Alcoa Corp (NYSE: AA) is -0.50% lower 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 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 $34.92 in the last trading session, with the day’s loss setting it -1.09%.
Currently trading at $33.83, the stock is 5.71% and 3.31% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 9.0 million and changing -3.12% at the moment leaves the stock 0.91% off its SMA200. AA registered 15.15% gain for a year compared to 6-month gain of 7.91%.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The stock witnessed a 1.62% loss in the last 1 month and extending the period to 3 months gives it a -16.26%, and is 4.03% 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 3.94% over the week and 3.77% over the month.
Alcoa Corp (AA) has around 13600 employees, a market worth around $8.74B and $10.73B in sales. Fwd P/E is 12.72. Profit margin for the company is -5.12%. Distance from 52-week low is 46.64% and -25.62% 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 112.96% this year, but quarterly earnings will post 7.90% year-over-year. Quarterly sales are estimated to grow 15.20% in year-over-year returns.
Alcoa Corp (AA) Top Institutional Holders
677.0 institutions hold shares in Alcoa Corp (AA), with institutional investors hold 64.13% of the company’s shares. The shares outstanding are 258.34M, and float is at 256.36M with Short Float at 4.44%. Institutions hold 63.64% 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.
