A share price of Alcoa Corp [AA] is currently trading at $34.50, up 6.09%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The AA shares have gain 19.09% over the last week, with a monthly amount glided 7.51%, 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 September 04, 2024, when Wolfe Research upgraded its rating to a Outperform but kept the price target unchanged to $36 for it. Previously, UBS upgraded its rating to Buy on August 12, 2024, and elevated its price target to $38. On August 02, 2024, upgrade upgraded it’s rating to Peer Perform. Morgan Stanley upgraded its rating to a Overweight and increased its price target to $50 on June 21, 2024. Morgan Stanley upgraded its rating to a Equal-Weight and raised its price target to $36.50 on April 22, 2024. UBS started tracking with a Sell rating for this stock on January 16, 2024, and assigned it a price target of $29. In a note dated December 07, 2023, HSBC Securities initiated an Hold rating and provided a target price of $29 on this stock.
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 $57.33 within the next 12 months. Alcoa Corp [NYSE: AA] shares were valued at $34.50 at the most recent close of the market. An investor can expect a potential return of 66.17% based on the average AA price forecast.
Analyzing the AA fundamentals
Trailing Twelve Months sales for Alcoa Corp [NYSE:AA] were 10.73B which represents 4.08% growth. Gross Profit Margin for this corporation currently stands at 0.03% with Operating Profit Margin at -0.01%, Pretax Profit Margin comes in at -0.05%, and Net Profit Margin reading is -0.05%. To continue investigating profitability, this company’s Return on Assets is posted at -0.04, Equity is -0.13 and Total Capital is -0.01. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.65.
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 33.56 points at the first support level, and at 32.62 for the second support level. However, for the 1st resistance point, the stock is sitting at 35.52, and for the 2nd resistance point, it is at 36.54.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Alcoa Corp [NYSE:AA] is 1.55. In addition, the Quick Ratio stands at 0.92 and the Cash Ratio stands at 0.44. Considering the valuation of this stock, the price to sales ratio is 0.83, the price to book ratio is 1.59.
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.
