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Wednesday, February 8, 2023

The Street Is Finally Waking Up To Alcoa Corporation (NYSE: AA)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Alcoa Corporation (AA) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.05, or -0.10%, to $50.22. The Alcoa Corporation has recorded 91,246 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed Alcoa Schedules Fourth Quarter and Full Year 2022 Earnings Release and Conference Call.

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Stocks Info

Alcoa Corporation is listed on the NYSE as a member of the Basic Materials sector and is a part of the Aluminum industry. At the end of the last regular session, the stock closed at $50.27 and fluctuated between $50.65 as its day high and $47.49 as its day low. The current market capitalization of Alcoa Corporation is $8.73B. A total of 6.17 million shares were traded on the day, compared to an average of 6.11M shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, AA has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 53 BUYs and 30 SELLs from insiders. Insiders purchased 834,621 shares during that period but sold 588,068.

In the most recent transaction, Slaven John D sold 28,326 shares of AA for 75.33 per share on Feb 24. After the transaction, the EVP & Chief Operations Officer now owns 54,730 company shares. In a previous transaction on Feb 18, Elam Harden Sonya sold 1,317 shares at 78.19 per share. AA shares that EVP & Chief Ext. Aff. Officer owns now total 33,484.

Among the insiders who sold shares, Beerman Molly S. disposed of 12,500 shares on Feb 04 at a per-share price of $64.53. This resulted in the Senior VP & Controller holding 27,905 shares of AA after the transaction. In another insider transaction, Slaven John D sold 12,267 shares at $62.18 per share on Feb 04. Company shares held by the EVP & Chief Operations Officer now total 61,570.

Dividend

It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. AA’s most recent ex-dividend date was 10/31/2022 when it declared a $0.10 quarterly dividend that was paid in cash on 11/18/2022. Previously, the company paid the dividend on 8/25/2022 with an ex-dividend date of 8/8/2022. The AA stock dividend was $0.10 per share in cash.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for AA in the last 3 months, the mean price target is $50.36 with high estimates of $62.00 and low estimates of $41.00. In terms of 52-week highs and lows, AA has a high of $98.09 and a low of $33.55.

As of this writing, AA has an earnings estimate of -$0.63 per share for the current quarter. EPS was calculated based on a consensus of 8 estimates, with a high estimate of -$0.24 per share and a lower estimate of -$1.1. The company reported an EPS of $2.67 in the last quarter, which was 15.60% higher than expectations of $2.31.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 14 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for AA is Hold with a score of 3.75. A total of 5 analysts rated the stock as Buy while 1 rated it as Overweight while 8 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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