Alcoa Corp (NYSE:AA) shares traded 5.16% higher at $33.21 on Wall Street last session.
AA stock price is now 15.88% away from the 50-day moving average and 12.27% away from the 200-day moving average. The market capitalization of the company currently stands at $5.96B.
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With the price target of $29, UBS recently initiated with Sell rating for Alcoa Corp (NYSE: AA). On December 07, 2023, HSBC Securities recently initiated its ‘Hold’ rating on the stock quoting a target price of $29, while ‘BofA Securities’ rates the stock as ‘Neutral’
In other news, Jones Tammi A, EVP & CHRO sold 26,468 shares of the company’s stock on Mar 13 ’24. The stock was sold for $814,582 at an average price of $30.78. Upon completion of the transaction, the EVP & CHRO now directly owns 41,166 shares in the company, valued at $1.37 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 13 ’24, EVP & CHRO Jones Tammi A sold 1,440 shares of the business’s stock. A total of $44,165 was realized by selling the stock at an average price of $30.67. This leaves the insider owning 9,265 shares of the company worth $0.31 million. A total of 1.20% of the company’s stock is owned by insiders.
During the past 12 months, Alcoa Corp has had a low of $23.07 and a high of $42.95. As of last week, the company has a debt-to-equity ratio of 0.46, a current ratio of 1.45, and a quick ratio of 0.74. The fifty day moving average price for AA is $28.77 and a two-hundred day moving average price translates $29.57 for the stock.
The latest earnings results from Alcoa Corp (NYSE: AA) was released for Dec, 2023. According to the Aluminum Company, earnings per share came in at -$0.56, beating analysts’ expectations of -$0.86 by 0.3. This compares to -$2.06 EPS in the same period last year. The net profit margin was -6.08% and return on equity was -13.96% for AA. The company reported revenue of $2.6 billion for the quarter, compared to $2.66 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -2.55 percent. For the current quarter, analysts expect AA to generate $2.55B in revenue.
