A new trading day began on Friday, with Albemarle Corp (NYSE: ALB) stock price down -3.42% from the previous day of trading, before settling in for the closing price of $74.75. ALB’s price has ranged from $67.23 to $137.50 over the past 52 weeks.
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Annual sales at Basic Materials sector company grew by 21.74% over the past five years. Meanwhile, its annual earnings per share averaged 59.16%. 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 Updates
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 0.56%, 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 -0.36 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 59.16% 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 1.19. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.58.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -11.20, a number that is poised to hit -0.51 in the next quarter and is forecasted to reach 2.08 in one year’s time.
Technical Analysis of Albemarle Corp (ALB)
Albemarle Corp (NYSE: ALB) saw its 5-day average volume 1.69 million, a negative change from its year-to-date volume of 2.56 million. As of the previous 9 days, the stock’s Stochastic %D was 24.81%. Additionally, its Average True Range was 3.36.
During the past 100 days, Albemarle Corp’s (ALB) raw stochastic average was set at 10.63%, which indicates a significant decrease from 12.53% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 42.21% in the past 14 days, which was lower than the 48.03% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $80.08, while its 200-day Moving Average is $90.87. Nevertheless, the first resistance level for the watch stands at $74.28 in the near term. At $76.36, the stock is likely to face the second major resistance level. The third major resistance level sits at $77.77. If the price goes on to break the first support level at $70.78, it is likely to go to the next support level at $69.37. Assuming the price breaks the second support level, the third support level stands at $67.29.
Albemarle Corp (NYSE: ALB) Key Stats
With a market capitalization of 8.49 billion, the company has a total of 117,573K Shares Outstanding. Currently, annual sales are 5,378 M while annual income is -1,179 M. The company’s previous quarter sales were 1,232 M while its latest quarter income was 75,290 K.
