Alcoa Corporation [NYSE: AA] closed the trading session at $39.07 on 05/04/21. The day’s price range saw the stock hit a low of $37.65, while the highest price level was $39.27. The company report on April 16, 2021 that Alcoa Corporation Reports First Quarter 2021 Results.
Improved pricing and strong shipments drive highest quarterly results since 2018.
Alcoa Corporation (NYSE: AA) reported first quarter 2021 results that reflect improvements in pricing for alumina and aluminum, strong operational performance, and continued discipline in executing the Company’s long-term strategy.
The stocks have a year to date performance of 69.50 percent and weekly performance of 6.31 percent. The stock has been moved at 202.40 percent over the last six months. The stock has performed 23.84 percent around the most recent 30 days and changed 104.45 percent over the most recent 3-months.
If compared to the average trading volume of 6.68M shares, AA reached to a volume of 6683297 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Alcoa Corporation [AA]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for AA shares is $37.32 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on AA stock is a recommendation set at 2.40. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
JP Morgan have made an estimate for Alcoa Corporation shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on April 23, 2021. The new note on the price target was released on March 24, 2021, representing the official price target for Alcoa Corporation stock. Previously, the target price had yet another raise to $36, while Deutsche Bank analysts kept a Buy rating on AA stock. On March 03, 2021, analysts increased their price target for AA shares from 19 to 32.
The Average True Range (ATR) for Alcoa Corporation is set at 1.79, with the Price to Sales ratio for AA stock in the period of the last 12 months amounting to 0.76. The Price to Book ratio for the last quarter was 2.19, with the Price to Cash per share for the same quarter was set at 8.50. Price to Free Cash Flow for AA in the course of the last twelve months was 30.52 with Quick ratio for the last quarter at 1.10.
AA stock trade performance evaluation
Alcoa Corporation [AA] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 6.31. With this latest performance, AA shares gained by 23.84% in over the last four-week period, additionally plugging by 202.40% over the last 6 months – not to mention a rise of 400.90% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for AA stock in for the last two-week period is set at 68.29, with the RSI for the last a single of trading hit 72.11, and the three-weeks RSI is set at 66.07 for Alcoa Corporation [AA]. The present Moving Average for the last 50 days of trading for this stock 31.71, while it was recorded at 37.40 for the last single week of trading, and 20.81 for the last 200 days.
Alcoa Corporation [AA]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Alcoa Corporation [AA] shares currently have an operating margin of +5.68 and a Gross Margin at +8.16. Alcoa Corporation’s Net Margin is presently recorded at -1.81.
Return on Total Capital for AA is now 6.88, given the latest momentum, and Return on Invested Capital for the company is -2.87. Return on Equity for this stock declined to -4.58, with Return on Assets sitting at -1.15. When it comes to the capital structure of this company, Alcoa Corporation [AA] has a Total Debt to Total Equity ratio set at 78.74. Additionally, AA Total Debt to Total Capital is recorded at 44.05, with Total Debt to Total Assets ending up at 17.54. Long-Term Debt to Equity for the company is recorded at 76.86, with the Long-Term Debt to Total Capital now at 43.00.
Reflecting on the efficiency of the workforce at the company, Alcoa Corporation [AA] managed to generate an average of -$13,178 per employee. Receivables Turnover for the company is 15.41 with a Total Asset Turnover recorded at a value of 0.64.Alcoa Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.10 and a Current Ratio set at 1.60.
Earnings per share (EPS) analysis for Alcoa Corporation [AA] stock
With the latest financial reports released by the company, Alcoa Corporation posted -0.02/share EPS, while the average EPS was predicted by analysts to be reported at -0.38/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 94.70%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for AA.
Alcoa Corporation [AA]: Insider Ownership positions
There are presently around $5,435 million, or 80.00% of AA stock, in the hands of institutional investors. The top three institutional holders of AA stocks are: VANGUARD GROUP INC with ownership of 16,363,905, which is approximately -2.477% of the company’s market cap and around 0.70% of the total institutional ownership; BLACKROCK INC., holding 13,925,422 shares of the stock with an approximate value of $523.74 million in AA stocks shares; and PRICE T ROWE ASSOCIATES INC /MD/, currently with $346.7 million in AA stock with ownership of nearly 23.497% of the company’s market capitalization.
Positions in Alcoa Corporation stocks held by institutional investors increased at the end of April and at the time of the April reporting period, where 149 institutional holders increased their position in Alcoa Corporation [NYSE:AA] by around 23,910,745 shares. Additionally, 148 investors decreased positions by around 19,616,608 shares, while 82 investors held positions by with 100,971,563 shares. The mentioned changes placed institutional holdings at 144,498,916 shares, according to the latest SEC report filing. AA stock had 67 new institutional investments in for a total of 7,583,831 shares, while 45 institutional investors sold positions of 6,062,756 shares during the same period.