A View of Alcoa Corp (AA) Stock’s Fundamentals and Valuations

A share price of Alcoa Corp [AA] is currently trading at $40.56, up 0.40%. 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 7.02% over the last week, with a monthly amount drifted -3.77%, and not 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 June 21, 2024, when Morgan Stanley upgraded its rating to a Overweight and also boosted its price target to $50 from $36.50. Previously, Morgan Stanley upgraded its rating to Equal-Weight on April 22, 2024, and elevated its price target to $36.50. On January 16, 2024, UBS initiated with a Sell rating and assigned a price target of $29 on the stock. HSBC Securities started tracking the stock assigning a Hold rating and suggested a price target of $29 on December 07, 2023. BofA Securities downgraded its rating to a Neutral and reduced its price target to $25 on October 23, 2023. Argus downgraded its rating to Hold for this stock on July 24, 2023. In a note dated July 14, 2023, JP Morgan downgraded an Neutral rating on this stock and revised its target price from $54 to $36.

Alcoa Corp experienced fluctuations in its stock price throughout the past year between $23.07 and $45.48. Currently, Wall Street analysts expect the stock to reach $57.78 within the next 12 months. Alcoa Corp [NYSE: AA] shares were valued at $40.56 at the most recent close of the market. An investor can expect a potential return of 42.46% based on the average AA price forecast.

Analyzing the AA fundamentals

Trailing Twelve Months sales for Alcoa Corp [NYSE:AA] were 10.62B which represents -3.07% decline. Gross Profit Margin for this corporation currently stands at 0.01% with Operating Profit Margin at -0.03%, Pretax Profit Margin comes in at -0.07%, and Net Profit Margin reading is -0.07%. To continue investigating profitability, this company’s Return on Assets is posted at -0.05, Equity is -0.16 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 0.64.

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 40.13 points at the first support level, and at 39.70 for the second support level. However, for the 1st resistance point, the stock is sitting at 41.28, and for the 2nd resistance point, it is at 42.00.

Ratios To Look Out For

To put it in perspective, the Current Ratio for Alcoa Corp [NYSE:AA] is 1.61. Also, the Quick Ratio is 0.93, while the Cash Ratio stands at 0.46. Considering the valuation of this stock, the price to sales ratio is 0.69, the price to book ratio is 1.82.

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.

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