Alcoa Corp (NYSE:AA) shares, rose in value on Thursday, April 25, with the stock price down by -2.30% to the previous day’s close as strong demand from buyers drove the stock to $35.25.
Actively observing the price movement in the recent trading, the stock is buoying the session at $36.08. Referring to stock’s 52-week performance, its high was $38.20, and the low was $23.07. On the whole, AA has fluctuated by 11.62% over the past month.
The company’s Forward Dividend Ratio is 0.40, with its dividend yield at 1.13%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 10.92B, with a low estimate of 2.58B and a high estimate of 2.87B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 2.72B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that AA’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of AA currently trading nearly -1.37% and 11.82% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 54.61, while the 7-day volatility ratio is showing 4.63% which for the 30-day chart, stands at 4.27%. Furthermore, Alcoa Corp (AA)’s beta value is 2.45, and its average true range (ATR) is 1.54.
A comparison of Alcoa Corp (AA) with its peers suggests the former has fared considerably weaker in the market. AA showed an intraday change of -2.30% in today’s session so far, and over the past year, it shrunk by -1.40%%.
Data on historical trading for Alcoa Corp (NYSE:AA) indicates that the trading volumes over the past 3 months, they’ve averaged 6.36 million. According to company’s latest data on outstanding shares, there are 178.47 million shares outstanding.
Nearly 1.20% of Alcoa Corp’s shares belong to company insiders and institutional investors own 84.67% of the company’s shares. The stock has risen by 3.68% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the AA stock heading into the next quarter.
