Alcoa Corp (NYSE:AA) price on Thursday, April 10, fall -8.16% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $23.75.
A look at the stock’s price movement, the close in the last trading session was $25.86, moving within a range at $22.475 and $24.63. The beta value (5-Year monthly) was 2.284. Turning to its 52-week performance, $47.77 and $21.53 were the 52-week high and 52-week low respectively. Overall, AA moved -28.57% over the past month.
Alcoa Corp’s market cap currently stands at around $6.15 billion, with investors looking forward to this quarter’s earnings report slated for on 2025-Jan-21. The company has a Forward Dividend ratio of 0.40, with its dividend yield at 1.68%. 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 3.45B 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 32.93% 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 12.8B, representing a 7.60% 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 75% 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 -22.12% and -27.85% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 31.53, while 7-day volatility ratio is 15.47% and 7.08% in the 30-day chart. Further, Alcoa Corp (AA) has a beta value of 2.29, and an average true range (ATR) of 2.36. Analysts have given the company’s stock an average 52-week price target of $50, forecast between a low of $45 and high of $50. Looking at the price targets, the low is -89.47% off current price level while to achieve the yearly target high, price needs to move -110.53%. Nonetheless, investors will most likely welcome a -110.53% 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 8.46 over the past 10 days and 5.50 million over the past 3 months. The company’s latest data on shares outstanding shows there are 258.36 million shares.
The 0.82% of Alcoa Corp’s shares are in the hands of company insiders while institutional holders own 69.82% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 10.71 million on 2025-03-14, giving us a short ratio of 2.21. The data shows that as of 2025-03-14 short interest in Alcoa Corp (AA) stood at 462.0 of shares outstanding, with shares short falling to 11.42 million registered in 2025-02-14. Current price change has pushed the stock -37.14% 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.
