On Tuesday, Albemarle Corp. (NYSE: ALB) was 0.13% up from the session before settling in for the closing price of $127.59. A 52-week range for ALB has been $106.69 – $247.44.
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Basic Materials Sector giant saw their annual sales surged by 30.25% over the last five years. When this article was written, the company’s average yearly earnings per share was at -83.86%. With a float of $117.03 million, this company’s outstanding shares have now reached $117.36 million.
The firm has a total of 9000 workers. Let’s measure their productivity.
Albemarle Corp. (ALB) Insider Activity
Also, it is sometimes useful to examine the sentiment of large-scale investors toward Albemarle Corp. stocks. The insider ownership of Albemarle Corp. is 0.43%, while institutional ownership is 95.30%. The most recent insider transaction that took place on May 14 ’24, was worth 114,250. In this transaction SVP, Capital Projects of this company sold 843 shares at a rate of $135.53, taking the stock ownership to the 6,802 shares. Before that another transaction happened on May 13 ’24, when Company’s VP, Controller & CAO sold 1,475 for $132.17, making the entire transaction worth $194,951. This insider now owns 4,743 shares in total.
Albemarle Corp. (ALB) Earnings and Forecasts
Going through the last 3-months fiscal report unveiled on the 3/31/2024, it has been observed that the corporation posted 7.33 earnings per share (EPS) during the time that was better than consensus figure (set at 4.44) by 2.89. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.75 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -83.86% 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
You can see what Albemarle Corp. (ALB) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 1.91. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.79.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.75, a number that is poised to hit 0.68 in the next quarter and is forecasted to reach 7.67 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 1.88 million was lower than the volume posted last year of 3.05 million. As of the previous 9 days, the stock’s Stochastic %D was 33.57%. Additionally, its Average True Range was 5.28.
During the past 100 days, Albemarle Corp.’s (ALB) raw stochastic average was set at 57.73%, which indicates a significant increase from 34.33% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 41.32% in the past 14 days, which was lower than the 61.26% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $124.42, while its 200-day Moving Average is $138.51. Now, the first resistance to watch is $129.54. This is followed by the second major resistance level at $131.32. The third major resistance level sits at $133.15. If the price goes on to break the first support level at $125.94, it is likely to go to the next support level at $124.11. Should the price break the second support level, the third support level stands at $122.33.
Albemarle Corp. (NYSE: ALB) Key Stats
There are 117,527K outstanding shares of the company, which has a market capitalization of 15.02 billion. As of now, sales total 9,617 M while income totals 1,573 M. Its latest quarter income was 1,361 M while its last quarter net income were 2,450 K.
