Albemarle Corp (NYSE: ALB) on Tuesday, plunged -4.87% from the previous trading day, before settling in for the closing price of $76.39. Within the past 52 weeks, ALB’s price has moved between $67.23 and $137.50.
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Annual sales at Basic Materials sector company grew by 21.74% over the past five years. The company achieved an average annual earnings per share of 61.14%. With a float of $116.91 million, this company’s outstanding shares have now reached $117.56 million.
Let’s look at the performance matrix of the company that is accounted for 8300 employees. In terms of profitability, gross margin is 1.11%, operating margin of -26.77%, and the pretax margin is -32.8%.
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 0.56%, while institutional ownership is 97.94%. 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 -0.34 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 61.14% 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 1.19 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 1.59.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -11.20, a number that is poised to hit -0.50 in the next quarter and is forecasted to reach 2.11 in one year’s time.
Technical Analysis of Albemarle Corp (ALB)
Albemarle Corp (NYSE: ALB) saw its 5-day average volume 3.21 million, a positive change from its year-to-date volume of 2.67 million. As of the previous 9 days, the stock’s Stochastic %D was 59.25%. Additionally, its Average True Range was 4.03.
During the past 100 days, Albemarle Corp’s (ALB) raw stochastic average was set at 11.65%, which indicates a significant decrease from 31.09% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 53.18% in the past 14 days, which was higher than the 48.18% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $83.40, while its 200-day Moving Average is $93.82. Nevertheless, the first resistance level for the watch stands at $76.10 in the near term. At $79.53, the stock is likely to face the second major resistance level. The third major resistance level sits at $81.64. If the price goes on to break the first support level at $70.56, it is likely to go to the next support level at $68.45. The third support level lies at $65.02 if the price breaches the second support level.
Albemarle Corp (NYSE: ALB) Key Stats
Market capitalization of the company is 8.54 billion based on 117,573K outstanding shares. Right now, sales total 5,378 M and income totals -1,179 M. The company made 1,232 M in profit during its latest quarter, and 75,290 K in sales during its previous quarter.
