Alcoa Corp (NYSE:AA) shares, rose in value on Friday, August 09, with the stock price up by 1.47% to the previous day’s close as strong demand from buyers drove the stock to $31.08.
Actively observing the price movement in the last trading, the stock closed the session at $30.63. Referring to stock’s 52-week performance, its high was $45.48, and the low was $23.07. On the whole, AA has fluctuated by -20.67% over the past month.
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The company’s Forward Dividend Ratio is 0.40, with its dividend yield at 1.29%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 11.4B, with a low estimate of 2.9B and a high estimate of 3.12B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 3B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that AA’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of AA currently trading nearly -6.99% and -17.71% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 38.34, while the 7-day volatility ratio is showing 5.14% which for the 30-day chart, stands at 4.26%. Furthermore, Alcoa Corp (AA)’s beta value is 2.42, and its average true range (ATR) is 1.54.
A comparison of Alcoa Corp (AA) with its peers suggests the former has fared considerably weaker in the market. AA showed an intraday change of 1.47% in last session, and over the past year, it shrunk by -7.56%%.
Data on historical trading for Alcoa Corp (NYSE:AA) indicates that the trading volumes over the past 3 months, they’ve averaged 5.87 million. According to company’s latest data on outstanding shares, there are 258.34 million shares outstanding.
Nearly 1.13% of Alcoa Corp’s shares belong to company insiders and institutional investors own 62.20% of the company’s shares. The stock has fallen by -8.59% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the AA stock heading into the next quarter.
