Here’s Why Alcoa Corp (NYSE: AA) Is A Good Stock To Buy Right Now

The trading price of Alcoa Corp (NYSE:AA) closed lower on Tuesday, May 14, closing at $39.83, -0.82% lower than its previous close.

In examining the 52-week price action we see that the stock hit a 52-week high of $40.31 and a 52-week low of $23.07. Over the past month, the stock has gained 8.91% in value.

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Alcoa Corp, whose market valuation is $7.15 billion at the time of this writing. The dividend yield on the company stock is 1.00%, while its Forward Dividend ratio is 0.40. Investors’ optimism about the company’s current quarter earnings report is understandable.

On the technical side, indicators suggest AA has a 100% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.

A quick review shows that AA’s price is currently 9.14% off the SMA20 and 16.78% off the SMA50. The RSI metric on the 14-day chart is currently showing 65.78, and weekly volatility stands at 3.66%. When measured over the past 30 days, the indicator reaches 4.06%. Alcoa Corp (NYSE:AA)’s beta value is currently sitting at 2.43, while the Average True Range indicator is currently displaying 1.54.

To see how Alcoa Corp stock has been performing in comparison to its peers in the industry, here are the numbers: AA stock’s performance was -0.82% in the latest trading, and 12.61% in the past year.

An evaluation of the daily trading volume of Alcoa Corp (NYSE:AA) indicates that the 3-month average is 6.40 million.

Currently, records show that 178.47 million of the company’s shares remain outstanding. The insiders hold 1.20% of outstanding shares, whereas institutions hold 84.18%. However, since the stock’s price has seen 17.15% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.

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