Albemarle Corp (NYSE: ALB) on Friday, soared 3.00% from the previous trading day, before settling in for the closing price of $85.23. Within the past 52 weeks, ALB’s price has moved between $71.97 and $143.19.
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
A company in the Basic Materials sector has jumped its sales by 36.22% annually for the last half of the decade. The company achieved an average annual earnings per share of -107.99%. With a float of $117.08 million, this company’s outstanding shares have now reached $117.54 million.
In an organization with 9000 employees, it is important to assess its efficiency. 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 and Institutional Ownership
Observing investor behavior towards Specialty Chemicals industry stocks is more important than anything else. The insider ownership of Albemarle Corp is 0.39%, while institutional ownership is 97.85%. 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) Latest Financial update
According to the Wall Street analysts, stocks earnings will be around -107.99% 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 1.63.
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 0.55 in one year’s time.
Technical Analysis of Albemarle Corp (ALB)
Let’s dig in a bit further. During the last 5-days, its volume was 1.85 million. That was inferior than the volume of 2.25 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 22.91%. Additionally, its Average True Range was 3.81.
During the past 100 days, Albemarle Corp’s (ALB) raw stochastic average was set at 37.72%, which indicates a significant increase from 19.20% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 36.72% in the past 14 days, which was lower than the 57.15% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $99.54, while its 200-day Moving Average is $102.94. However, in the short run, Albemarle Corp’s stock first resistance to watch stands at $88.97. Second resistance stands at $90.15. The third major resistance level sits at $92.04. If the price goes on to break the first support level at $85.90, it is likely to go to the next support level at $84.01. The third support level lies at $82.83 if the price breaches the second support level.
Albemarle Corp (NYSE: ALB) Key Stats
Market capitalization of the company is 10.63 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.
