Alcoa Corp (NYSE: AA) is -4.08% 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 $34.11 in the last trading session, with the day’s gains setting it 2.13%.
Currently trading at $36.24, the stock is -1.02% and -8.25% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.33 million and changing 6.24% at the moment leaves the stock -4.82% off its SMA200. AA registered 22.06% gain for a year compared to 6-month gain of 22.97%. The firm has a 50-day simple moving average (SMA 50) of $39.6844 and a 200-day simple moving average (SMA200) of $38.07355.
The stock witnessed a -4.61% loss in the last 1 month and extending the period to 3 months gives it a -9.60%, and is 6.12% 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 3.97% over the week and 3.85% over the month.
Alcoa Corp (AA) has around 13600 employees, a market worth around $9.36B and $11.80B in sales. Fwd P/E is 10.83. Profit margin for the company is 0.51%. Distance from 52-week low is 45.78% and -24.14% from its 52-week high. The company has generated returns on investments over the last 12 months (0.79%).
with sales reaching $3.58B over the same period.The EPS is expected to grow by 211.93% this year, but quarterly earnings will post 12.25% year-over-year. Quarterly sales are estimated to grow 37.80% in year-over-year returns.
Alcoa Corp (AA) Top Institutional Holders
679.0 institutions hold shares in Alcoa Corp (AA), with institutional investors hold 76.43% of the company’s shares. The shares outstanding are 258.36M, and float is at 256.43M with Short Float at 3.54%. Institutions hold 75.85% 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 9.5364 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).
