Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. Alcoa Corp’s current trading price is -13.31% away from its 52-week high, while its distance from the 52-week low is 58.69%. The stock’s price range during this period has varied between $23.07 and $42.23. The company, active in the Basic Materials sector, saw a trading volume of around 3.42 million for the day, considerably lower average daily volume of 6.35 million observed over the last three months.
Alcoa Corp had a pretty Dodgy run when it comes to the market performance. Over the past year, the company’s stock reached a high of $42.23 on 04/20/23, while the lowest price during the same period was $23.07 on 10/23/23.
How Financial Performance Impacts Market Capitalization
Alcoa Corp (AA) has experienced a quarterly rise of 21.91% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 6.57B and boasts a workforce of 13600 employees.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 29.80, with a change in price of +10.58. Similarly, Alcoa Corp recorded 6,174,118 in trading volume during the last 100 days, posting a change of +40.35%.
How AA’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to its shareholders’ equity. At the time of writing, the total D/E ratio for AA stands at 0.46. Similarly, the long-term debt-to-equity ratio is also 0.43.
AA Stock Stochastic Average
As of today, the raw stochastic average of Alcoa Corp over the last 50 days is at 90.66%. This shows a increasee from the raw stochastic average of the previous 20 days, which was recorded at 86.79%. Further, the company’s Stochastic %K and %D values for the last 20 days were 80.10% and 81.68%, respectively.
AA Stock Price Performance Analysis
Investors have been left with mixed emotions regarding the stock price performance over the year, as it’s been a mixed bag. This year’s metric has recorded a Price increase of 7.67%. However, over the past six months, we’ve seen a weaker performance of 36.09%. The price of AA fallen by 21.95% over the last 30 days. And in the last five days, it has surged by 0.74%.
