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Wednesday, September 27, 2023

This Is Too Hot For Alcoa Corporation (NYSE: AA), Let’s Take A Closer Look

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for Alcoa Corporation (AA) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.08, or 0.27%, to $30.16. The Alcoa Corporation has recorded 3,196,238 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that Alcoa’s Executive Vice President and Chief Financial Officer to Participate in Morgan Stanley 11th Annual Laguna Conference.

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Stocks Info

As a NYSE listed company, AA falls under the Basic Materials sector while operating within the Aluminum industry segment. At the end of the last regular session, the stock closed at $30.08 and fluctuated between $30.83 as its day high and $29.56 as its day low. The current market capitalization of Alcoa Corporation is $5.47B. A total of 19.15 million shares were traded on the day, compared to an average of 5.41M shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, AA has seen 2 BUY and 0 SELL insider trades, representing the acquisition of 5,712 and the disposition of 0 shares. Over the last 12 months, there were 45 BUYs and 27 SELLs from insiders. Insiders purchased 1,024,544 shares during that period but sold 717,302.

In the most recent transaction, Harvey Roy Christopher sold 30,000 shares of AA for 51.34 per share on Feb 08. After the transaction, the President, CEO & Director now owns 950,140 company shares. In a previous transaction on Feb 01, Bacchi Renato sold 10,000 shares at 53.50 per share. AA shares that EVP & CSIO owns now total 59,567.

Among the insiders who sold shares, Elam Harden Sonya disposed of 4,514 shares on Jan 31 at a per-share price of $51.87. This resulted in the EVP & Chief Ext. Aff. Officer holding 29,427 shares of AA after the transaction. In another insider transaction, Oplinger William F sold 0 shares at $52.75 per share on Jan 30. Company shares held by the EVP & CFO now total 71,560.


Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. AA’s most recent ex-dividend date was 8/7/2023 when it declared a $0.10 quarterly dividend that was paid in cash on 8/24/2023. Previously, the company paid the dividend on 6/2/2023 with an ex-dividend date of 5/15/2023. The AA stock dividend was $0.10 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for AA in the last 3 months, the mean price target is $38.08 with high estimates of $55.00 and low estimates of $25.00. In terms of 52-week highs and lows, AA has a high of $57.61 and a low of $27.76.

As of this writing, AA has an earnings estimate of $Boeing Company (The) per share for the current quarter. EPS was calculated based on a consensus of C3.ai, Inc. estimates, with a high estimate of $Brookfield Real Assets Income F per share and a lower estimate of $Mastercard Incorporated.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. AA’s latest balance sheet shows that the firm has $1.81B in Cash & Short Term Investments as of fiscal 2021. There were $1.73B in debt and $3.22B in liabilities at the time. Its Book Value Per Share was $27.20, while its Total Shareholder’s Equity was $6.25B.

Analysts Opinion

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. 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 AA is Buy with a score of 3.36.

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