Alcoa Corp (NYSE: AA) is -32.35% lower on its value in year-to-date trading and has touched a low of $21.53 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 $25.71 in the last trading session, with the day’s loss setting it -0.15%.
Currently trading at $25.56, the stock is -0.47% and -16.09% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 7.35 million and changing -0.58% at the moment leaves the stock -28.38% off its SMA200. AA registered -29.16% loss for a year compared to 6-month loss of -38.97%. The firm has a 50-day simple moving average (SMA 50) of $30.46 and a 200-day simple moving average (SMA200) of $35.6906.
The stock witnessed a -20.08% gain in the last 1 month and extending the period to 3 months gives it a -26.91%, and is 9.70% 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 4.59% over the week and 7.50% over the month.
Alcoa Corp (AA) has around 13900 employees, a market worth around $6.62B and $13.01B in sales. Current P/E ratio is 7.65 and Fwd P/E is 9.80. Profit margin for the company is 6.61%. Distance from 52-week low is 18.72% and -46.49% from its 52-week high. The company has generated returns on investments over the last 12 months (10.25%).
with sales reaching $2.96B over the same period.The EPS is expected to grow by 163.78% this year, but quarterly earnings will post 4.85% year-over-year. Quarterly sales are estimated to grow 1.73% in year-over-year returns.
Alcoa Corp (AA) Top Institutional Holders
720.0 institutions hold shares in Alcoa Corp (AA), with institutional investors hold 76.83% of the company’s shares. The shares outstanding are 258.88M, and float is at 256.75M with Short Float at 5.99%. Institutions hold 76.50% 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.
