Alcoa Corp (NYSE: AA) is -2.38% lower on its value in year-to-date trading and has touched a low of $24.86 and a high of $47.77 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 $36.47 in the last trading session, with the day’s gains setting it 0.41%.
Currently trading at $36.88, the stock is -1.34% and -10.51% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.31 million and changing 1.12% at the moment leaves the stock -2.99% off its SMA200. AA registered 19.43% gain for a year compared to 6-month gain of -6.16%. The firm has a 50-day simple moving average (SMA 50) of $41.283 and a 200-day simple moving average (SMA200) of $37.9977.
The stock witnessed a -6.73% loss in the last 1 month and extending the period to 3 months gives it a -10.09%, and is 1.07% 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 3.40% over the week and 3.44% over the month.
Alcoa Corp (AA) has around 13600 employees, a market worth around $9.53B and $10.91B in sales. Fwd P/E is 9.18. Profit margin for the company is -2.68%. Distance from 52-week low is 48.35% and -22.80% from its 52-week high. The company has generated returns on investments over the last 12 months (-3.78%).
with sales reaching $3.45B over the same period.The EPS is expected to grow by 143.91% this year, but quarterly earnings will post 11.48% year-over-year. Quarterly sales are estimated to grow 32.86% in year-over-year returns.
Alcoa Corp (AA) Top Institutional Holders
680.0 institutions hold shares in Alcoa Corp (AA), with institutional investors hold 76.41% of the company’s shares. The shares outstanding are 258.35M, and float is at 256.40M with Short Float at 3.21%. Institutions hold 75.83% 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 9.9713% 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 8.3366% and valued at over $596.93 million, while MORGAN STANLEY holds 4.7069 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 Bacchi Renato, the company’s EVP & Chief Commercial Officer. SEC filings show that Bacchi Renato sold 23,867 shares of the company’s common stock on Oct 22 ’24 at a price of $42.29 per share for a total of $1.01 million. Following the sale, the insider now owns 57317.0 shares.
Still, SEC filings show that on Mar 13 ’24, Jones Tammi A (EVP & CHRO) disposed off 26,468 shares at an average price of $30.78 for $0.81 million. The insider now directly holds 41,166 shares of Alcoa Corp (AA).
