Alcoa Corp (NYSE: AA) Could Achieve Gains In The Near Future

After Hours

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.

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Stocks Info

Alcoa Corp is listed on the NYSE in the Basic Materials sector while operating in the Aluminum industry. The current market capitalization of Alcoa Corp is $6.58B. A total of 3.55 million shares were traded on the day, compared to an average of 6.38M shares.

In the most recent transaction, Jones Tammi A sold 26,468 shares of AA for 30.78 per share on Mar 13 ’24. After the transaction, the EVP & CHRO now owns 41,166 company shares. In a previous transaction on Mar 13 ’24, Jones Tammi A sold 1,440 shares at 30.67 per share. AA shares that EVP & CHRO owns now total 9,265.

Dividend

The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. AA’s most recent ex-dividend date was 3/4/2024 when it declared a $0.10 quarterly dividend that was paid in cash on 3/21/2024. Previously, the company paid the dividend on 11/17/2023 with an ex-dividend date of 10/30/2023. The AA stock dividend was $0.10 per share in cash.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. In terms of 52-week highs and lows, AA has a high of $38.20 and a low of $23.07.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future 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 $1.87B in debt and $3.22B in liabilities at the time. Its Book Value Per Share was $22.24, while its Total Shareholder’s Equity was $6.28B.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in 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 3.60.

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