Alcoa Corp (NYSE:AA) has a beta value of 2.45 and has seen 1.68 million shares traded in the recent trading session. The company, currently valued at $6.43B, closed the recent trade at $35.79 per share which meant it lost -$1.86 on the day or -4.94% during that session. The AA stock price is -6.73% off its 52-week high price of $38.20 and 35.54% above the 52-week low of $23.07. The 3-month trading volume is 6.38 million shares.
Alcoa Corp (NYSE:AA) trade information
Sporting -4.94% in the red today, the stock has traded in the red over the last five days, when the AA stock price touched $35.79 or saw a rise of 6.31%. Year-to-date, Alcoa Corp shares have moved 5.26%, while the 5-day performance has seen it change -0.75%. Over the past 30 days, the shares of Alcoa Corp (NYSE:AA) have changed 5.20%.
Alcoa Corp (AA) estimates and forecasts
Figures show that Alcoa Corp shares have outperformed across the wider relevant industry. The company’s shares have gained 52.23% over the past 6 months, with this year growth rate of 108.81%, compared to -19.70% for the industry. Other than that, the company has, however, increased its growth outlook for the 2024 fiscal year revenue. Growth estimates for the current quarter are 105.70% and 125.40% for the next quarter. Revenue growth from the last financial year stood is estimated to be 3.40%.
6 analysts offering their estimates for the company have set an average revenue estimate of $2.72 billion for the current quarter. 5 have an estimated revenue figure of $2.8 billion for the next quarter concluding in Sep 2024. Year-ago sales stood $2.69 billion and $2.59 billion respectively for this quarter and the next, and analysts expect sales will grow by 1.10% for the current quarter and 8.40% for the next.
Earnings growth for 2024 is a modest 96.46% while over the next 5 years, the company’s earnings are expected to increase by 44.30%.
AA Dividends
Alcoa Corp is expected to release its next earnings report in May this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.40 at a share yield of 1.12%. The company’s dividend yield has gone up over the past 12 months.
