Alcoa Corp [AA] stock is trading at $41.02, up 4.51%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The AA shares have gain 4.86% over the last week, with a monthly amount glided 30.85%, 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 October 01, 2024, when BofA Securities upgraded its rating to a Buy and also boosted its price target to $52 from $43. On September 04, 2024, upgrade upgraded it’s rating to Outperform but maintained its price target of $36 on the stock. UBS upgraded its rating to a Buy and increased its price target to $38 on August 12, 2024. Wolfe Research upgraded its rating to a Peer Perform. Morgan Stanley upgraded its rating to Overweight for this stock on June 21, 2024, and upped its price target to $50. In a note dated April 22, 2024, Morgan Stanley upgraded an Equal-Weight rating on this stock and boosted its target price from $28.50 to $36.50.
Alcoa Corp [AA] stock has fluctuated between $23.07 and $45.48 over the past year. Currently, Wall Street analysts expect the stock to reach $55.36 within the next 12 months. Alcoa Corp [NYSE: AA] shares were valued at $41.02 at the most recent close of the market. An investor can expect a potential return of 34.96% based on the average AA price forecast.
Analyzing the AA fundamentals
Alcoa Corp [NYSE:AA] reported sales of 10.73B for the trailing twelve months, which represents a growth 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 40.40 points at the first support level, and at 39.78 for the second support level. However, for the 1st resistance point, the stock is sitting at 41.46, and for the 2nd resistance point, it is at 41.90.
Ratios To Look Out For
For context, Alcoa Corp’s Current Ratio is 1.55. As well, the Quick Ratio is 0.92, while the Cash Ratio is 0.44. Considering the valuation of this stock, the price to sales ratio is 0.99, the price to book ratio is 1.89.
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.
