Arconic Corporation (ARNC) is a leading specialty industrial machinery business based in the US. Arconic Corporation is listed on the NYSE and employs 15,400 staff. All prices are listed in US Dollars.
|52-week range||$5.8 - $31.59|
|50-day moving average||$29.5536|
|200-day moving average||$23.6677|
|Wall St. target price||$36.33|
|Dividend yield||$0.08 (0.64%)|
|Earnings per share (TTM)||$1.567|
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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 18x. In other words, Arconic Corporation shares trade at around 18x 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 $501 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||$5.9 billion|
|Operating margin TTM||4.19%|
|Gross profit TTM||$1 billion|
|Return on assets TTM||2.84%|
|Return on equity TTM||8.09%|
|Market capitalisation||$3.1 billion|
TTM: trailing 12 months
There are currently 3.1 million Arconic Corporation shares held short by investors – that's known as Arconic Corporation's "short interest". This figure is 48.6% up from 2.1 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 1.1 million). Arconic Corporation's SIR currently stands at 2.93. In other words for every 100,000 Arconic Corporation shares traded daily on the market, roughly 2930 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 0.0284% of the tradable shares (for every 100,000 tradable Arconic Corporation shares, roughly 28 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.
We're not expecting Arconic Corporation to pay a dividend over the next 12 months. However, you can browse other dividend-paying shares in our guide.
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 $31.59. 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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