A share price of Alcoa Corp [AA] is currently trading at $36.57, up 3.89%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The AA shares have gain 0.63% over the last week, with a monthly amount glided 21.82%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Alcoa Corp [NYSE: AA] stock has seen the most recent analyst activity on January 16, 2024, when UBS initiated its Sell rating and assigned the stock a price target of $29. Previously, HSBC Securities started tracking the stock with Hold rating on December 07, 2023, and set its price target to $29. On October 23, 2023, downgrade downgraded it’s rating to Neutral and revised its price target to $25 on the stock. Argus downgraded its rating to a Hold. JP Morgan downgraded its rating to a Neutral and reduced its price target to $36 on July 14, 2023. Wolfe Research downgraded its rating to Underperform for this stock on July 11, 2023, but kept the price target unchanged to $25. In a note dated June 22, 2023, Morgan Stanley downgraded an Underweight rating on this stock and revised its target price from $43 to $33.
Alcoa Corp experienced fluctuations in its stock price throughout the past year between $23.07 and $42.23. Currently, Wall Street analysts expect the stock to reach $65.11 within the next 12 months. Alcoa Corp [NYSE: AA] shares were valued at $36.57 at the most recent close of the market. An investor can expect a potential return of 78.04% based on the average AA price forecast.
Analyzing the AA fundamentals
Trailing Twelve Months sales for Alcoa Corp [NYSE:AA] were 10.71B which represents -3.85% decline. Gross Profit Margin for this corporation currently stands at 0.02% with Operating Profit Margin at -0.03%, Pretax Profit Margin comes in at -0.05%, and Net Profit Margin reading is -0.06%. To continue investigating profitability, this company’s Return on Assets is posted at -0.05, Equity is -0.15 and Total Capital is -0.03. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.43.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 36.16 points at the first support level, and at 35.75 for the second support level. However, for the 1st resistance point, the stock is sitting at 37.28, and for the 2nd resistance point, it is at 38.00.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Alcoa Corp [NYSE:AA] is 1.45. Also, the Quick Ratio is 0.74, while the Cash Ratio stands at 0.32. Considering the valuation of this stock, the price to sales ratio is 0.61, the price to book ratio is 1.54.
Transactions by insiders
Recent insider trading involved Jones Tammi A, EVP & CHRO, that happened on Mar 13 ’24 when 26468.0 shares were sold. EVP & CHRO, Jones Tammi A completed a deal on Mar 13 ’24 to sell 1440.0 shares.
