Alcoa Corp [NYSE: AA] traded at a high on Wednesday, posting a 0.31 gain after which it closed the day’ session at $45.74.
The results of the trading session contributed to over 3844277 shares changing hands. Over the past one week, the price volatility of Alcoa Corp stands at 3.30% while the volatility over the past one month is 3.43%.
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The market cap for AA stock reached $11.82 billion, with 258.36 million shares outstanding and 256.40 million shares in the current float. Compared to the average trading volume of 5.18M shares, AA reached a trading volume of 3844277 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 $48.30 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 1.80. 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.
Argus have made an estimate for Alcoa Corp shares, keeping their opinion on the stock as Buy, with their previous recommendation back on October 23, 2024. While these analysts kept the previous recommendation, B. Riley Securities raised their target price from $41 to $50. The new note on the price target was released on October 17, 2024, representing the official price target for Alcoa Corp stock. Previously, the target price had yet another raise from $43 to $52, while BofA Securities kept a Buy rating on AA stock. On September 25, 2024, analysts increased their price target for AA shares from 32 to 36.
The Average True Range (ATR) for Alcoa Corp is set at 1.73, with the Price to Sales ratio for AA stock in the period of the last 12 months amounting to 1.08. The Price to Book ratio for the last quarter was 2.25, with the Price to Cash per share for the same quarter was set at 5.27.
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 12.69. With this latest performance, AA shares gained by 8.85% in over the last four-week period, additionally plugging by 8.52% over the last 6 months – not to mention a rise of 72.80% 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 64.31, with the RSI for the last a single of trading hit 66.88, and the three-weeks RSI is set at 62.81 for Alcoa Corp [AA]. The present Moving Average for the last 50 days of trading for this stock 39.91, while it was recorded at 44.11 for the last single week of trading, and 35.97 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 0.80 and a Current Ratio set at 1.41.
Insider trade positions for Alcoa Corp [AA]
There are presently around $69.55%, or 70.08%% of AA stock, in the hands of institutional investors. The top three institutional holders of AA stocks are: VANGUARD GROUP INC with ownership of 17.95 million shares, which is approximately 10.011%. BLACKROCK INC., holding 17.17 million shares of the stock with an approximate value of $$682.84 million in AA stocks shares; and BLACKROCK INC., currently with $$596.93 million in AA stock with ownership which is approximately 8.3698%.
