At the time of writing, Alcoa Corp [AA] stock is trading at $42.02, up 1.20%. An important factor to consider is whether the stock is rising or falling in short-term value. The AA shares have gain 1.74% over the last week, with a monthly amount glided 22.76%, 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 17, 2024, when B. Riley Securities upgraded its rating to a Buy and also boosted its price target to $50 from $41. Previously, BofA Securities upgraded its rating to Buy on October 01, 2024, and elevated its price target to $52. Wolfe Research upgraded its rating to a Outperform but stick to its price target of $36 on September 04, 2024. UBS upgraded its rating to a Buy and raised its price target to $38 on August 12, 2024. Wolfe Research upgraded its rating to Peer Perform for this stock on August 02, 2024. In a note dated June 21, 2024, Morgan Stanley upgraded an Overweight rating on this stock and boosted its target price from $36.50 to $50.
For the past year, the stock price of Alcoa Corp fluctuated between $23.07 and $45.48. Currently, Wall Street analysts expect the stock to reach $57.27 within the next 12 months. Alcoa Corp [NYSE: AA] shares were valued at $42.02 at the most recent close of the market. An investor can expect a potential return of 36.29% based on the average AA price forecast.
Analyzing the AA fundamentals
According to Alcoa Corp [NYSE:AA], the company’s sales were 10.98B for trailing twelve months, which represents an 9.42% jump. Gross Profit Margin for this corporation currently stands at -3.99% with Operating Profit Margin at -0.03%, Pretax Profit Margin comes in at -0.05%, and Net Profit Margin reading is -0.11%. To continue investigating profitability, this company’s Return on Assets is posted at -0.02, Equity is -0.07 and Total Capital is -0.01. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.56.
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 41.54 points at the first support level, and at 41.07 for the second support level. However, for the 1st resistance point, the stock is sitting at 42.65, and for the 2nd resistance point, it is at 43.29.
Ratios To Look Out For
It is important to note that Alcoa Corp [NYSE:AA] has a current ratio of 1.41. On the other hand, the Quick Ratio is 0.80, and the Cash Ratio is 0.38. Considering the valuation of this stock, the price to sales ratio is 0.99, the price to book ratio is 1.94.
Transactions by insiders
Recent insider trading involved Bacchi Renato, Officer, that happened on Oct 22 ’24 when 23867.0 shares were purchased. EVP & CHRO, Jones Tammi A completed a deal on Mar 13 ’24 to sell 26468.0 shares. Meanwhile, EVP & CHRO Jones Tammi A sold 1440.0 shares on Mar 13 ’24.
