Alcoa Corp (NYSE: AA) is -29.14% 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 $27.63 in the last trading session, with the day’s loss setting it -0.86%.
Currently trading at $26.77, the stock is -2.48% and -2.21% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.67 million and changing -3.11% at the moment leaves the stock -23.43% off its SMA200. AA registered -38.03% loss for a year compared to 6-month loss of -43.31%. The firm has a 50-day simple moving average (SMA 50) of $27.376 and a 200-day simple moving average (SMA200) of $34.9605.
The stock witnessed a 9.13% gain in the last 1 month and extending the period to 3 months gives it a -19.49%, and is -4.32% down 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 1.56% over the week and 2.97% over the month.
Alcoa Corp (AA) has around 13900 employees, a market worth around $6.93B and $12.91B in sales. Current P/E ratio is 7.92 and Fwd P/E is 10.38. Profit margin for the company is 6.66%. Distance from 52-week low is 24.34% and -43.96% from its 52-week high. The company has generated returns on investments over the last 12 months (10.25%).
The EPS is expected to grow by 164.15% this year.
Alcoa Corp (AA) Top Institutional Holders
710.0 institutions hold shares in Alcoa Corp (AA), with institutional investors hold 77.74% of the company’s shares. The shares outstanding are 258.90M, and float is at 257.80M with Short Float at 4.56%. Institutions hold 77.39% 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.
