Alcoa Corp (NYSE:AA) price is hovering higher on Monday, April 15, jumping 4.97% above its previous close.
A look at today’s price movement shows that the recent level at last check reads $35.20. Taking into account the 52-week price action we note that the stock hit a 52-week high of $42.23 and 52-week low of $23.07. The stock added 23.08% on its value in the past month.
Alcoa Corp, which has a market valuation of $6.63 billion. The company stock has a Forward Dividend ratio of 0.40, while the dividend yield is 1.08%. It is understandable that investor optimism is growing ahead of the company’s current quarter results.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give AA a short term outlook of 100% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Buy, while an average of long term indicators are currently assigning the stock as 100% Buy.
The overview shows that AA’s price is at present 9.36% off the SMA20 and 22.17% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 66.59, with weekly volatility standing at 4.23%. The indicator jumps to 4.08% when calculated based on the past 30 days. Alcoa Corp (NYSE:AA)’s beta value is holding at 2.47, while the average true range (ATR) indicator is currently reading 1.50.
An analysis of the Alcoa Corp (NYSE:AA) stock in terms of its daily trading volume indicates that the 3-month average is 6.35 million.
Current records show that the company has 178.47M in outstanding shares. The insiders’ percentage holdings are 1.20% of outstanding shares while the percentage share held by institutions stands at 85.25%. But the 8.68% upside, the stock’s price has registered year-to-date as of today’s value, will likely reignite investor interest given the prospect of it rallying even higher.
