Home  »  Science   »  Alcoa Corporation (NYSE:AA) Drops -13.03 Percent I...

Alcoa Corporation (NYSE:AA) Drops -13.03 Percent In A Week: What Motivates The Stock?

In last trading session, Alcoa Corporation (NYSE:AA) saw 9.84 million shares changing hands with its beta currently measuring 2.33. Company’s recent per share price level of $37.52 trading at -$1.89 or -4.80% at ring of the bell on the day assigns it a market valuation of $6.86B. That closing price of AA’s stock is at a discount of -161.43% from its 52-week high price of $98.09 and is indicating a discount of -4.93% from its 52-week low price of $39.37. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 8.34 million shares which gives us an average trading volume of 6.00 million if we extend that period to 3-months.

Alcoa Corporation (NYSE:AA) trade information

Upright in the red during last session for losing -4.80%, in the last five days AA remained trading in the red while hitting it’s week-highest on Monday, 09/19/22 when the stock touched $37.52 price level, adding 16.84% to its value on the day. Alcoa Corporation’s shares saw a change of -37.03% in year-to-date performance and have moved -13.03% in past 5-day. Alcoa Corporation (NYSE:AA) showed a performance of -29.33% in past 30-days. Number of shares sold short was 9.34 million shares which calculate 1.47 days to cover the short interests.

China Can't Stop US$0.25 Stock from Mining Ultra-Rare Metal

Here's one little-known company — trading undiscovered below 25-cents per share — that's advancing one of the largest and highest quality REE deposits in all of North America... and the Chinese can't do a damn thing about it! It's early stage... and that's excellent news for individual investors like you who have the foresight to act decisively on an emerging megatrend that's already being measured in the Tens of $Billions.

Simply click here and the name & trading symbol are yours.


Alcoa Corporation (AA) estimates and forecasts

Statistics highlight that Alcoa Corporation is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -60.18% of value to its shares in past 6 months, showing an annual growth rate of 4.83% while that of industry is 5.90. Apart from that, the company came raising its revenue forecast for fiscal year 2022. The company is estimating its revenue growth to decrease by -61.00% in the current quarter and calculating -60.40% decrease in the next quarter. This year revenue growth is estimated to rise 8.00% from the last financial year’s standing.

7 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $3.03 billion for the same. And 6 analysts are in estimates of company making revenue of $3.13 billion in the next quarter that will end on Dec 2022.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 24.80% during past 5 years.

AA Dividends

Alcoa Corporation is more likely to be releasing its next quarterly report between April 13 and April 18 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

Alcoa Corporation (NYSE:AA)’s Major holders

Insiders are in possession of 0.88% of company’s total shares while institution are holding 89.02 percent of that, with stock having share float percentage of 89.81%. Investors also watch the number of corporate investors in a company very closely, which is 89.02% institutions for Alcoa Corporation that are currently holding shares of the company. Blackrock Inc. is the top institutional holder at AA for having 20.08 million shares of worth $1.81 billion. And as of Mar 30, 2022, it was holding 11.16% of the company’s outstanding shares.

The second largest institutional holder is Vanguard Group, Inc. (The), which was holding about 18.09 million shares on Mar 30, 2022. The number of shares represents firm’s hold over 10.05% of outstanding shares, having a total worth of $1.63 billion.

On the other hand, Vanguard Total Stock Market Index Fund and iShares Core S&P Midcap ETF are the top two Mutual Funds which own company’s shares. As of Mar 30, 2022, the former fund manager was holding 5.39 million shares of worth $485.47 million or 3.00% of the total outstanding shares. The later fund manager was in possession of 5.31 million shares on Jun 29, 2022, making its stake of worth around $242.16 million in the company or a holder of 2.95% of company’s stock.

Leave a Comment

Your email address will not be published.

On Key

Related Posts