At the time of writing, Alcoa Corp [AA] stock is trading at $38.61, up 0.08%. 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 0.42% over the last week, with a monthly amount drifted -15.11%, 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 October 23, 2024, when Argus upgraded its rating to a Buy but kept the price target unchanged to $48 for it. Previously, B. Riley Securities upgraded its rating to Buy on October 17, 2024, and elevated its price target to $50. On October 01, 2024, upgrade upgraded it’s rating to Buy and revised its price target to $52 on the stock. Wolfe Research upgraded its rating to a Outperform but $36 remained the price target by the analyst firm on September 04, 2024. UBS upgraded its rating to Buy for this stock on August 12, 2024, and upped its price target to $38. In a note dated August 02, 2024, Wolfe Research upgraded an Peer Perform rating on this stock.
For the past year, the stock price of Alcoa Corp fluctuated between $24.86 and $47.77. Currently, Wall Street analysts expect the stock to reach $46 within the next 12 months. Alcoa Corp [NYSE: AA] shares were valued at $38.61 at the most recent close of the market. An investor can expect a potential return of 19.14% based on the average AA price forecast.
Analyzing the AA fundamentals
According to Alcoa Corp [NYSE:AA], the company’s sales were 10.91B for trailing twelve months, which represents an 6.63% jump. Gross Profit Margin for this corporation currently stands at 0.07% with Operating Profit Margin at 0.03%, Pretax Profit Margin comes in at -0.01%, and Net Profit Margin reading is -0.03%. To continue investigating profitability, this company’s Return on Assets is posted at -0.02, Equity is -0.07 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 0.56.
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 38.16 points at the first support level, and at 37.70 for the second support level. However, for the 1st resistance point, the stock is sitting at 39.14, and for the 2nd resistance point, it is at 39.66.
Ratios To Look Out For
It is important to note that Alcoa Corp [NYSE:AA] has a current ratio of 1.41. In addition, the Quick Ratio stands at 0.80 and the Cash Ratio stands at 0.38. Considering the valuation of this stock, the price to sales ratio is 0.92, the price to book ratio is 1.90.
Transactions by insiders
Recent insider trading involved Bacchi Renato, EVP & Chief Commercial Officer, that happened on Oct 22 ’24 when 23867.0 shares were sold. Officer, Bacchi Renato completed a deal on Oct 22 ’24 to buy 23867.0 shares. Meanwhile, EVP & CHRO Jones Tammi A sold 26468.0 shares on Mar 13 ’24.
