A stock’s 52-week high and low prices can offer a wealth of information about its current standing and prospective future performance. Alcoa Corp’s current trading price is -6.77% away from its 52-week high, while its distance from the 52-week low is 78.15%. The stock’s price range for this time frame has been between $23.80 and $45.48. The trading volume of the company’s shares in the Basic Materials reached around 1.45 million for the day, which was evidently lower than the average daily volume of 5.5 million over the last three months.
Alcoa Corp’s stock has had a calm market performance. The 1-year high for the company’s stock was $45.48 on 05/30/24, and the lowest price during the same period was recorded at $23.80 on 12/12/23.
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How Financial Performance Impacts Market Capitalization
Alcoa Corp (AA) has experienced a quarterly rise of 45.16% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 10.95B 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 36.26, with a change in price of +3.65. Similarly, Alcoa Corp recorded 5,590,748 in trading volume during the last 100 days, posting a change of +9.46%.
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 0.56. Similarly, the long-term debt-to-equity ratio is also 0.47.
AA Stock Stochastic Average
The raw stochastic average for Alcoa Corp over the last 50 days is presently at 94.96%. This reflects a surge from the raw stochastic average of the previous 20 days, which was noted at 87.41%. Further, the company’s Stochastic %K and %D values for the last 20 days were 70.56% and 62.59%, respectively.
AA Stock Price Performance Analysis
Investors’ outlook regarding the stock price performance over the year has been a mixed bag, with a range of optimism to pessimism depending on their perspective. This year’s metric has recorded a Price increase of 24.71%. However, over the past six months, we’ve seen a weaker performance of 12.86%. The price of AA fallen by 7.42% over the last 30 days. And in the last five days, it has surged by 3.52%.
