Alcoa Corp [NYSE: AA] loss -2.14% or -0.9 points to close at $41.09 with a heavy trading volume of 4919773 shares.
The daily chart for AA points out that the company has recorded 2.19% gains over the past six months.
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If we look at the average trading volume of 5.09M shares, AA reached to a volume of 4919773 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying 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 $49.48 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 1.81, with the Price to Sales ratio for AA stock in the period of the last 12 months amounting to 0.97. The Price to Book ratio for the last quarter was 2.02, with the Price to Cash per share for the same quarter was set at 5.27.
Trading performance analysis for AA stock
Alcoa Corp [AA] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -10.48. With this latest performance, AA shares dropped by -8.24% in over the last four-week period, additionally plugging by 2.19% over the last 6 months – not to mention a rise of 64.23% 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 39.27, with the RSI for the last a single of trading hit 30.14, and the three-weeks RSI is set at 44.80 for Alcoa Corp [AA]. The present Moving Average for the last 50 days of trading for this stock 42.48, while it was recorded at 43.52 for the last single week of trading, and 37.15 for the last 200 days.
Alcoa Corp [AA]: A deeper dive into fundamental analysis
Alcoa Corp’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.80 and a Current Ratio set at 1.41.
An analysis of Institutional ownership at Alcoa Corp [AA]
There are presently around $75.91%, or 76.48%% 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 9.9713%. 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 8.3366%.
