While Alcoa Corp has underperformed by -4.41%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, AA rose by 38.97%, with highs and lows ranging from $45.48 to $23.07, whereas the simple moving average jumped by 10.34% in the last 200 days.
On October 01, 2024, BofA Securities Upgraded Alcoa Corp (NYSE: AA) to Buy. Wolfe Research also Upgraded AA shares as ‘Outperform’, setting a target price of $36 on the company’s shares in a report dated September 04, 2024. UBS August 12, 2024d the rating to Buy on August 12, 2024, and set its price target from $32 to $38. Wolfe Research August 02, 2024d its ‘Underperform’ rating to ‘Peer Perform’ for AA, as published in its report on August 02, 2024. Morgan Stanley’s report from June 21, 2024 suggests a price prediction of $50 for AA shares, giving the stock a ‘Overweight’ rating. Morgan Stanley also rated the stock as ‘Equal-Weight’.
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Analysis of Alcoa Corp (AA)
Investors in Alcoa Corp will get a return regardless of how the company performs over the next quarter since the company’s dividend stands at $0.40 per share. Further, the quarter-over-quarter increase in sales is 4.08%, showing a positive trend in the upcoming months.
One of the most important indicators of Alcoa Corp’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of -12.58% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.92, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can also provide valuable insight into volatility, and AA is recording 6.18M average volume. On a monthly basis, the volatility of the stock is set at 3.42%, whereas on a weekly basis, it is put at 2.93%, with a loss of -3.70% over the past seven days. Furthermore, long-term investors anticipate a median target price of $43.73, showing growth from the present price of $37.73, which can serve as yet another indication of whether AA is worth investing in or should be passed over.
How Do You Analyze Alcoa Corp Shares?
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 0.77%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 62.51% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
AA shares are owned by institutional investors to the tune of 62.51% at present.
