Alcoa Corp Stock Today

AA Stock  USD 42.78  2.05  5.03%   

Performance

16 of 100

 
Weak
 
Strong
Solid

Odds Of Distress

Less than 10

 
High
 
Low
Low
Alcoa Corp is trading at 42.78 as of the 6th of November 2024, a 5.03% increase since the beginning of the trading day. The stock's open price was 40.73. Alcoa Corp has less than a 10 % chance of experiencing some financial distress in the next two years of operation and had a solid performance during the last 90 days. Note, on July 22, 2024, Representative Michael McCaul of US Congress acquired $15k to $50k worth of Alcoa Corp's common stock.
Business Domain
Materials
IPO Date
1st of November 2016
Category
Basic Materials
Alcoa Corporation, together with its subsidiaries, produces and sells bauxite, alumina, and aluminum products in the United States, Spain, Australia, Iceland, Norway, Brazil, Canada, and internationally. The company was founded in 1888 and is headquartered in Pittsburgh, Pennsylvania. The company has 258.36 M outstanding shares of which 9.31 M shares are presently sold short in the market by investors with about 1.63 days to cover all shorted shares. More on Alcoa Corp

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Alcoa Stock Highlights

ESG Sustainability
Environmental
Governance
Social
ChairmanSteven Williams
Thematic IdeaSteel Works Etc (View all Themes)
Old Names[AA PLC, Alba Minerals Ltd, Arconic Inc]
Business ConcentrationMetals & Mining, Materials, Basic Materials, NYSE Composite, SP Midcap 400, BETTERINVESTING 100 INDEX, BTRINVSTNG 100 INDEX, Steel Works Etc, Materials, Metals & Mining, Aluminum, Basic Materials (View all Sectors)
Average Analyst Recommendation
Financial Strength
Current ValueLast YearChange From Last Year 10 Year Trend
Asset Turnover0.580.7454
Significantly Down
Pretty Stable
Gross Profit Margin0.00950.01
Notably Down
Slightly volatile
Total Current Liabilities3.2 BB
Sufficiently Up
Slightly volatile
Non Current Liabilities Total5.9 B5.3 B
Moderately Up
Slightly volatile
Total Assets12.7 B14.2 B
Moderately Down
Slightly volatile
Total Current Assets4.4 B4.4 B
Slightly Down
Slightly volatile
Debt Levels
Alcoa Corp can leverage the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Alcoa Corp's financial leverage. It provides some insight into what part of Alcoa Corp's total assets is financed by creditors.
Liquidity
Alcoa Corp reports 1.92 B of total liabilities with total debt to equity ratio (D/E) of 0.26, which may suggest the company is not taking enough advantage from financial leverage. Alcoa Corp has a current ratio of 1.77, which is generally considered normal. Note however, debt could still be an excellent tool for Alcoa to invest in growth at high rates of return.

Change To Inventory

255.15 Million
Alcoa Corp (AA) is traded on New York Stock Exchange in USA. It is located in 201 Isabella Street, Pittsburgh, PA, United States, 15212-5858 and employs 13,600 people. Alcoa Corp is listed under Metals & Mining category by Fama And French industry classification. The company currently falls under 'Large-Cap' category with a market capitalization of 11.05 B. Alcoa Corp is active under Metals & Mining sector as part of Materials industry. The entity has 258.36 M outstanding shares of which 9.31 M shares are presently sold short in the market by investors with about 1.63 days to cover all shorted shares. Alcoa Corp reports about 1.36 B in cash with 91 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 8.09.
Check Alcoa Corp Probability Of Bankruptcy
Ownership Allocation
Alcoa Corp holds a total of 258.36 Million outstanding shares. Over half of Alcoa Corp's outstanding shares are owned by other corporate entities. These other corporate entities are typically referred to as corporate investors that acquire positions in a given instrument to benefit from reduced trade commissions. On July 22, 2024, Representative Michael McCaul of US Congress acquired $15k to $50k worth of Alcoa Corp's common stock.
Check Alcoa Ownership Details

Alcoa Stock Institutional Holders

InstituionRecorded OnShares
Bank Of New York Mellon Corp2024-06-30
2.4 M
Two Sigma Advisers, Llc2024-06-30
2.4 M
Antipodes Partners Limited2024-06-30
2.3 M
Arga Investment Management, Lp2024-06-30
2.3 M
Fisher Asset Management, Llc2024-06-30
2.2 M
Norges Bank2024-06-30
M
Voloridge Investment Management, Llc2024-06-30
M
Jpmorgan Chase & Co2024-06-30
1.9 M
Pointstate Capital Lp2024-06-30
1.7 M
Vanguard Group Inc2024-06-30
17.9 M
Blackrock Inc2024-06-30
17.2 M
View Alcoa Corp Diagnostics

Alcoa Corp Historical Income Statement

At present, Alcoa Corp's Interest Expense is projected to decrease significantly based on the last few years of reporting. The current year's Selling General Administrative is expected to grow to about 231 M, whereas Depreciation And Amortization is forecasted to decline to about 599.3 M. View More Fundamentals

Alcoa Stock Against Markets

Alcoa Corp Corporate Directors

Carol RobertsIndependent DirectorProfile
James HughesIndependent DirectorProfile
Kathryn FullerIndependent DirectorProfile
Mary CitrinoIndependent DirectorProfile

Already Invested in Alcoa Corp?

The danger of trading Alcoa Corp is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Alcoa Corp is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Alcoa Corp. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Alcoa Corp is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Alcoa Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
For information on how to trade Alcoa Stock refer to our How to Trade Alcoa Stock guide.
You can also try the Commodity Directory module to find actively traded commodities issued by global exchanges.
Is Metals & Mining space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Alcoa Corp. If investors know Alcoa will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Alcoa Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.81
Dividend Share
0.4
Earnings Share
(1.64)
Revenue Per Share
57.238
Quarterly Revenue Growth
0.116
The market value of Alcoa Corp is measured differently than its book value, which is the value of Alcoa that is recorded on the company's balance sheet. Investors also form their own opinion of Alcoa Corp's value that differs from its market value or its book value, called intrinsic value, which is Alcoa Corp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Alcoa Corp's market value can be influenced by many factors that don't directly affect Alcoa Corp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Alcoa Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Alcoa Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Alcoa Corp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.