Alcoa Corporation (NYSE:AA) went up by 2.65% from its latest closing price compared to the recent 1-year high of $38.07. The company’s stock price has collected 2.20% of gains in the last five trading sessions. The Wall Street Journal reported on 04/16/21 that Alcoa, DraftKings, PPG, Morgan Stanley: What to Watch When the Stock Market Opens Today
Is It Worth Investing in Alcoa Corporation (NYSE :AA) Right Now?
Plus, the 36-month beta value for AA is at 2.71. Opinions of the stock are interesting as 7 analysts out of 13 who provided ratings for Alcoa Corporation declared the stock was a “buy,” while 0 rated the stock as “overweight,” 6 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $38.14, which is -$0.29 below the current price. AA currently public float of 184.82M and currently shorts hold a 5.14% ratio of that float. Today, the average trading volume of AA was 6.82M shares.
AA’s Market Performance
AA stocks went up by 2.20% for the week, with a monthly jump of 16.69% and a quarterly performance of 99.84%, while its annual performance rate touched 389.08%. The volatility ratio for the week stands at 4.11% while the volatility levels for the past 30 days are set at 4.97% for Alcoa Corporation. The simple moving average for the period of the last 20 days is 11.09% for AA stocks with a simple moving average of 82.96% for the last 200 days.
Analysts’ Opinion of AA
Many brokerage firms have already submitted their reports for AA stocks, with JP Morgan repeating the rating for AA by listing it as a “Overweight.” The predicted price for AA in the upcoming period, according to JP Morgan is $39 based on the research report published on April 23rd of the current year 2021.
Morgan Stanley, on the other hand, stated in their research note that they expect to see AA reach a price target of $43. The rating they have provided for AA stocks is “Overweight” according to the report published on March 24th, 2021.
Deutsche Bank gave a rating of “Buy” to AA, setting the target price at $36 in the report published on March 17th of the current year.
AA Trading at 20.80% from the 50-Day Moving Average
After a stumble in the market that brought AA to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -1.21% of loss for the given period.
Volatility was left at 4.97%, however, over the last 30 days, the volatility rate increased by 4.11%, as shares surge +19.21% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +62.60% upper at present.
During the last 5 trading sessions, AA rose by +2.20%, which changed the moving average for the period of 200-days by +178.80% in comparison to the 20-day moving average, which settled at $34.16. In addition, Alcoa Corporation saw 63.17% in overturn over a single year, with a tendency to cut further gains.
Reports are indicating that there were more than several insider trading activities at AA starting from Reyes Timothy D., who sale 20,260 shares at the price of $36.82 back on Apr 26. After this action, Reyes Timothy D. now owns 70,831 shares of Alcoa Corporation, valued at $745,904 using the latest closing price.
Harvey Roy Christopher, the President, CEO & Director of Alcoa Corporation, sale 238,037 shares at $32.91 during a trade that took place back on Apr 20, which means that Harvey Roy Christopher is holding 529,672 shares at $7,834,060 based on the most recent closing price.
Stock Fundamentals for AA
Current profitability levels for the company are sitting at:
- +5.68 for the present operating margin
- +8.16 for the gross margin
The net margin for Alcoa Corporation stands at -1.81. The total capital return value is set at 6.88, while invested capital returns managed to touch -2.87. Equity return is now at value -12.80, with -3.30 for asset returns.
Based on Alcoa Corporation (AA), the company’s capital structure generated 78.74 points at debt to equity in total, while total debt to capital is 44.05. Total debt to assets is 17.54, with long-term debt to equity ratio resting at 76.86. Finally, the long-term debt to capital ratio is 43.00.
When we switch over and look at the enterprise to sales, we see a ratio of 0.74, with the company’s debt to enterprise value settled at 0.37. The receivables turnover for the company is 15.41 and the total asset turnover is 0.64. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.64.