On Monday, Albemarle Corp (NYSE: ALB) was 9.57% up from the session before settling in for the closing price of $100.84. A 52-week range for ALB has been $71.97 – $153.54.
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%. When this article was written, the company’s average yearly earnings per share was at -105.55%. 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. In terms of profitability, gross margin is 10.6%, operating margin of -35.96%, and the pretax margin is -42.47%.
Albemarle Corp (ALB) Insider and Institutional Ownership
Also, it is sometimes useful to examine the sentiment of large-scale investors toward Albemarle Corp stocks. The insider ownership of Albemarle Corp is 0.44%, while institutional ownership is 94.12%. 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 -105.55% per share during the next fiscal year.
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 1.58. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.02.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -16.75, a number that is poised to hit -0.64 in the next quarter and is forecasted to reach 1.29 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 superior to 2.98 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 76.06%. Additionally, its Average True Range was 4.84.
During the past 100 days, Albemarle Corp’s (ALB) raw stochastic average was set at 97.22%, which indicates a significant increase from 94.06% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 51.95% in the past 14 days, which was lower than the 58.97% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $93.75, while its 200-day Moving Average is $106.64. Now, the first resistance to watch is $113.42. This is followed by the second major resistance level at $116.35. The third major resistance level sits at $121.10. If the price goes on to break the first support level at $105.73, it is likely to go to the next support level at $100.98. The third support level lies at $98.05 if the price breaches the second support level.
Albemarle Corp (NYSE: ALB) Key Stats
There are 117,540K outstanding shares of the company, which has a market capitalization of 13.11 billion. As of now, sales total 9,617 M while income totals 1,573 M. Its latest quarter income was 1,430 M while its last quarter net income were -188,200 K.
