On Monday, Albemarle Corp (NYSE: ALB) opened higher 5.76% from the last session, before settling in for the closing price of $86.53. Price fluctuations for ALB have ranged from $71.97 to $143.19 over the past 52 weeks.
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A company in the Basic Materials sector has jumped its sales by 36.22% annually for the last half of the decade. Company’s average yearly earnings per share was noted -108.30% at the time writing. With a float of $117.03 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
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 0.43%, while institutional ownership is 97.78%. 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
Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.42 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -108.30% 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 1.58. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.65.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -16.75, a number that is poised to hit -0.65 in the next quarter and is forecasted to reach 0.47 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 2.01 million. That was inferior than the volume of 2.08 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 46.97%. Additionally, its Average True Range was 3.85.
During the past 100 days, Albemarle Corp’s (ALB) raw stochastic average was set at 41.89%, which indicates a significant decrease from 82.08% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 34.57% in the past 14 days, which was lower than the 55.50% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $98.90, while its 200-day Moving Average is $102.13. However, in the short run, Albemarle Corp’s stock first resistance to watch stands at $93.43. Second resistance stands at $95.36. The third major resistance level sits at $99.20. If the price goes on to break the first support level at $87.66, it is likely to go to the next support level at $83.82. The third support level lies at $81.89 if the price breaches the second support level.
Albemarle Corp (NYSE: ALB) Key Stats
There are currently 117,540K shares outstanding in the company with a market cap of 10.76 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 1,355 M and its income totaled -1,069 M.
