Albemarle Corp. (NYSE: ALB) on Friday, plunged -2.74% from the previous trading day, before settling in for the closing price of $118.18. Within the past 52 weeks, ALB’s price has moved between $106.69 and $247.44.
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During the last 5-year period, the sales growth of Basic Materials Sector giant was 30.25%. The company achieved an average annual earnings per share of -87.08%. With a float of $117.03 million, this company’s outstanding shares have now reached $117.36 million.
Let’s determine the extent of company efficiency that accounts for 9000 employees.
Albemarle Corp. (ALB) Insider Activity
Observing investor behavior towards Specialty Chemicals industry stocks is more important than anything else. The insider ownership of Albemarle Corp. is 0.43%, while institutional ownership is 95.43%. 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
According to the Wall Street analysts, stocks earnings will be around -87.08% 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
Albemarle Corp. (ALB) is currently performing well based on its current performance indicators. A quick ratio of 1.91 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 1.61.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.75, a number that is poised to hit 0.64 in the next quarter and is forecasted to reach 6.87 in one year’s time.
Technical Analysis of Albemarle Corp. (ALB)
Looking closely at Albemarle Corp. (NYSE: ALB), its last 5-days average volume was 2.19 million, which is a drop from its year-to-date volume of 2.99 million. As of the previous 9 days, the stock’s Stochastic %D was 13.09%. Additionally, its Average True Range was 4.64.
During the past 100 days, Albemarle Corp.’s (ALB) raw stochastic average was set at 22.60%, which indicates a significant increase from 4.23% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 27.77% in the past 14 days, which was lower than the 61.21% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $124.01, while its 200-day Moving Average is $135.91. However, in the short run, Albemarle Corp.’s stock first resistance to watch stands at $116.92. Second resistance stands at $118.91. The third major resistance level sits at $120.25. If the price goes on to break the first support level at $113.59, it is likely to go to the next support level at $112.25. Should the price break the second support level, the third support level stands at $110.26.
Albemarle Corp. (NYSE: ALB) Key Stats
Market capitalization of the company is 13.51 billion based on 117,527K outstanding shares. Right now, sales total 9,617 M and income totals 1,573 M. The company made 1,361 M in profit during its latest quarter, and 2,450 K in sales during its previous quarter.
