How to Buy Alcoa Stock
Alcoa Corp
Alcoa is a aluminum company located in Pennsylvania, United States, which is part of the Basic Materials sector, and is traded under the ticker AA on the NYSE exchange.
Alcoa stock last closed at $29.06, up 3.27% from the previous day, and has decreased 17.98% in one year. It has underperformed other stocks in the Aluminum industry by 0.31 percentage points. Alcoa stock is currently +13.56% from its 52-week low of $25.59, and -49.56% from its 52-week high of $57.61.
There are currently 178.45M shares of AA outstanding. The market cap of AA is $5.19B. In the last 24 hours, 7.72M AA shares were traded.
How to Buy Alcoa Stock
Not sure how to invest in Alcoa stock? Here's how.
- Figure out where to buy Alcoa stock: You need to decide on a stock brokerage, but don't worry - we've analyzed dozens of online brokerages and apps to help you choose where to buy Alcoa stock.
- Sign up for a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
- Deposit money your investment account: Pick your payment method and add your information.
- Analyze Alcoa stock: The Alcoa ticker symbol is AA. Is Alcoa stock a good investment? Should you buy shares of AA? How do AA's underlying business fundamentals look? Do top analysts think Alcoa is a good buy? Why has AA's stock price moved recently? (Hint: Our stock analysis website can help you evaluate if AA is a good stock to buy).
- Make your AA buy order: Decide if you will purchase AA shares at the current market price or use a limit order to buy AA shares at a given price.
- Get the latest scoop on your investment in AA: Create a watchlist to monitor your new investment in Alcoa shares.
Step 1: Figure out where to buy Alcoa stock
You need an online brokerage account in order to access the NYSE market and buy AA stock.
Our recommended brokerage: eToro
Based on our experience, eToro is the best place to buy stocks. Here's why:
- You can invest in stocks with zero commissions: Invest without paying trading commissions.
- Buy fractional shares: Even if you don't have the money to buy a full share, you can still purchase the stock.
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- Social investing: eToro offers a community with more than 20 million users around the world. Talk to, learn from, and copy the crypto trades of top investors.
- Security: eToro is a regulated and licensed fintech leader.
- Buy other assets: Such as ETFs and cryptos.
Get $10 towards your purchase of shares by signing up for an account with eToro now.
Open eToro AccountStep 2: Sign up for a brokerage account
Now that you've selected the right brokerage, it's time to fill out some personal info so you can invest in AA today.
How to Set Up a New Investment Account on eToro
- Click here to get started.
- Provide your personal info to open your new brokerage account.
- Submit your details by pressing the "Create Account" button.
Step 3: Deposit money your investment account
Now that you've opened your account on the best stock trading app for beginners, you need to deposit funds:
Check out the tutorial below for more details transferring money into your brokerage account.
Step 4: Analyze Alcoa stock
Once you have decided on the best place to buy Alcoa stock, it's important to research their stock prior to investing, so you truly comprehend the risk and opportunity.
Overview of key AA info
AA Due Diligence Checks
WallStreetZen was designed to help part-time investors do better fundamental analysis.
You can see all of the due diligence checks on AA's stock page.
Is AA stock properly valued?
Investors use a variety of different financial metrics, analyses, models, and charts to gauge AA's intrinsic value.
Using relative valuations ratios:
- AA may be undervalued based on its P/B ratio of 1.07x, relative to Aluminum industry P/B ratio of 1.44x
You can do more valuation analysis on AA's stock here.
A quick look at AA Financials
Passed Financial Due Diligence Checks:
- AA has $990.00M in cash and short term investments. This is enough to cover its annual cash burn of $423.00M.
- AA has cash burn of 423000000. It has sufficient cash and short-term investments to cover this for at least one year.
- There are more short-term assets than short-term liabilities on the AA balance sheet.
- Total AA debt is lower than 5 years ago, relative to shareholder equity.
Failed Financial Due Diligence Checks:
- AA profit margin has gone down from 7.2% to -13.6% in the past year.
- There are more long-term liabilities than short-term assets on the AA balance sheet.
- AA has a relatively high debt to equity ratio of 1.58.
Is it a good time to buy AA stock, according to Wall Street analysts?
Out of 9 Wall Street analysts who give forecasts on AA, the consensus analyst rating on AA is a Hold
Please note that analyst ratings are not stock recommendations, nor are they investment advice.
Latest AA Analyst Forecasts
Carlos De Alba, a top 3% analyst from Morgan Stanley maintains AA with a strong sell rating and lowers their AA price target from $31.00 to $28.00, on Sep 21, 2023.
Bill Peterson, a bottom 8% analyst from JP Morgan maintains AA with a hold rating and lowers their AA price target from $35.00 to $28.00, on Sep 15, 2023.
Alexander Hacking, a top 14% analyst from Citigroup maintains AA with a strong buy rating and lowers their AA price target from $50.00 to $42.00, on Jul 21, 2023.
Lucas Pipes, a top 26% analyst from B. Riley Securities maintains AA with a hold rating and lowers their AA price target from $37.00 to $34.00, on Jul 21, 2023.
Katja Jancic, a top 34% analyst from BMO Capital maintains AA with a hold rating and lowers their AA price target from $33.00 to $30.00, on Jul 20, 2023.
You can dig deeper into what analysts are forecasting on the Alcoa stock forecast page.
Metrics for Advanced AA Traders
AA Earnings
Last year, AA revenue was $10.87B. During the past 5 year, AA's revenue has gone up by -3.23% per year. This was slower than the Aluminum industry average of 2.27%.
Dive into AA's earnings and revenue performance here.
Latest Insiders Trades at AA
Over the past 12 months, insiders at AA have sold more shares than they have bought.
Steven W. Williams, Director of AA, was the latest AA insider to buy. They bought $69,993.54 worth of AA stock on Jul 6, 2023.
Get more info about who owns AA shares here.
Can I get consistent income from AA stock?
Alcoa pays a dividend of 1.38%, compared to the Aluminum industry's average dividend yield of 2.73%. If you owned $1,000 worth of AA stock, you would have been paid $13.76 in the past year.
Get more data about Alcoa dividend yield and history here.
Get analysis from other traders
One of the major reasons eToro is our favorite brokerage is because of its social trading community.
Click below to see what other investors have to say.
Step 5: Make your AA buy order
You have two primary options:
- Market order: A market order is an order to buy or sell a stock at the best possible price.
Market orders are generally the best for newer investors. - Limit order: A limit order enables you to buy or sell a stock at a specific price (or better).
If you want to be certain you're buying or selling at an exact dollar amount limit, place a limit order.
Press the Open button and eToro will execute the order.
If you want additional help investing in stocks on eToro, watch the helpful video below:
Step 6: Get the latest scoop on your investment in AA
Now that you own some shares in AA, you'll want to stay up-to-date on your investment.
Make a watchlist to keep track of your AA stock.
AA Feed
How to Buy Stock in Alcoa
To reiterate, here are the 6 steps for buying Alcoa stock:
- Figure out where to buy Alcoa stock
- Sign up for a brokerage account
- Deposit money your investment account
- Analyze Alcoa stock
- Make your AA buy order
- Get the latest scoop on your investment in AA
If you need a place to buy stocks, eToro is our recommended venue.
Get Started with eToro TodayIf you want to watch your new investment in Alcoa, click the button below.
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