A new trading day began on Friday, with Albemarle Corp (NYSE: ALB) stock price down -1.70% from the previous day of trading, before settling in for the closing price of $85.65. ALB’s price has ranged from $71.97 to $143.19 over the past 52 weeks.
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During the last 5-year period, the sales growth of Basic Materials Sector giant was 36.22%. Meanwhile, its annual earnings per share averaged -108.49%. With a float of $117.03 million, this company’s outstanding shares have now reached $117.54 million.
Let’s determine the extent of company efficiency that accounts for 9000 employees. 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
As we move forward, let’s examine how large-scale investors are investing in this stock of the Specialty Chemicals Industry. The insider ownership of Albemarle Corp is 0.43%, while institutional ownership is 98.27%. 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
Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.54 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -108.49% per share during the next fiscal year.
Albemarle Corp (NYSE: ALB) Trading Performance Indicators
Here are Albemarle Corp’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 1.58. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.52.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -16.75, a number that is poised to hit -0.69 in the next quarter and is forecasted to reach -0.07 in one year’s time.
Technical Analysis of Albemarle Corp (ALB)
Looking closely at Albemarle Corp (NYSE: ALB), its last 5-days average volume was 2.28 million, which is a jump from its year-to-date volume of 2.18 million. As of the previous 9 days, the stock’s Stochastic %D was 7.15%. Additionally, its Average True Range was 3.26.
During the past 100 days, Albemarle Corp’s (ALB) raw stochastic average was set at 22.76%, which indicates a significant increase from 6.94% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 41.82% in the past 14 days, which was lower than the 52.87% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $96.10, while its 200-day Moving Average is $99.74. However, in the short run, Albemarle Corp’s stock first resistance to watch stands at $85.79. Second resistance stands at $87.38. The third major resistance level sits at $88.74. If the price goes on to break the first support level at $82.84, it is likely to go to the next support level at $81.48. Should the price break the second support level, the third support level stands at $79.89.
Albemarle Corp (NYSE: ALB) Key Stats
With a market capitalization of 9.90 billion, the company has a total of 117,540K Shares Outstanding. Currently, annual sales are 9,617 M while annual income is 1,573 M. The company’s previous quarter sales were 1,355 M while its latest quarter income was -1,069 M.
