TRENDING KEYWORDS
Alcoa (AA, $56.21) beats Q4 earnings expectations
Alcoa posted its fourth quarter results that surpassed analysts’ expectations.
The aluminum producer’s fourth-quarter loss widened to -$2.11 a share, compared with a loss of -2 cents a share in the year-ago period.
Adjusted earnings, which exclude stock-based compensation expenses and other items, came in at $2.50 a share, compared with 26 cents a share in the year-ago period. Analysts polled by FactSet expected $1.93 a share.
Revenue rose to $3.34 billion from $2.39 billion in the year-ago quarter. The figure is higher than $3.29 billion expected by the analysts.
Alcoa projects adjusted earnings for the first quarter similar to the fourth quarter based on current pricing, while analysts predicted adjusted earnings of $1.63 a share for the first quarter on revenue of $3.29 billion.
AA's MACD Histogram just turned positive
The Moving Average Convergence Divergence (MACD) for AA turned positive on May 17, 2022. Looking at past instances where AA's MACD turned positive, the stock continued to rise in 38 of 46 cases over the following month. The odds of a continued upward trend are 83%.
Current price $62.82 crossed the support line at $63.28 and is trading between $63.28 support and $38.96 support lines. Throughout the month of 04/26/22 - 05/26/22, the price experienced a -6% Downtrend, while the week of 05/19/22 - 05/26/22 shows a +1% Uptrend.
The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where AA's RSI Indicator exited the oversold zone, 28 of 36 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 78%.
The Momentum Indicator moved above the 0 level on May 23, 2022. You may want to consider a long position or call options on AA as a result. In 70 of 89 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 79%.
Following a +8.88% 3-day Advance, the price is estimated to grow further. Considering data from situations where AA advanced for three days, in 238 of 301 cases, the price rose further within the following month. The odds of a continued upward trend are 79%.
AA may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Stochastic Indicator demonstrated that the ticker has stayed in the overbought zone for 3 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
AA moved below its 50-day Moving Average on April 21, 2022 date and that indicates a change from an upward trend to a downward trend.
The 10-day Moving Average for AA crossed bearishly below the 50-day moving average on April 25, 2022. This indicates that the trend has shifted lower and could be considered a sell signal. In 11 of 15 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are 73%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where AA declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 76%.
The Aroon Indicator for AA entered a downward trend on May 23, 2022. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Tickeron has a negative outlook on this ticker and predicts a further decline by more than 4.00% within the next month with a likelihood of 57%. During the last month, the daily ratio of advancing to declining volumes was 1 to 1.01.
The Tickeron Valuation Rating of 15 (best 1 - 100 worst) indicates that the company is slightly undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (2.532) is normal, around the industry mean (1.842). P/E Ratio (16.447) is within average values for comparable stocks, (11.282). AA has a moderately low Dividend Yield (0.005) as compared to the industry average of (0.063). P/S Ratio (0.948) is also within normal values, averaging (0.606).
The Tickeron PE Growth Rating for this company is 17 (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron SMR rating for this company is 19 (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Price Growth Rating for this company is 40 (best 1 - 100 worst), indicating steady price growth. AA’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is 47 (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 72, placing this stock slightly better than average.
The Tickeron Seasonality Score of 50 (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
Aluminum is widely used in the industries like construction, packaging and automotive sector. The segment has seen increased demand for the lightweight variety in automobiles in improving fuel efficiency. The U.S. aluminum industry generates nearly $71 billion a year in direct economic impact (according to The Aluminum Association). Arconic, Inc, Alcoa Corp and Kaiser Aluminum Corporation are major aluminum companies in the U.S.
The average market capitalization across the Aluminum Industry is 7.1B. The market cap for tickers in the group ranges from 138.4K to 55.7B. DKIAF holds the highest valuation in this group at 55.7B. The lowest valued company is NORNQ at 138.4K.
The average weekly price growth across all stocks in the Aluminum Industry was 0.14%. For the same Industry, the average monthly price growth was -4.88%, and the average quarterly price growth was -2.27%. ACH experienced the highest price growth at 7.99%, while AWCMF experienced the biggest fall at -11.76%.
- 5/17/22 6:52 AM: Alcoa (AA, $60.28) was a top weekly gainer, with a +11.39% jump
- 4/9/22 5:29 AM: Alcoa (AA, $84.15) was a top loser this week, declining -7.14%
- 3/12/22 8:06 AM: Alcoa (AA, $79.04) was a top loser this week, declining -12.72%
The average weekly volume growth across all stocks in the Aluminum Industry was -25.4%. For the same stocks of the Industry, the average monthly volume growth was -44.83% and the average quarterly volume growth was 0.22%
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Stocks in the group have a Negative Outlook today, backed by the MA50MA10 Indicator. Tickeron has a negative outlook on this group and predicts a further decline by more than 4.00% within the next month with a likelihood of 58%. During the last month, the daily ratio of advancing to declining volumes was 1 to 1.
6 stocks in the group of tickers confirmed the negative outlook based on the Declines indicator with average odds of 75%.
The average market capitalization across the group is 7.1B. The market cap for tickers in the group ranges from 15.3M to 16.8B. UNRIF holds the highest valuation in this group at 16.8B. The lowest valued company is BXRDF at 15.3M.
The average weekly price growth across all stocks in the group was 0.38%. For the same group, the average monthly price growth was -6.01%, and the average quarterly price growth was -4.52%. ACH experienced the highest price growth at 6.05%, while AWCMF experienced the biggest fall at -11.76%.
- 5/18/22 5:18 AM: Constellium SE (CSTM, $16.81) was a top weekly gainer, with a +7.48% jump
- 5/18/22 5:18 AM: Century Aluminum (CENX, $13.79) was a top weekly gainer, with a +11.12% jump
- 5/17/22 6:52 AM: Alcoa (AA, $60.28) was a top weekly gainer, with a +11.39% jump
The average weekly volume growth across all stocks in the group was -5.18%. For the same stocks of the group, the average monthly volume growth was 12.6% and the average quarterly volume growth was -21.48%
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Aluminum is widely used in the industries like construction, packaging and automotive sector. The segment has seen increased demand for the lightweight variety in automobiles in improving fuel efficiency. The U.S. aluminum industry generates nearly $71 billion a year in direct economic impact (according to The Aluminum Association). Arconic, Inc, Alcoa Corp and Kaiser Aluminum Corporation are major aluminum companies in the U.S.
The average market capitalization across the Aluminum Industry is 7.1B. The market cap for tickers in the group ranges from 138.4K to 54.4B. DKIAF holds the highest valuation in this group at 54.4B. The lowest valued company is NORNQ at 138.4K.
The average weekly price growth across all stocks in the Aluminum Industry was -0.01%. For the same Industry, the average monthly price growth was -3.17%, and the average quarterly price growth was -1.5%. ACH experienced the highest price growth at 6.05%, while AWCMF experienced the biggest fall at -11.76%.
- 5/18/22 5:18 AM: Constellium SE (CSTM, $16.81) was a top weekly gainer, with a +7.48% jump
- 5/18/22 5:18 AM: Century Aluminum (CENX, $13.79) was a top weekly gainer, with a +11.12% jump
- 5/17/22 6:52 AM: Alcoa (AA, $60.28) was a top weekly gainer, with a +11.39% jump
The average weekly volume growth across all stocks in the Aluminum Industry was -21.15%. For the same stocks of the Industry, the average monthly volume growth was -28.66% and the average quarterly volume growth was -18.42%
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Latest blogs by Abhoy Sarkar
Top Blogs
