On Friday, Albemarle Corp. (NYSE: ALB) opened lower -1.72% from the last session, before settling in for the closing price of $95.15. Price fluctuations for ALB have ranged from $71.97 to $153.54 over the past 52 weeks.
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Annual sales at Basic Materials sector company grew by 30.25% over the past five years. Company’s average yearly earnings per share was noted -100.22% at the time writing. With a float of $117.01 million, this company’s outstanding shares have now reached $117.36 million.
Let’s look at the performance matrix of the company that is accounted for 9000 employees. In terms of profitability, gross margin is -8.18%, operating margin of -18.36%, and the pretax margin is -23.34%.
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 0.44%, while institutional ownership is 94.56%. 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) Latest Financial update
According to the Wall Street analysts, stocks earnings will be around -100.22% per share during the next fiscal year.
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 1.75. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.47.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -4.73, a number that is poised to hit -0.39 in the next quarter and is forecasted to reach 1.99 in one year’s time.
Technical Analysis of Albemarle Corp. (ALB)
Albemarle Corp. (NYSE: ALB) saw its 5-day average volume 2.01 million, a negative change from its year-to-date volume of 3.0 million. As of the previous 9 days, the stock’s Stochastic %D was 14.04%. Additionally, its Average True Range was 3.94.
During the past 100 days, Albemarle Corp.’s (ALB) raw stochastic average was set at 44.59%, which indicates a significant increase from 4.86% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 36.59% in the past 14 days, which was lower than the 57.54% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $91.13, while its 200-day Moving Average is $107.87. Nevertheless, the first resistance level for the watch stands at $95.45 in the near term. At $97.39, the stock is likely to face the second major resistance level. The third major resistance level sits at $98.58. If the price goes on to break the first support level at $92.32, it is likely to go to the next support level at $91.13. The third support level lies at $89.19 if the price breaches the second support level.
Albemarle Corp. (NYSE: ALB) Key Stats
There are currently 117,527K shares outstanding in the company with a market cap of 10.99 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 1,430 M and its income totaled -188,200 K.
