58% from its 52-week high. The company has generated returns on investments over the last 12 months (-8.64%).
with sales reaching $2.98B over the same period.The EPS is expected to grow by 124.05% this year, but quarterly earnings will post 7.90% year-over-year. Quarterly sales are estimated to grow 15.40% in year-over-year returns.
Alcoa Corp (AA) Top Institutional Holders
673.0 institutions hold shares in Alcoa Corp (AA), with institutional investors hold 64.06% of the company’s shares. The shares outstanding are 258.34M, and float is at 256.33M with Short Float at 5.08%. Institutions hold 63.57% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 17.95 million shares valued at $713.98 million. The investor’s holdings represent 10.011% of the AA Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 17.17 million shares valued at $682.84 million to account for 9.5744 of the shares outstanding. The other top investors are EAGLE CAPITAL MANAGEMENT LLC which holds 15.01 million shares representing 8.3698% and valued at over $596.93 million, while MORGAN STANLEY holds 4.7257 of the shares totaling 8.47 million with a market value of $337.03 million.
Alcoa Corp (AA) Insider Activity
The most recent transaction is an insider sale by Jones Tammi A, the company’s EVP & CHRO. SEC filings show that Jones Tammi A sold 26,468 shares of the company’s common stock on Mar 13 ’24 at a price of $30.78 per share for a total of $0.81 million. Following the sale, the insider now owns 41166.0 shares.
Alcoa Corp disclosed in a document filed with the SEC on Mar 13 ’24 that Jones Tammi A (EVP & CHRO) sold a total of 1,440 shares of the company’s common stock. The trade occurred on Mar 13 ’24 and was made at $30.67 per share for $44165.0. Following the transaction, the insider now directly holds 9265.0 shares of the AA stock.
