Alcoa Corp (NYSE:AA) price on current trading day, rose 0.53% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $33.85.
A look at the stock’s price movement, the level at last check in today’s session was $33.67. Turning to its 52-week performance, $47.77 and $25.20 were the 52-week high and 52-week low respectively. Overall, AA moved -0.88% over the past month.
Alcoa Corp’s market cap currently stands at around $8.76 billion, with investors looking forward to this quarter’s earnings report slated for in March. The company has a Forward Dividend ratio of 0.40, with its dividend yield at 1.18%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 3.58B for the company’s revenue for the quarter, with a low and high estimate of 3.29B and 3.68B respectively. The average forecast suggests up to a 37.80% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 13.35B, representing a 12.25% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that AA is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
14 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 7 analyst(s) rate the stock as a Hold, 5 recommend AA as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 2 say it is a Sell. As such, the average rating for the stock is Hold which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
AA’s current price about -5.19% and -7.75% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 39.14, while 7-day volatility ratio is 4.69% and 3.82% in the 30-day chart. Further, Alcoa Corp (AA) has a beta value of 2.55, and an average true range (ATR) of 1.42. Analysts have given the company’s stock an average 52-week price target of $50, forecast between a low of $41 and high of $52. Looking at the price targets, the low is -21.12% off recent price level in today’s trading while to achieve the yearly target high, it has to move -53.62%. Nonetheless, investors will most likely welcome a -47.71% jump to $50 which is the analysts’ median price.
If we refocus on Alcoa Corp (NYSE:AA), historical trading data shows that trading volumes averaged 4.67 million over the past 3 months. The company’s latest data on shares outstanding shows there are 258.36 million shares.
The 0.83% of Alcoa Corp’s shares are in the hands of company insiders while institutional holders own 69.85% of the company’s shares. Current price change has pushed the stock -10.40% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the AA stock continues to rise going into the next quarter.
