On Tuesday, Albemarle Corp. (NYSE: ALB) opened lower -5.30% from the last session, before settling in for the closing price of $120.50. Price fluctuations for ALB have ranged from $106.69 to $247.44 over the past 52 weeks.
Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.
Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here.
Sponsored
It was noted that within the last five years, the titan of the Basic Materials sector saw sales topped by 30.25%. Company’s average yearly earnings per share was noted -80.15% at the time writing. With a float of $117.02 million, this company’s outstanding shares have now reached $117.36 million.
The extent of productivity of a business whose workforce counts for 9000 workers is very important to gauge.
Albemarle Corp. (ALB) Insider and Institutional Ownership
A key investor’s attitude towards the stock of the Specialty Chemicals industry is another important factor to consider. The insider ownership of Albemarle Corp. is 0.42%, while institutional ownership is 94.96%. The most recent insider transaction that took place on Nov 07 ’23, 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 ’23, 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
According to the Wall Street analysts, stocks earnings will be around -80.15% 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 16.09% growth over the previous five years of trading.
Albemarle Corp. (NYSE: ALB) Trading Performance Indicators
Check out the current performance indicators for Albemarle Corp. (ALB). In the past quarter, the stock posted a quick ratio of 0.86. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.39.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 13.34, a number that is poised to hit 0.25 in the next quarter and is forecasted to reach 8.25 in one year’s time.
Technical Analysis of Albemarle Corp. (ALB)
The latest stats from [Albemarle Corp., ALB] show that its last 5-days average volume of 3.0 million was inferior to 3.36 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 9.37%. Additionally, its Average True Range was 6.44.
During the past 100 days, Albemarle Corp.’s (ALB) raw stochastic average was set at 15.84%, which indicates a significant increase from 1.11% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 65.89% in the past 14 days, which was higher than the 64.48% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $122.53, while its 200-day Moving Average is $152.20. Now, the first resistance to watch is $117.48. This is followed by the second major resistance level at $120.84. The third major resistance level sits at $122.64. If the price goes on to break the first support level at $112.32, it is likely to go to the next support level at $110.52. The third support level lies at $107.16 if the price breaches the second support level.
Albemarle Corp. (NYSE: ALB) Key Stats
There are currently 117,525K shares outstanding in the company with a market cap of 13.41 billion. Presently, the company’s annual sales total 9,617 M according to its annual income of 1,573 M. Last quarter, the company’s sales amounted to 2,356 M and its income totaled -617,680 K.
