Alcoa Corp (NYSE: AA) Prices Could Soar To Much Higher Levels In Coming Months

In the latest trading session,, 2.33 million Alcoa Corp (NYSE:AA) shares changed hands as the company’s beta touched 2.44. With the company’s most recent per share price at $35.61 changed hands at -$0.96 or -2.63% at last look, the market valuation stands at $6.39B. AA’s current price is a discount, trading about -18.59% off its 52-week high of $42.23. The share price had its 52-week low at $23.07, which suggests the last value was 35.21% up since then. When we look at Alcoa Corp’s average trading volume, we note the 3-month average coming to 6.41 million.

Alcoa Corp (NYSE:AA) trade information

Instantly AA was in red as seen in intraday trades today. With action -3.29%, the performance over the past five days has been red. The drop to weekly highs of 38.03 subtracted -2.63% to the stock’s daily price. The company’s shares are showing year-to-date upside of 4.74%, with the 5-day performance at -3.29% in the red. However, in the 30-day time frame, Alcoa Corp (NYSE:AA) is 16.98% up. Looking at the short shares, we see there were N/A shares sold at short interest cover period of N/A days.

Alcoa Corp (AA) estimates and forecasts

Data shows that the Alcoa Corp share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 33.97% over the past 6 months, a 114.54% in annual growth rate that is considerably higher than the industry average of -19.70%. The 2024 estimates are for Alcoa Corp earnings to increase by 99.43%, but the outlook for the next 5-year period is at 44.30% per year.

AA Dividends

Alcoa Corp is expected to release its next quarterly earnings report in May. The 1.12% annual yield figure for the share gives it an annual dividend of 0.40. It is important to note, however, that the 1.12% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision.