You might want to take a look at Alcoa Corp (AA) now

With 4.76 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.78 shares. The 52-week range on AA shows that it touched its highest point at $55.74 and its lowest point at $23.07 during that stretch. It currently has a 1-year price target of $31.36. With its current market cap of 4.80 billion, AA has annualized dividend of $0.35 (1.30%) while the current yield stands at 0.40 (1.49%). Beta for the stock currently stands at 2.47.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of AA was down-trending over the past week, with a drop of -8.82%, but this was down by -15.04% over a month. Three-month performance surged to 5.33% while six-month performance fell -18.22%. The stock lost -46.88% in the past year, while it has lost -20.91% so far this year. A look at the trailing 12-month EPS for AA yields -3.66 with Next year EPS estimates of 2.44. For the next quarter, that number is -0.47. This implies an EPS growth rate of 106.50% for this year and 1557.62% for next year.


Float and Shares Shorts:

At present, 176.97 million AA shares are outstanding with a float of 176.48 million shares on hand for trading. On Jan 31, 2024, short shares totaled 11.74 million, which was 6.58% higher than short shares on Dec 29, 2023. In addition to Mr. William F. Oplinger as the firm’s President, CEO & Director, Ms. Molly S. Beerman serves as its Executive VP & CFO.

Institutional Ownership:

Through their ownership of 82.27% of AA’s outstanding shares, institutional investors have majority control over the company.


Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for AA since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With AA analysts setting a high price target of $45.00 and a low target of $23.00, the average target price over the next 12 months is $31.36. Based on these targets, AA could surge 67.35% to reach the target high and fall by -14.47% to reach the target low. Reaching the average price target will result in a growth of 16.62% from current levels.

Summary of Insider Activity:

Insiders traded AA stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 13 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 50,670 while 0 shares were sold.