During the last session, Alcoa Corporation (NYSE:AA)’s traded shares were 6.42 million, with the beta value of the company hitting 2.29. At the end of the trading day, the stock’s price was $48.90, reflecting an intraday loss of -2.36% or -$1.18. The 52-week high for the AA share is $98.09, that puts it down -100.59 from that peak though still a striking 36.61% gain since the share price plummeted to a 52-week low of $31.00. The company’s market capitalization is $9.09B, and the average trade volume was 6.97 million shares over the past three months.
Alcoa Corporation (AA) received a consensus recommendation of an Overweight from analysts. That translates to a mean rating of 2.20. AA has a Sell rating from 0 analyst(s) out of 14 analysts who have looked at this stock. 6 analyst(s) recommend to Hold the stock while 1 suggest Overweight, and 7 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be $3.2.
Alcoa Corporation (NYSE:AA) trade information
Alcoa Corporation (AA) registered a -2.36% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -2.36% in intraday trading to $48.90 this Wednesday, 06/22/22, hitting a weekly high. The stock’s 5-day price performance is -0.04%, and it has moved by -19.27% in 30 days. Based on these gigs, the overall price performance for the year is 44.21%.
The consensus price target of analysts on Wall Street is $87.37, which implies an increase of 44.03% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $55.00 and $106.00 respectively. As a result, AA is trading at a discount of -116.77% off the target high and -12.47% off the low.
Alcoa Corporation (AA) estimates and forecasts
Statistics show that Alcoa Corporation has outperformed its competitors in share price, compared to the industry in which it operates. Alcoa Corporation (AA) shares have gone down -7.93% during the last six months, with a year-to-date growth rate more than the industry average at 69.99% against 20.90. Yet analysts are ramping up their growth forecast for the fiscal year 2022. Revenue is predicted to grow 114.80% this quarter and then jump 40.00% in the quarter after that. In the rating firms’ projections, revenue will increase 18.00% compared to the previous financial year.
Revenue for the current quarter is expected to be $3.65 billion as predicted by 8 analyst(s). Meanwhile, a consensus of 7 analyst(s) estimates revenue growth to $3.66 billion by the end of Sep 2022.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 24.80%. While earnings are projected to return 347.00% in 2022.
Alcoa Corporation is due to release its next quarterly earnings between April 13 and April 18. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Alcoa Corporation is 0.40, with the dividend yield indicating at 0.82 percent, continuing the trend of increasing dividends in recent years.
Alcoa Corporation (NYSE:AA)’s Major holders
Alcoa Corporation insiders own 0.85% of total outstanding shares while institutional holders control 88.85%, with the float percentage being 89.62%. Blackrock Inc. is the largest shareholder of the company, while 765 institutions own stock in it. As of Mar 30, 2022, the company held over 20.08 million shares (or 10.89% of all shares), a total value of $1.81 billion in shares.
The next largest institutional holding, with 18.12 million shares, is of Vanguard Group, Inc. (The)’s that is approximately 9.82% of outstanding shares. At the market price on Dec 30, 2021, these shares were valued at $1.08 billion.
Also, the Mutual Funds coming in first place with the largest holdings of Alcoa Corporation (AA) shares are Vanguard Total Stock Market Index Fund and iShares Core S&P Midcap ETF. Data provided on Dec 30, 2021 indicates that Vanguard Total Stock Market Index Fund owns about 5.32 million shares. This amounts to just over 2.88 percent of the company’s overall shares, with a $316.84 million market value. The same data shows that the other fund manager holds slightly less at 5.19 million, or about 2.82% of the stock, which is worth about $294.52 million.