Alcoa Corp [NYSE: AA] jumped around 0.77 points on Monday, while shares priced at $37.65 at the close of the session, up 2.09%.
Compared to the average trading volume of 6.37M shares, AA reached a trading volume of 5736529 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Alcoa Corp [AA]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for AA shares is $36.06 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 3.07. 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.
Morgan Stanley have made an estimate for Alcoa Corp shares, keeping their opinion on the stock as Equal-Weight, with their previous recommendation back on April 22, 2024. While these analysts kept the previous recommendation, UBS raised their target price to Sell. The new note on the price target was released on January 16, 2024, representing the official price target for Alcoa Corp stock. Previously, the target price had yet another raise to $29, while HSBC Securities analysts kept a Hold rating on AA stock. On October 23, 2023, analysts decreased their price target for AA shares from 35 to 25.
The Average True Range (ATR) for Alcoa Corp is set at 1.53, with the Price to Sales ratio for AA stock in the period of the last 12 months amounting to 0.64. The Price to Book ratio for the last quarter was 1.58, with the Price to Cash per share for the same quarter was set at 7.74.
How has AA stock performed recently?
Alcoa Corp [AA] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 3.58. With this latest performance, AA shares gained by 11.42% in over the last four-week period, additionally plugging by 60.14% over the last 6 months – not to mention a rise of 3.80% 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 67.52, with the RSI for the last a single of trading hit 70.69, and the three-weeks RSI is set at 65.27 for Alcoa Corp [AA]. The present Moving Average for the last 50 days of trading for this stock 32.13, while it was recorded at 36.52 for the last single week of trading, and 29.74 for the last 200 days.
Alcoa Corp [AA]: Deeper insight into the fundamentals
Alcoa Corp’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.93 and a Current Ratio set at 1.61.
Earnings analysis for Alcoa Corp [AA]
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. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Alcoa Corp go to 44.30%.
Insider trade positions for Alcoa Corp [AA]
The top three institutional holders of AA stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in AA stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in AA stock with ownership which is approximately 5.8386%.
