On Tuesday, Albemarle Corp (NYSE: ALB) opened higher 0.15% from the last session, before settling in for the closing price of $77.55. Price fluctuations for ALB have ranged from $67.23 to $137.50 over the past 52 weeks.
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 21.74% annually for the last half of the decade. Company’s average yearly earnings per share was noted 61.14% at the time writing. With a float of $116.91 million, this company’s outstanding shares have now reached $117.56 million.
In an organization with 8300 employees, it is important to assess its efficiency. 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 Updates
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 0.56%, while institutional ownership is 97.95%. 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) Performance Highlights and Predictions
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
Check out the current performance indicators for Albemarle Corp (ALB). In the past quarter, the stock posted a quick ratio of 1.19. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.70.
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)
Let’s dig in a bit further. During the last 5-days, its volume was 2.34 million. That was inferior than the volume of 2.6 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 71.85%. Additionally, its Average True Range was 3.36.
During the past 100 days, Albemarle Corp’s (ALB) raw stochastic average was set at 22.37%, which indicates a significant decrease from 72.75% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 40.62% in the past 14 days, which was lower than the 47.67% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $81.21, while its 200-day Moving Average is $91.49. However, in the short run, Albemarle Corp’s stock first resistance to watch stands at $79.35. Second resistance stands at $81.03. The third major resistance level sits at $82.13. If the price goes on to break the first support level at $76.57, it is likely to go to the next support level at $75.47. Assuming the price breaks the second support level, the third support level stands at $73.79.
Albemarle Corp (NYSE: ALB) Key Stats
There are currently 117,573K shares outstanding in the company with a market cap of 9.13 billion. Presently, the company’s annual sales total 5,378 M according to its annual income of -1,179 M. Last quarter, the company’s sales amounted to 1,232 M and its income totaled 75,290 K.
