Alcoa Corp [AA] stock prices are down -0.03% to $39.27 at the moment. 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 16.08% over the last week, with a monthly amount glided 22.37%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, Wolfe Research upgraded its rating to Outperform on September 04, 2024, and kept the price target unchanged to $36. On August 12, 2024, upgrade upgraded it’s rating to Buy and revised its price target to $38 on the stock. Wolfe Research upgraded its rating to a Peer Perform. Morgan Stanley upgraded its rating to a Overweight and raised its price target to $50 on June 21, 2024. Morgan Stanley upgraded its rating to Equal-Weight for this stock on April 22, 2024, and upped its price target to $36.50. In a note dated January 16, 2024, UBS initiated an Sell rating and provided a target price of $29 on this stock.
The stock price of Alcoa Corp [AA] has been fluctuating between $23.07 and $45.48 over the past year. Currently, Wall Street analysts expect the stock to reach $57.33 within the next 12 months. Alcoa Corp [NYSE: AA] shares were valued at $39.27 at the most recent close of the market. An investor can expect a potential return of 45.99% based on the average AA price forecast.
Analyzing the AA fundamentals
The Alcoa Corp [NYSE:AA] reported sales of 10.73B for trailing twelve months, representing a surge of 4.08%. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.65.
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 38.81 points at the first support level, and at 38.34 for the second support level. However, for the 1st resistance point, the stock is sitting at 40.02, and for the 2nd resistance point, it is at 40.76.
Ratios To Look Out For
It’s worth pointing out that Alcoa Corp [NYSE:AA]’s Current Ratio is 1.55. Also, the Quick Ratio is 0.92, while the Cash Ratio stands at 0.44. Considering the valuation of this stock, the price to sales ratio is 0.95, the price to book ratio is 1.81.
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.
