The sharp rally was driven by an increase in global aluminum prices. Making the world smarter, happier, and richer. Alcoa had a negative net margin of 6.78% and a positive trailing twelve-month return on equity of 4.02%. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. In the past three months, Alcoa insiders have not sold or bought any company stock. Please log in to your account or sign up in order to add this asset to your watchlist. Key Points Alcoa shares shot up this year on higher aluminum prices. Aluminum price per ton has increased almost 20% in the last six months from $2,130 to $2,555, and over the last one year the price of aluminum is up more than 40%. View analysts price targets for AA or view top-rated stocks among Wall Street analysts. It is exposed to commodity prices. Sign In. The company employs 13,100 workers across the globe. Generally the average return for a stock after a rise is lower than after a fall. According to the Trefis Machine Learning Engine, which identifies trends in a companys stock price data for the last ten years, returns for AA stock average close to 5% in the next one-month (21 trading days) period after experiencing a 10% decline over the previous one-week (five trading days) period. Bank of America, JPMorgan, Goldman Sachs Set For Dividend Growth? Alcoa Stock Drops 18% In A Week - What Should You Know? Sold this over a year ago. Alcoa Stock Forecast: down to 14.007 USD? - 302 Found AA stock fares better after Case 2, with an average return of 3.1% over the next month (21 trading days) under Case 1 (where the stock has just suffered a 5% loss over the previous week), versus, an average return of 5.7% for Case 2. Constellation Brands Stock Swings After Earnings Announcement, Freeport-McMoRan: Analysts Bullish Ahead Of Growth Copper's Spurt, The Nike Rebound Is Over; Buying Opportunity Ahead, Verve Therapeutics Gains 20.74% In June as Ark Funds Invest, Moderna: Declining Performance And Relative Weakness. Tesla: Can Downgrades Make Sense After A 170% Rally? Trefis Team for To order presentation-ready copies for distribution to your colleagues, clients or customers visit http://www.djreprints.com. In comparison, the S&P 500 has an average return of 3.1% over the next 21 trading days under Case 1, and an average return of just 0.5% for Case 2 as detailed in our dashboard that details the average return for the S&P 500 after a fall or rise. Minerals have had a huge run. Alcoa Stock Forecast, Price & News (NYSE:AA) - MarketBeat Download the FREE Report Here: . Alcoa (AA) Stock Sinks as Aluminum Shipments Fall in Sign of Waning View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. You can test the chance of recovery over different time intervals of a quarter, month, or even just 1 day! Compare Top Brokerages Here. Is Alcoa a good investment or a top pick? Alcoa's revenue for the quarter was down 18.9% compared to the same quarter last year. Why Alcoa Stock Is Crashing Today Alcoa Corp. shares dropped the most in eight months after the aluminum producer said sales slumped as prolonged supply-chain disruptions curbed shipments, raising concern that the tie-ups may erode customer demand for the metal. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. }); Its pretty powerful to test the trend for yourself for Alcoa stock by changing the inputs in the charts above. AA News Today | Why did Alcoa stock go down today? - MarketBeat This is not the Alcoa of old. Aug 22, 2021 01:52PM EDT. It's a wait-and-watch situation for now. Identify stocks that meet your criteria using seven unique stock screeners. Why Shares of Alcoa Are Falling Today - Stock Investing & Stock Market Tesla: Can Downgrades Make Sense After A 170% Rally? MACHINE LEARNING ENGINE try it yourself: IF AA stock moved by -5% over five trading days, THEN over the next 21 trading days, AA stock moves an average of 2.4 percent, which implies a return which is 1% higher than that of the S&P500. Alcoa has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. 2023, Nasdaq, Inc. All Rights Reserved. SMART Global Holdings Momentum, Room To Move Higher? Create your Watchlist to save your favorite quotes on Nasdaq.com. Transform Your Portfolio With This Simple Morning Trade! See allTrefis Price EstimatesandDownloadTrefis Datahere, Whats behind Trefis? But how would these numbers change if you are interested in holding AA stock for a shorter or a longer time period? Homebuilder Stocks Steady; Can They Stay That Way? With Aluminum Prices On The Decline, What Next For Alcoa? Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. Jan 26, 2021 10:36PM EST Alcoa stock (NYSE: AA) dropped 18% in just the last one week. Don't buy something top of market. Inflation will be transitory. problem with the site, feel free to email us at : Each headline receives a score ranging from 2 (good news) to -2 (bad news). But will AA stock continue its downward trajectory over the coming weeks, or is a recovery in the stock more likely? Our daily ratings and market update email newsletter. Would hold but not buy more. AMD, Game-Changing News, Stock Price Rises. But what if you had the insights to effectively evaluate a company like Alcoa Corp before investing? Buy, Sell or Hold: Alcoa (AA-N) Stock Predictions at Stockchase promotes any investment strategies. recommended to SELL the stock. See How Its Powering New Collaboration and What-Ifs ForCFOs and Finance Teams|Product, R&D, and Marketing Teams. The company offers primary aluminum in the form of alloy ingot or value-add ingot to customers that produce products for the transportation, building and construction, packaging, wire, and other industrial markets. Why Alcoa Stock Is Soaring This Week and May Not Stop | Nasdaq AAs returns over the next N days after a 5% change over the last 5 trading days is detailed in the table below, along with the returns for the S&P500: googletag.cmd.push(function() { As of May 31st, there was short interest totaling 6,300,000 shares, a decline of 22.5% from the May 15th total of 8,130,000 shares. Already a subscriber? Read our dividend analysis for AA. Heres ahigh-quality portfolio thats beaten the marketsince 2016. This is also a significant improvement from the Q3 2020 loss of $1.17/share. You can test the answer and many other combinations on the Trefis Machine Learning Engine to test AA stock chances of a rise after a fall and vice versa. While X stock may have moved a lot, 2020 has created many pricing discontinuities which can offer attractive trading opportunities. Read stock experts' recommendations for help on deciding if you should buy, sell or hold the stock. stock closed at a price of $33.93. There are better values in less cyclical businesses that will have long term earnings growth. Type a symbol or company name. To see all exchange delays and terms of use please see Barchart's disclaimer. Aluminum goes into everything, and the rising cost has squeezed gross margins of a lot of the buyers. Despite the future drop off, there's still time to enjoy AA stock's growth. What if youre looking for a more balanced portfolio instead? For AA stock, the returns over the next N days after a -5% change over the last 5 trading days is detailed in the table below, along with the returns for the S&P500: Question 3: What about the average return after a rise if you wait for a while? This chart compares the number of articles about this company in the last seven days compared with the average number of articles about this company on a typical week. Please log in to your account or sign up in order to add this asset to your watchlist. Why Is Alcoa Stock Going Down? Management also said its raw materials earnings would be flat on a sequential basis, after previously forecasting an improvement. What's Behind The 80% Jump In Alcoa Stock? | Nasdaq If a green pivot is to happen, power grids must become supergrids, continent-spanning networks that can move green energy thousands of miles. Why Alcoa's Rebound Was A Fad (NYSE:AA) | Seeking Alpha 0.67Average Industrial Products News Sentiment. Based on an average daily trading volume, of 4,670,000 shares, the short-interest ratio is currently 1.3 days. Alcoa pays a meaningful dividend of 1.18%, higher than the bottom 25% of all stocks that pay dividends. Which Stock Is A Better Pick For The Next Three Years FedEx Or UNH? Investors of record on Tuesday, May 16th will be given a dividend of $0.10 per share on Friday, June 2nd. AAs returns over the next N days after a 5% change over the last 5 trading days is detailed in the table below, along with the returns for the S&P500: Its pretty powerful to test the trend for yourself for Alcoa stock by changing the inputs in the charts above. Alcoa Has a Profit Margin Problem. At Least the Demand Outlook Is Alcoa Stock Sheds 10% Of Its Value Within A Week - Here's Why - Forbes While AA stock may have moved, 2020 has created many pricing discontinuities which can offer attractive trading opportunities. With an aim to combat the . Why Alcoa Stock Plunged Today | The Motley Fool But how would these numbers change if you are interested in holding AA stock for a shorter or a longer time period? television programs (in particular Business News Network), neither recommends nor Cost basis and return based on previous market day close. If you buy and hold Alcoa stock, the expectation is over time the near-term fluctuations will cancel out, and the long-term positive trend will favor you - at least if the company is otherwise strong. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. 1-Year Forecast * 14.007 USD Historical index on US Stock Market : A+ "Should I invest in Alcoa stock?" "Should I trade "AA" stock today?" According to our live Forecast System, Alcoa Corp stock is a bad long-term (1-year) investment*. The Motley Fool has a disclosure policy. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. Get 30 Days of MarketBeat All Access Free, By creating a free account, you agree to our, Buffett's Berkshire Increases Stake In Occidental Petroleum (OXY). The primary reason for this drop has been news from China. Needless to say, investors are worried now that metal prices are showing signs of cooling down, and that's weighing down the stock price. Export data to Excel for your own analysis. googletag.display('js-dfp-tag-VeE'); Copper and aluminum held in government strategic stockpiles were specifically named as targets of the action. David Westin speaks with top names in finance about the week's biggest issues on Wall Street. What if youre looking for a more balanced portfolio instead? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates. You can test the chance of recovery over different time intervals of a quarter, month, or even just one day! How will Alcoa's stock buyback program work? You can test the answer and many other combinations on the Trefis Machine Learning to test Alcoa stock chances of a rise after a fall and vice versa. Earnings reports or recent company news can cause the stock price to drop. For AA stock, the returns over the next N days after a -5% change over the last 5 trading days is detailed in the table below, along with the returns for the S&P500: Question 3: What about the average return after a rise if you wait for a while? Get short term trading ideas from the MarketBeat Idea Engine. This suggests a possible upside of 41.8% from the stock's current price. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Copy and paste multiple symbols separated by spaces. Alcoa was recommended as a Top Pick by on . Currency in USD 34.43 +1.44 (+4.36%) At close: 04:00PM EDT 34.32 -0.11. AAs returns over the next N days after a 5% change over the last five trading days is detailed in the table below, along with the returns for the S&P500: Its pretty powerful to test the trend for yourself for Alcoa stock by changing the inputs in the charts above. Alcoa stock (NYSE: AA) dropped almost 10% in the last one month and currently trades close to $36 per share. Bloomberg View columnist Barry Ritholtz looks at the people and ideas that shape markets, investing and business. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. Earlier this week, data coming from China revealed lower-than-expected 6.4% growth in industrial production for July. Alcoa has a PEG Ratio of 72.98. The official website for the company is www.alcoa.com. American Consumer News, LLC dba MarketBeat 2010-2023. It has gotten ahead of themselves. So important in light weighting vehicles. This was in line with rising demand and expectations of more stimulus measures, which led to a commodity price rally, before Chinese authorities intervened last week. Why is Alcoa stock going down? - TimesMojo The market is unsure if the stock can maintain momentum given the sell-off in base metals. But how would these numbers change if you are interested in holding Alcoa stock for a shorter or a longer time period? That pretty much explains why Alcoa shares fell today. The sharp rally was driven by an increase in global . Alcoa has received a consensus rating of Hold. The question was on Aluminum companies. . Master Market Movements: Free Stock Analysis Report with Predictive Buy/Sell/Hold Insights! Alcoa stock dropped Thursday after it reported lower prices for aluminum products at the end of 2022. Already a subscriber? The price of copper, for example, is hitting multimonth lows as of this writing, and so is the price of iron ore. Investors fear aluminum prices also could be headed even lower. Eventually, shares and aluminum prices will decline. Earnings for Alcoa are expected to grow by 12,925.00% in the coming year, from $0.04 to $5.21 per share. The following companies are subsidiares of Alcoa: Alcan, Alcoa Alumnio S.A., Alcoa Australian Holdings Pty Ltd, Alcoa Nederland Holding B.V., Alcoa USA Corp, Alcoa USA Holding Company, Alcoa of Australia Limited, Alumax, Aluminerie Lauralco S..R.L., Baco Consumer Products, Cordant, Firth Rixson, Howmet Corp., MCG Closures, Noyes Fiber Systems, Orkla, RTI International Metals Inc., Southern Plastics, TITAL, and Traco. Is the average return for Alcoa stock higher over the subsequent month after Case 1 or Case 2? Alcoa Corporation (AA) Latest Stock News & Headlines - Yahoo Finance We've detected you are on Internet Explorer. Comprised of companies with strong revenue growth, healthy profits, lots of cash, and low risk, it has outperformed the broader market year after year, consistently. Stockchase, in its reporting on what has been discussed by individuals on business Our PAST TOP PICK with AA has triggered its stop at $35. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Upgrade to MarketBeat All Access to add more stocks to your watchlist. We paraphrase the experts by hand, we watch the shows and write down what we understood We track news headlines from hundreds of news outlets and tag them by company. A hold rating indicates that analysts believe investors should maintain any existing positions they have in AA, but not buy additional shares or sell existing shares. Following earnings, CLF stock climbed 7.5% to 31.79 in. Take profits or exit, if you own. Basic Materials ETF (IYM), First Trust Materials AlphaDEX Fund (FXZ) and WisdomTree U.S. Quality Shareholder Yield Fund (QSY). about AA-N. This was driven by two primary factors - China and the U.S. China stepped up its fight against soaring commodity prices with a warning of zero tolerance for monopoly and hoarding. NYSE:AA or AA-N. Real-time analyst ratings, insider transactions, earnings data, and more. More importantly, there is a 49% probability of apositive returnover the next 21 trading days and 44% probability of apositive excess returnafter a -5% change over 5 trading days. None FREE REPORT. The company's average rating score is 2.70, and is based on 7 buy ratings, 3 hold ratings, and no sell ratings. Whereas most finance sites simply give you the facts about where a stock has been and what a company has done in the past, Trefis focuses entirely on the future. Nucor's updated guidance for the third quarter calls for earnings in the range of $6.30 to $6.40 -- somewhat short of the analyst consensus for $7.59. AA stock fares better after Case 2, with an average return of 2.4% over the next month (21 trading days) under Case 1 (where the stock has just suffered a 5% loss over the previous week), versus, an average return of 3.6% for Case 2. Should You Buy AA?