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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 $33.79, up 1.75% from the previous day, and has decreased 16.63% in one year. It has underperformed other stocks in the Aluminum industry by 0.34 percentage points. Alcoa stock is currently +46.47% from its 52-week low of $23.07, and -21.33% from its 52-week high of $42.95.

There are currently 179.56M shares of AA outstanding. The market cap of AA is $6.07B. In the last 24 hours, 6.14M AA shares were traded.

How to Buy Alcoa Stock

Not sure how to invest in Alcoa stock? Here's how.
  1. 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.
  2. Sign up for a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
  3. Deposit money your investment account: Pick your payment method and add your information.
  4. 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).
  5. 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.
  6. 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.

A brokerage account is an investment account that allows you to buy and sell a variety of investments, such as stocks, bonds, mutual funds, and ETFs.

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Step 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.

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  1. Submit your details by pressing the "Create Account" button.
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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.

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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 Price
$33.79
1w %
7.78%
1y %
-16.63%
5y %
20.72%
P/E
-9.26x
P/B
1.43x
P/S
0.58x
PEG
N/A
Revenue
$10.55B
Earnings
-$651.00M
Fore. Rev. Growth
2.41%
Fore. Earn. Growth
N/A
Market Cap
$6.07B
Next Earnings
Apr 17, 2024
Next Dividend
N/A

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 1.43x, relative to Aluminum industry P/B ratio of 1.97x

You can do more valuation analysis on AA's stock here.

A quick look at AA Financials

Passed Financial Due Diligence Checks:

  • AA has $944.00M in cash and short term investments. This is enough to cover its annual cash burn of $440.00M.
  • AA has cash burn of 440000000. 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.

Failed Financial Due Diligence Checks:

  • AA profit margin has gone down from -1% to -6.2% in the past year.
  • There are more long-term liabilities than short-term assets on the AA balance sheet.
  • Total AA debt is higher than 5 years ago, relative to shareholder equity.
  • AA has a relatively high debt to equity ratio of 1.96.

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 6% analyst from Morgan Stanley maintains AA with a strong sell rating and lowers their AA price target from $27.50 to $27.00, on Dec 7, 2023.

Jonathan Brandt, a bottom 27% analyst from HSBC initiates coverage on AA with a hold rating and announces their AA price target of $29.00, on Dec 7, 2023.

Alexander Hacking, a top 15% analyst from Citigroup maintains AA with a strong buy rating and lowers their AA price target from $42.00 to $32.00, on Oct 20, 2023.

Chris LaFemina, a top 31% analyst from Jefferies maintains AA with a strong buy rating and lowers their AA price target from $45.00 to $40.00, on Oct 4, 2023.

You can dig deeper into what analysts are forecasting on the Alcoa stock forecast page.

Metrics for Advanced AA Traders

SMA10
31.57
SMA20
30.33
SMA50
28.9
SMA100
28.66
SMA200
29.56
MACD
1.2
MACD Signal
0.87
MACD Histogram
0.34
RSI
68.78
Stochastic %K
91.89
Stochastic %D
89.41
StochRSI %K
92.86
StochRSI %D
92.15

AA Earnings

Last year, AA revenue was $10.55B. During the past 5 year, AA's revenue has gone up by -4.67% per year. This was slower than the Aluminum industry average of 0.82%.

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.

Tammi A. Jones, EVP CHRO of AA, was the latest AA insider to sell. They sold $44,164.80 worth of AA stock on Mar 13, 2024.

Get more info about who owns AA shares here.

Can I get consistent income from AA stock?

Alcoa pays a dividend of 1.18%, compared to the Aluminum industry's average dividend yield of 2.32%. If you owned $1,000 worth of AA stock, you would have been paid $11.84 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:

Open eToro Account

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:

  1. Figure out where to buy Alcoa stock
  2. Sign up for a brokerage account
  3. Deposit money your investment account
  4. Analyze Alcoa stock
  5. Make your AA buy order
  6. 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 Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you want to watch your new investment in Alcoa, click the button below.

NYSE: AA
$33.79+0.58 (+1.75%)
Updated Mar 28, 2024
Open eToro Account
NYSE: AA
$33.79+0.58 (+1.75%)
Updated Mar 28, 2024
Open eToro Account

FAQ

How much does it cost to buy one Alcoa share?

As of Mar 28, 2024, it costs $33.79 to buy one share of Alcoa stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $10, you can buy 0.296 shares of AA.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Alcoa stock?

According to 9 Wall Street analysts who monitor Alcoa, their consensus recommendation is to hold Alcoa stock.

What is the best way to buy Alcoa stock?

One way to place an order for Alcoa stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.