Albemarle Corp (NYSE: ALB) kicked off on Friday, up 3.71% from the previous trading day, before settling in for the closing price of $94.73. Over the past 52 weeks, ALB has traded in a range of $71.97-$153.54.
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It was noted that within the last five years, the titan of the Basic Materials sector saw sales topped by 30.25%. While this was happening, its average annual earnings per share was recorded -100.83%. With a float of $117.01 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. 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 Updates
Our next focus will be how large-scale investors are participating in this stock of the Specialty Chemicals Industry. The insider ownership of Albemarle Corp is 0.44%, while institutional ownership is 94.37%. 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) Performance Highlights and Predictions
In the latest quarterly report, which was put into the public domain on 6/30/2024, the organization reported 2.74 earnings per share (EPS), lower than consensus estimate (set at 3.99) by -1.25. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.4 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -100.83% per share during the next fiscal year.
Albemarle Corp (NYSE: ALB) Trading Performance Indicators
Take a look at Albemarle Corp’s (ALB) current performance indicators. Last quarter, stock had a quick ratio of 1.75. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.61.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -4.73, a number that is poised to hit -0.44 in the next quarter and is forecasted to reach 1.96 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 1.95 million was inferior to 2.98 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 49.14%. Additionally, its Average True Range was 3.94.
During the past 100 days, Albemarle Corp’s (ALB) raw stochastic average was set at 56.10%, which indicates a significant decrease from 74.23% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 42.04% in the past 14 days, which was lower than the 58.31% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $92.36, while its 200-day Moving Average is $107.19. Now, the first resistance to watch is $100.30. This is followed by the second major resistance level at $102.36. The third major resistance level sits at $105.32. If the price goes on to break the first support level at $95.28, it is likely to go to the next support level at $92.32. Assuming the price breaks the second support level, the third support level stands at $90.26.
Albemarle Corp (NYSE: ALB) Key Stats
The company with the Market Capitalisation of 11.97 billion has total of 117,533K Shares Outstanding. Its annual sales at the moment are 9,617 M in contrast with the sum of 1,573 M annual income. Company’s last quarter sales were recorded 1,430 M and last quarter income was -188,200 K.
