Alcoa Corporation [AA] Stock trading around $38.96 per share: What’s Next?

Alcoa Corporation [NYSE: AA] stock went on an upward path that rose over 5.13% on Monday, amounting to a one-week price increase of more than 23.21%. The company report on July 16, 2021 that Q2 2021 Financial Results: Alcoa Corporation Sets Record for Highest Quarterly Net Income and Earnings Per Share.

Alcoa Corporation (NYSE: AA) reported its highest ever quarterly net income and earnings per share, capturing the benefits of strong aluminum pricing with improved customer demand, stable operational performance, and additional cash generation through strategic actions.

Second Quarter Highlights.

Over the last 12 months, AA stock rose by 205.57%. The one-year Alcoa Corporation stock forecast points to a potential upside of 8.44. The average equity rating for AA stock is currently 2.40, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $7.31 billion, with 186.00 million shares outstanding and 184.93 million shares in the current float. Compared to the average trading volume of 7.59M shares, AA stock reached a trading volume of 8927920 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on 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 $42.55 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.

Citigroup have made an estimate for Alcoa Corporation shares, keeping their opinion on the stock as Buy, with their previous recommendation back on July 16, 2021. While these analysts kept the previous recommendation, JP Morgan raised their target price from $28 to $39. The new note on the price target was released on April 23, 2021, representing the official price target for Alcoa Corporation stock. Previously, the target price had yet another raise to $43, while Morgan Stanley analysts kept a Overweight rating on AA stock.

The Average True Range (ATR) for Alcoa Corporation is set at 1.90, with the Price to Sales ratio for AA stock in the period of the last 12 months amounting to 0.70. The Price to Book ratio for the last quarter was 2.23, with the Price to Cash per share for the same quarter was set at 13.56. Price to Free Cash Flow for AA in the course of the last twelve months was 178.25 with Quick ratio for the last quarter at 1.10.

AA Stock Performance Analysis:

Alcoa Corporation [AA] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 23.21. With this latest performance, AA shares gained by 7.18% in over the last four-week period, additionally plugging by 101.45% over the last 6 months – not to mention a rise of 205.57% 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 59.54, with the RSI for the last a single of trading hit 64.68, and the three-weeks RSI is set at 56.83 for Alcoa Corporation [AA]. The present Moving Average for the last 50 days of trading for this stock 36.69, while it was recorded at 37.06 for the last single week of trading, and 27.51 for the last 200 days.

Insight into Alcoa Corporation 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 1.50.

Alcoa Corporation [AA] Insider Position Details

There are presently around $5,739 million, or 81.80% of AA stock, in the hands of institutional investors. The top three institutional holders of AA stocks are: VANGUARD GROUP INC with ownership of 16,960,519, which is approximately 3.646% of the company’s market cap and around 0.70% of the total institutional ownership; BLACKROCK INC., holding 15,156,229 shares of the stock with an approximate value of $590.49 million in AA stocks shares; and DIMENSIONAL FUND ADVISORS LP, currently with $328.14 million in AA stock with ownership of nearly 5.451% of the company’s market capitalization.

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Positions in Alcoa Corporation stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 177 institutional holders increased their position in Alcoa Corporation [NYSE:AA] by around 25,829,447 shares. Additionally, 155 investors decreased positions by around 20,457,083 shares, while 75 investors held positions by with 101,019,894 shares. The mentioned changes placed institutional holdings at 147,306,424 shares, according to the latest SEC report filing. AA stock had 78 new institutional investments in for a total of 6,689,608 shares, while 45 institutional investors sold positions of 4,095,450 shares during the same period.

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