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The $48.92 Value Of Alcoa Corporation (NYSE: AA) Should Not Be Underestimated

During the recent session, Alcoa Corporation (NYSE:AA)’s traded shares were 1.62 million, with the beta value of the company hitting 2.34. At the last check today, the stock’s price was $48.92, reflecting an intraday gain of 0.89% or $0.43. The 52-week high for the AA share is $98.09, that puts it down -100.51 from that peak though still a striking 25.16% gain since the share price plummeted to a 52-week low of $36.61. The company’s market capitalization is $8.19B, and the average intraday trading volume over the past 10 days was 6.51 million shares, and the average trade volume was 6.66 million shares over the past three months.

Alcoa Corporation (NYSE:AA) trade information

Alcoa Corporation (AA) registered a 0.89% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 0.89% in intraday trading to $48.92 this Wednesday, 08/03/22, hitting a weekly high. The stock’s 5-day price performance is 1.55%, and it has moved by 15.21% in 30 days. Based on these gigs, the overall price performance for the year is 20.08%. The short interest in Alcoa Corporation (NYSE:AA) is 9.34 million shares and it means that shorts have 1.47 day(s) to cover.

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Alcoa Corporation (AA) estimates and forecasts

Statistics show that Alcoa Corporation has underperformed its competitors in share price, compared to the industry in which it operates. Alcoa Corporation (AA) shares have gone down -16.64% during the last six months, with a year-to-date growth rate less than the industry average at -4.39% against 0.00. Yet analysts are ramping up their growth forecast for the fiscal year 2022. Revenue is predicted to shrink -61.00% this quarter and then drop -60.40% in the quarter after that. In the rating firms’ projections, revenue will increase 8.00% compared to the previous financial year.

Revenue for the current quarter is expected to be $3.03 billion as predicted by 7 analyst(s). Meanwhile, a consensus of 6 analyst(s) estimates revenue growth to $3.13 billion by the end of Dec 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.

AA Dividends

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 0.88% of total outstanding shares while institutional holders control 89.02%, with the float percentage being 89.81%. Blackrock Inc. is the largest shareholder of the company, while 773 institutions own stock in it. As of Mar 30, 2022, the company held over 20.08 million shares (or 11.16% of all shares), a total value of $1.81 billion in shares.

The next largest institutional holding, with 18.09 million shares, is of Vanguard Group, Inc. (The)’s that is approximately 10.05% of outstanding shares. At the market price on Mar 30, 2022, these shares were valued at $1.63 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 Mar 30, 2022 indicates that Vanguard Total Stock Market Index Fund owns about 5.39 million shares. This amounts to just over 3.00 percent of the company’s overall shares, with a $485.47 million market value. The same data shows that the other fund manager holds slightly less at 5.31 million, or about 2.95% of the stock, which is worth about $242.16 million.

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