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Arconic Corporation is a specialty industrial machinery business based in the US. Arconic Corporation shares (ARNC) are listed on the NYSE and all prices are listed in US Dollars. Arconic Corporation employs 15,400 staff and has a trailing 12-month revenue of around USD$6.3 billion.
Since the stock market crash in March caused by coronavirus, Arconic Corporation's share price has had significant negative movement.
Its last market close was USD$23.29, which is 30.42% down on its pre-crash value of USD$33.47 and 104.66% up on the lowest point reached during the March crash when the shares fell as low as USD$11.38.
If you had bought USD$1,000 worth of Arconic Corporation shares at the start of February 2020, those shares would have been worth USD$398.91 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth USD$774.86.
|Latest market close||USD$23.29|
|52-week range||USD$5.8 - USD$34.27|
|50-day moving average||USD$20.9785|
|200-day moving average||USD$16.1274|
|Wall St. target price||USD$31|
|Dividend yield||USD$0.08 (0.64%)|
|Earnings per share (TTM)||USD$1.348|
The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.
The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.
|1 week (2020-11-25)||-20.38%|
|1 month (2020-11-02)||3.24%|
|3 months (2020-09-02)||3.28%|
|6 months (2020-06-02)||46.02%|
|1 year (2019-11-28)||N/A|
|2 years (2018-11-28)||N/A|
|3 years (2017-11-28)||N/A|
|5 years (2015-11-28)||N/A|
Valuing Arconic Corporation stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Arconic Corporation's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Arconic Corporation's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 17x. In other words, Arconic Corporation shares trade at around 17x recent earnings.
That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.
Arconic Corporation's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 0.96. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.
The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Arconic Corporation's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.
Arconic Corporation's EBITDA (earnings before interest, taxes, depreciation and amortisation) is USD$544 million.
The EBITDA is a measure of a Arconic Corporation's overall financial performance and is widely used to measure a its profitability.
|Revenue TTM||USD$6.3 billion|
|Operating margin TTM||4.61%|
|Gross profit TTM||USD$1 billion|
|Return on assets TTM||4.68%|
|Return on equity TTM||8.33%|
|Market capitalisation||USD$2.5 billion|
TTM: trailing 12 months
There are currently 3.8 million Arconic Corporation shares held short by investors – that's known as Arconic Corporation's "short interest". This figure is 8.6% down from 4.1 million last month.
There are a few different ways that this level of interest in shorting Arconic Corporation shares can be evaluated.
Arconic Corporation's "short interest ratio" (SIR) is the quantity of Arconic Corporation shares currently shorted divided by the average quantity of Arconic Corporation shares traded daily (recently around 824665.28384279). Arconic Corporation's SIR currently stands at 4.58. In other words for every 100,000 Arconic Corporation shares traded daily on the market, roughly 4580 shares are currently held short.
However Arconic Corporation's short interest can also be evaluated against the total number of Arconic Corporation shares, or, against the total number of tradable Arconic Corporation shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Arconic Corporation's short interest could be expressed as 0.03% of the outstanding shares (for every 100,000 Arconic Corporation shares in existence, roughly 30 shares are currently held short) or 0.0346% of the tradable shares (for every 100,000 tradable Arconic Corporation shares, roughly 35 shares are currently held short).
Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Arconic Corporation.
Find out more about how you can short Arconic Corporation stock.
Dividend payout ratio: 4.42% of net profits
Recently Arconic Corporation has paid out, on average, around 4.42% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 0.64% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Arconic Corporation shareholders could enjoy a 0.64% return on their shares, in the form of dividend payments. In Arconic Corporation's case, that would currently equate to about $0.08 per share.
While Arconic Corporation's payout ratio might seem low, this can signify that Arconic Corporation is investing more in its future growth.
Arconic Corporation's most recent dividend payout was on 25 February 2020. The latest dividend was paid out to all shareholders who bought their shares by 6 February 2020 (the "ex-dividend date").
Arconic Corporation's shares were split on a 1334:1000 basis on 1 November 2016. So if you had owned 1000 shares the day before before the split, the next day you'd have owned 1334 shares. This wouldn't directly have changed the overall worth of your Arconic Corporation shares – just the quantity. However, indirectly, the new 25% lower share price could have impacted the market appetite for Arconic Corporation shares which in turn could have impacted Arconic Corporation's share price.
Over the last 12 months, Arconic Corporation's shares have ranged in value from as little as $5.8 up to $34.27. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while Arconic Corporation's is 2.23. This would suggest that Arconic Corporation's shares are significantly more volatile than the average for this exchange and represent a higher risk.
Arconic Corporation manufactures and sells aluminum sheets, plates, extrusions, and architectural products in the United States, Hungary, Russia, China, France, the United Kingdom, and internationally. It operates through three segments: Rolled Products, Extrusions, and Building and Construction Systems. The Rolled Products segment provides a range of aluminum sheet and plate products for ground transportation, aerospace, industrial, and packaging markets. The Extrusions segment offers extruded products, including aerospace shapes, automotive shapes, seamless tubes, hollows, mortar fins, and high strength rods and bars for ground transportation, aerospace, and industrial markets. The Building and Construction Systems segment provides various products and building envelope solutions, such as entrances, curtain walls, windows, composite panels, and coil coated sheets for fabricators and glazing subcontractors. The company was formerly known as Arconic Rolled Products Corporation and changed its name to Arconic Corporation in Arpil 2020. Arconic Corporation was incorporated in 2019 and is headquartered in Pittsburgh, Pennsylvania.
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