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 Arconic Corporation (ARNC) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.05, or -0.17%, to $29.01. The Arconic Corporation has recorded 928,826 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that Arconic Reports First Quarter 2023 Results.
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Arconic Corporation is listed on the NYSE as a member of the Industrials sector and is a part of the Metal Fabrication industry. At the end of the last regular session, the stock closed at $29.06 and fluctuated between $29.14 as its day high and $29.03 as its day low. The current market capitalization of Arconic Corporation is $2.88B. A total of 3.08 million shares were traded on the day, compared to an average of 2.13M shares.
Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, ARNC has seen 17 BUY and 13 SELL insider trades, representing the acquisition of 196,486 and the disposition of 231,907 shares. Over the last 12 months, there were 31 BUYs and 15 SELLs from insiders. Insiders purchased 264,506 shares during that period but sold 267,044.
In the most recent transaction, Austen William F. bought 10,000 shares of ARNC for 19.84 per share on Nov 21. After the transaction, the Director now owns 10,000 company shares. In a previous transaction on Aug 25, Perreiah Diana B. sold 4,015 shares at 27.40 per share. ARNC shares that Executive Vice President owns now total 126,204.
Among the insiders who sold shares, Miller Melissa M disposed of 31,122 shares on Aug 08 at a per-share price of $28.28. This resulted in the EVP and CHRO holding 66,926 shares of ARNC after the transaction.
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. ARNC’s most recent ex-dividend date was 2/6/2020 when it declared a $0.02 quarterly dividend that was paid in cash on 2/25/2020. Previously, the company paid the dividend on 11/25/2019 with an ex-dividend date of 11/7/2019. The ARNC stock dividend was $0.02 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 ARNC in the last 3 months, the mean price target is $23.50 with high estimates of $26.00 and low estimates of $21.00. In terms of 52-week highs and lows, ARNC has a high of $31.24 and a low of $16.33.
As of this writing, ARNC has an earnings estimate of $0.53 per share for the current quarter. EPS was calculated based on a consensus of 4 estimates, with a high estimate of $0.65 per share and a lower estimate of $0.38. The company reported an EPS of -$2.7 in the last quarter, which was -1,064.30% lower than expectations of $0.28.
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. ARNC’s latest balance sheet shows that the firm has $335.00M in Cash & Short Term Investments as of fiscal 2021. There were $1.72B in debt and $2.06B in liabilities at the time. Its Book Value Per Share was $13.41, while its Total Shareholder’s Equity was $1.56B.
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, 0 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 ARNC is Buy with a score of 3.00.