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 Corp (AA) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.01, or -0.04%, to $26.52. The Alcoa Corp has recorded 107,122 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that Alcoa Corporation Reports Third Quarter 2023 Results.
Alcoa Corp 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 $26.53 and fluctuated between $27.00 as its day high and $26.14 as its day low. The current market capitalization of Alcoa Corp is $4.73B. A total of 5.45 million shares were traded on the day, compared to an average of 6.07M shares.
Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, AA has seen 1 BUY and 0 SELL insider trades, representing the acquisition of 5,550 and the disposition of 0 shares. Over the last 12 months, there were 35 BUYs and 27 SELLs from insiders. Insiders purchased 1,008,701 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.
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 10/30/2023 when it declared a $0.10 quarterly dividend that was paid in cash on 11/17/2023. Previously, the company paid the dividend on 8/24/2023 with an ex-dividend date of 8/7/2023. 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 $29.65 with high estimates of $45.00 and low estimates of $23.00. In terms of 52-week highs and lows, AA has a high of $57.61 and a low of $23.07.
As of this writing, AA has an earnings estimate of -$0.72 per share for the current quarter. EPS was calculated based on a consensus of 6 estimates, with a high estimate of -$0.31 per share and a lower estimate of -$1.1. The company reported an EPS of -$0.35 in the last quarter, which was 32.70% higher than expectations of -$0.52.
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. 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 $25.26, while its Total Shareholder’s Equity was $6.25B.
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 AA is Buy with a score of 3.18.