Alcoa Corp Stock Today

AA Stock  USD 42.53  1.31  3.18%   

Performance

19 of 100

 
Weak
 
Strong
Solid

Odds Of Distress

Less than 14

 
High
 
Low
Low
Alcoa Corp is trading at 42.53 as of the 21st of May 2024, a 3.18 percent up since the beginning of the trading day. The stock's open price was 41.22. Alcoa Corp has less than a 14 % 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 October 12, 2022, Representative Virginia Foxx of US Congress acquired under $15k 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 179.56 M outstanding shares of which 12.21 M shares are presently sold short in the market by investors with about 1.7 days to cover all shorted shares. More on Alcoa Corp

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Alcoa Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Alcoa Corp's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Alcoa Corp or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary, Alcoa Corp's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Alcoa Corp's managers, analysts, and investors.
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, Steel Works Etc, Materials, Metals & Mining, Aluminum, Basic Materials (View all Sectors)
Average Analyst Recommendation
Analysts covering Alcoa Corp report their recommendations after researching Alcoa Corp's financial statements, talking to executives and customers, or listening in on Alcoa Corp's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Alcoa Corp. The Alcoa consensus assessment is calculated by taking the average forecast from all of the analysts covering Alcoa Corp.
Financial Strength
Based on the analysis of Alcoa Corp's profitability, liquidity, and operating efficiency, Alcoa Corp is not in a good financial situation at the present time. It has a very high likelihood of going through financial trouble in June. Financial strength of Alcoa Corp is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
Current ValueLast YearChange From Last Year 10 Year Trend
Asset Turnover0.580.7452
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
Alcoa Corp's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Alcoa Corp's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Financial leverage usually refers to 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.
By using current balance sheet information, investors can analyze the liability, assets, and equity on Alcoa Corp's books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how Alcoa Corp deploys its capital and how much of that capital is borrowed.
Liquidity
Alcoa Corp cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company reports 1.81 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. Debt can assist Alcoa Corp until it has trouble settling it off, either with new capital or with free cash flow. So, Alcoa Corp's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Alcoa Corp sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Alcoa to invest in growth at high rates of return. When we think about Alcoa Corp's use of debt, we should always consider it together with cash and equity.

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 'Mid-Cap' category with a market capitalization of 7.64 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Alcoa Corp's market, we take the total number of its shares issued and multiply it by Alcoa Corp's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Alcoa Corp is active under Metals & Mining sector as part of Materials industry. The entity has 179.56 M outstanding shares of which 12.21 M shares are presently sold short in the market by investors with about 1.7 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 179.56 Million outstanding shares. The majority of Alcoa Corp outstanding shares are owned by other corporate entities. These outside corporations are usually referred to as non-private investors looking to acquire positions in Alcoa Corp to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in Alcoa Corp. Please pay attention to any change in the institutional holdings of Alcoa Corp as this could imply that something significant has changed or is about to change at the company. Please note that on October 12, 2022, Representative Virginia Foxx of US Congress acquired under $15k worth of Alcoa Corp's common stock.
Check Alcoa Ownership Details

Alcoa Stock Institutional Holders

Institutional Holdings refers to the ownership stake in Alcoa Corp that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Alcoa Corp's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Alcoa Corp's value.
InstituionRecorded OnShares
Slate Path Capital Lp2023-12-31
2.5 M
Susquehanna International Group, Llp2023-12-31
2.4 M
Jpmorgan Chase & Co2023-12-31
2.4 M
Fisher Asset Management, Llc2023-12-31
2.3 M
Pointstate Capital Lp2023-12-31
2.1 M
Capital Research Global Investors2023-12-31
1.6 M
Goldman Sachs Group Inc2023-12-31
1.5 M
Arga Investment Management, Lp2024-03-31
1.5 M
Amvescap Plc.2023-12-31
1.4 M
Blackrock Inc2023-12-31
21.6 M
Vanguard Group Inc2023-12-31
18 M
View Alcoa Corp Diagnostics

Alcoa Corp Historical Income Statement

Alcoa Corp Income Statement is one of the three primary financial statements used for reporting Alcoa's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Alcoa Corp revenue and expense. Alcoa Corp Income Statement primarily focuses on the company's revenues and expenses during a particular period.
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 599.4 M. View More Fundamentals

Alcoa Stock Against Markets

Picking the right benchmark for Alcoa Corp stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Alcoa Corp stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Alcoa Corp is critical whether you are bullish or bearish towards Alcoa Corp at a given time. Please also check how Alcoa Corp's historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Alcoa Corp without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Alcoa Corp Corporate Directors

Alcoa Corp corporate directors refer to members of an Alcoa Corp board of directors. The board of directors generally takes responsibility for the Alcoa Corp's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Alcoa Corp's board members must vote for the resolution. The Alcoa Corp board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Carol RobertsIndependent DirectorProfile
James HughesIndependent DirectorProfile
Kathryn FullerIndependent DirectorProfile
Mary CitrinoIndependent DirectorProfile

How to buy Alcoa Stock?

Before investing in Alcoa Corp, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Alcoa Corp. To buy Alcoa Corp stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Alcoa Corp. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase Alcoa Corp stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Alcoa Corp stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased Alcoa Corp stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Alcoa Corp, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Alcoa Stock please use our How to Invest in Alcoa Corp guide.

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.
When determining whether Alcoa Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Alcoa Corp's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Alcoa Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Alcoa Corp Stock:
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 tightly coupled 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.
Note that the Alcoa Corp information on this page should be used as a complementary analysis to other Alcoa Corp's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Global Correlations module to find global opportunities by holding instruments from different markets.

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When running Alcoa Corp's price analysis, check to measure Alcoa Corp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Alcoa Corp is operating at the current time. Most of Alcoa Corp's value examination focuses on studying past and present price action to predict the probability of Alcoa Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Alcoa Corp's price. Additionally, you may evaluate how the addition of Alcoa Corp to your portfolios can decrease your overall portfolio volatility.
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Is Alcoa Corp's industry 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
(3.76)
Revenue Per Share
58.794
Quarterly Revenue Growth
(0.03)
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.