Alcoa Corp (NYSE: AA)’s stock price has plunge by -2.84relation to previous closing price of 36.23. Nevertheless, the company has seen a -3.54% plunge in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-12 that Alcoa’s (AA) first-quarter 2024 results are expected to bear the brunt of decreasing value-add product sales due to overall lower market demand. However, lower raw material and production costs are expected to provide some relief.
Is It Worth Investing in Alcoa Corp (NYSE: AA) Right Now?
Company’s 36-month beta value is 2.48.Analysts have differing opinions on the stock, with 6 analysts rating it as a “buy,” 3 as “overweight,” 5 as “hold,” and 0 as “sell.”
The public float for AA is 177.40M, and currently, short sellers hold a 8.10% ratio of that floaft. The average trading volume of AA on April 15, 2024 was 6.29M shares.
AA’s Market Performance
AA stock saw an increase of -3.54% in the past week, with a monthly gain of 15.18% and a quarterly increase of 13.99%. The volatility ratio for the week is 4.23%, and the volatility levels for the last 30 days are 4.08% for Alcoa Corp (AA). The simple moving average for the past 20 days is 4.99% for AA’s stock, with a 18.82% simple moving average for the past 200 days.
Analysts’ Opinion of AA
Many brokerage firms have already submitted their reports for AA stocks, with UBS repeating the rating for AA by listing it as a “Sell.” The predicted price for AA in the upcoming period, according to UBS is $29 based on the research report published on January 16, 2024 of the current year 2024.
HSBC Securities, on the other hand, stated in their research note that they expect to see AA reach a price target of $29. The rating they have provided for AA stocks is “Hold” according to the report published on December 07th, 2023.
BofA Securities gave a rating of “Neutral” to AA, setting the target price at $25 in the report published on October 23rd of the previous year.
AA Trading at 16.81% 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 -16.65% of loss for the given period.
Volatility was left at 4.08%, however, over the last 30 days, the volatility rate increased by 4.23%, as shares surge +17.26% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +18.32% upper at present.
During the last 5 trading sessions, AA fell by -3.54%, which changed the moving average for the period of 200-days by +2.24% in comparison to the 20-day moving average, which settled at $33.79. In addition, Alcoa Corp saw 3.53% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at AA starting from Jones Tammi A, who sale 26,468 shares at the price of $30.78 back on Mar 13 ’24. After this action, Jones Tammi A now owns 41,166 shares of Alcoa Corp, valued at $814,582 using the latest closing price.
Jones Tammi A, the EVP & CHRO of Alcoa Corp, sale 1,440 shares at $30.67 during a trade that took place back on Mar 13 ’24, which means that Jones Tammi A is holding 9,265 shares at $44,165 based on the most recent closing price.
Stock Fundamentals for AA
Current profitability levels for the company are sitting at:
- -0.03 for the present operating margin
- 0.02 for the gross margin
The net margin for Alcoa Corp stands at -0.06. The total capital return value is set at -0.03. Equity return is now at value -13.96, with -4.50 for asset returns.
Based on Alcoa Corp (AA), the company’s capital structure generated 0.3 points at debt to capital in total, while cash flow to debt ratio is standing at 0.05. The debt to equity ratio resting at 0.43. The interest coverage ratio of the stock is -2.81.
Currently, EBITDA for the company is 277.0 million with net debt to EBITDA at 1.65. When we switch over and look at the enterprise to sales, we see a ratio of 0.67. The receivables turnover for the company is 13.25for trailing twelve months and the total asset turnover is 0.76. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.45.
Conclusion
In a nutshell, Alcoa Corp (AA) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
