Albemarle Corp (NYSE: ALB) on Monday, soared 4.48% from the previous trading day, before settling in for the closing price of $104.96. Within the past 52 weeks, ALB’s price has moved between $71.97 and $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
Over the past five-year period, the growth rate of yearbook sales for the company of the Basic Materials sector was 30.25%. The company achieved an average annual earnings per share of -107.06%. With a float of $117.05 million, this company’s outstanding shares have now reached $117.54 million.
Considering the fact that the conglomerate employs 9000 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is -11.83%, operating margin of -35.96%, and the pretax margin is -42.47%.
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 0.42%, while institutional ownership is 97.89%. The most recent insider transaction that took place on Dec 05 ’24, was worth 255,328. In this transaction Chairman & CEO of this company sold 2,525 shares at a rate of $101.12, taking the stock ownership to the 73,747 shares. Before that another transaction happened on Dec 05 ’24, when Company’s Officer proposed sale 2,525 for $102.61, making the entire transaction worth $259,090.
Albemarle Corp (ALB) Earnings and Forecasts
According to the Wall Street analysts, stocks earnings will be around -107.06% per share during the next fiscal year.
Albemarle Corp (NYSE: ALB) Trading Performance Indicators
Albemarle Corp (ALB) is currently performing well based on its current performance indicators. A quick ratio of 1.58 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 2.06.
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 0.91 in one year’s time.
Technical Analysis of Albemarle Corp (ALB)
Compared to the last year’s volume of 2.9 million, its volume of 2.11 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 36.17%. Additionally, its Average True Range was 4.75.
During the past 100 days, Albemarle Corp’s (ALB) raw stochastic average was set at 89.87%, which indicates a significant increase from 67.58% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 44.80% in the past 14 days, which was lower than the 58.13% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $101.28, while its 200-day Moving Average is $105.69. Nevertheless, the first resistance level for the watch stands at $113.69 in the near term. At $117.71, the stock is likely to face the second major resistance level. The third major resistance level sits at $121.52. If the price goes on to break the first support level at $105.86, it is likely to go to the next support level at $102.05. Should the price break the second support level, the third support level stands at $98.03.
Albemarle Corp (NYSE: ALB) Key Stats
Market capitalization of the company is 13.38 billion based on 117,540K outstanding shares. Right now, sales total 9,617 M and income totals 1,573 M. The company made 1,355 M in profit during its latest quarter, and -1,069 M in sales during its previous quarter.
