While Alcoa Corp has overperformed by 2.96%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, AA rose by 35.95%, with highs and lows ranging from $47.77 to $24.86, whereas the simple moving average fell by -2.25% in the last 200 days.
On October 23, 2024, Argus Upgraded Alcoa Corp (NYSE: AA) to Buy. A report published by B. Riley Securities on October 17, 2024, Upgraded its rating to ‘Buy’ for AA. BofA Securities also Upgraded AA shares as ‘Buy’, setting a target price of $52 on the company’s shares in a report dated October 01, 2024. JP Morgan Initiated an Neutral rating on September 25, 2024, and assigned a price target of $36. Wolfe Research September 04, 2024d its ‘Peer Perform’ rating to ‘Outperform’ for AA, as published in its report on September 04, 2024. UBS’s report from August 12, 2024 suggests a price prediction of $38 for AA shares, giving the stock a ‘Buy’ rating. Wolfe Research also rated the stock as ‘Peer Perform’.
Analysis of Alcoa Corp (AA)
AA currently pays a dividend of $0.40 per share, which means investors will get a return regardless of the company’s performance over the next few months. Further, the quarter-over-quarter increase in sales is 34.28%, showing a positive trend in the upcoming months.
In order to gain a clear picture of Alcoa Corp’s future performance, a variety of well-rounded analysis and research techniques can be applied, with equity being the most critical. The goal here is to ensure that your current return on equity of 1.28% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.86, 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.
An average volume of 4.53M can be a very valuable indicator of volatility for AA stock. On a monthly basis, the volatility of the stock is set at 3.65%, whereas on a weekly basis, it is put at 3.01%, with a gain of 2.53% over the past seven days. Furthermore, long-term investors anticipate a median target price of $48.88, showing growth from the present price of $37.25, 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?
In addition to the fundamentals, you should also consider how many employees own shares in 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 0.86%. 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 70.00% 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 70.00% at present.
