Albemarle Corp. (ALB) ticks all the boxes for top investors with its surprise performance of -6.65% last month.

Albemarle Corp. (NYSE: ALB) on Monday, soared 3.72% from the previous trading day, before settling in for the closing price of $115.78. Within the past 52 weeks, ALB’s price has moved between $108.39 and $293.01.

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A company in the Basic Materials sector has jumped its sales by 29.96% annually for the last half of the decade. The company achieved an average annual earnings per share of -2.61%. With a float of $116.91 million, this company’s outstanding shares have now reached $117.17 million.

In an organization with Dec 14 2023 employees, it is important to assess its efficiency.

Albemarle Corp. (ALB) Insider and Institutional Ownership

Observing investor behavior towards Specialty Chemicals industry stocks is more important than anything else. The insider ownership of Albemarle Corp. is 0.37%, while institutional ownership is 92.48%. 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) Latest Financial update

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. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.97 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around -2.61% 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 1.43. Likewise, its price to free cash flow for the trailing twelve months is 30.31.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 28.20, a number that is poised to hit 0.98 in the next quarter and is forecasted to reach 7.87 in one year’s time.

Technical Analysis of Albemarle Corp. (ALB)

Let’s dig in a bit further. During the last 5-days, its volume was 2.66 million. That was inferior than the volume of 2.68 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 57.52%. Additionally, its Average True Range was 5.39.

During the past 100 days, Albemarle Corp.’s (ALB) raw stochastic average was set at 16.01%, which indicates a significant decrease from 66.16% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 44.60% in the past 14 days, which was lower than the 54.09% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $128.89, while its 200-day Moving Average is $170.52. However, in the short run, Albemarle Corp.’s stock first resistance to watch stands at $123.27. Second resistance stands at $126.46. The third major resistance level sits at $130.26. If the price goes on to break the first support level at $116.28, it is likely to go to the next support level at $112.48. The third support level lies at $109.29 if the price breaches the second support level.

Albemarle Corp. (NYSE: ALB) Key Stats

Market capitalization of the company is 14.09 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.