Albemarle Corp. (NYSE: ALB) on November 20, 2023, started off the session at the price of $127.565, soaring 2.33% from the previous trading day. During the day, the shares moved up to $131.505 and dropped to $126.25 before settling in for the closing price of $127.39. Within the past 52 weeks, ALB’s price has moved between $112.00 and $293.01.
Basic Materials Sector giant saw their annual sales surged by 25.94% over the last five years. The company achieved an average annual earnings per share of 3.71%. With a float of $117.01 million, this company’s outstanding shares have now reached $117.17 million.
The firm has a total of 7400 workers. Let’s measure their productivity. In terms of profitability, gross margin is +42.15, operating margin of +34.17, and the pretax margin is +33.24.
Albemarle Corp. (ALB) Breakdown of a Key Holders of the stock
Observing investor behavior towards Specialty Chemicals industry stocks is more important than anything else. The insider ownership of Albemarle Corp. is 0.29%, while institutional ownership is 87.38%. The most recent insider transaction that took place on Nov 07, was worth 167,314. In this transaction EVP, General Counsel of this company bought 1,373 shares at a rate of $121.86, taking the stock ownership to the 2,746 shares. Before that another transaction happened on May 10, when Company’s President, Energy Storage bought 1,260 for $195.49, making the entire transaction worth $246,317. This insider now owns 26,596 shares in total.
Albemarle Corp. (ALB) Recent Fiscal highlights
As on 9/29/2023, Multinational firm has announced its last quarter scores, in which it reported $2.74 earnings per share (EPS) for the period falling under the consensus outlook (set at $3.99) by -$1.25. This company achieved a net margin of +36.75 while generating a return on equity of 39.53. Wall Street market experts anticipate that the next fiscal year will bring earnings of 2.66 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 3.71% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will plunge by -8.76% during the next five years compared to 115.78% growth over the previous five years of trading.
Albemarle Corp. (NYSE: ALB) Trading Performance Indicators
Albemarle Corp. (ALB) is currently performing well based on its current performance indicators. A quick ratio of 0.94 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.55. Likewise, its price to free cash flow for the trailing twelve months is 32.91.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 28.20, a number that is poised to hit 2.09 in the next quarter and is forecasted to reach 15.58 in one year’s time.
Technical Analysis of Albemarle Corp. (ALB)
Analysing the last 5-days average volume posted by the [Albemarle Corp., ALB], we can find that recorded value of 3.18 million was better than the volume posted last year of 2.13 million. As of the previous 9 days, the stock’s Stochastic %D was 65.82%. Additionally, its Average True Range was 7.05.
During the past 100 days, Albemarle Corp.’s (ALB) raw stochastic average was set at 13.56%, which indicates a significant decrease from 81.75% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 64.01% in the past 14 days, which was higher than the 43.91% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $149.58, while its 200-day Moving Average is $198.72. Now, the first resistance to watch is $132.49. This is followed by the second major resistance level at $134.63. The third major resistance level sits at $137.75. If the price goes on to break the first support level at $127.24, it is likely to go to the next support level at $124.12. Now, if the price goes above the second support level, the third support stands at $121.98.
Albemarle Corp. (NYSE: ALB) Key Stats
Market capitalization of the company is 15.30 billion based on 117,353K outstanding shares. Right now, sales total 7,320 M and income totals 2,690 M. The company made 2,311 M in profit during its latest quarter, and 302,530 K in sales during its previous quarter.