A new trading day began on Friday, with Albemarle Corp (NYSE: ALB) stock price up 1.76% from the previous day of trading, before settling in for the closing price of $75.74. ALB’s price has ranged from $49.43 to $113.91 over the past 52 weeks.
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Meanwhile, its annual earnings per share averaged 8.34%. With a float of $117.12 million, this company’s outstanding shares have now reached $117.65 million.
Let’s determine the extent of company efficiency that accounts for 8300 employees. In terms of profitability, gross margin is 3.53%, operating margin of -25.05%, and the pretax margin is -31.71%.
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 0.46%, while institutional ownership is 96.72%. 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
According to the Wall Street analysts, stocks earnings will be around 8.34% 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 1.26. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.78.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -11.12, a number that is poised to hit -0.78 in the next quarter and is forecasted to reach 0.10 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 4.87 million, which is a jump from its year-to-date volume of 3.26 million. As of the previous 9 days, the stock’s Stochastic %D was 75.05%.
During the past 100 days, Albemarle Corp’s (ALB) raw stochastic average was set at 87.47%, which indicates a significant increase from 86.56% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 3.41 in the past 14 days, which was higher than the 3.20 volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $62.47, while its 200-day Moving Average is $79.66. However, in the short run, Albemarle Corp’s stock first resistance to watch stands at $79.08. Second resistance stands at $81.08. The third major resistance level sits at $82.55. If the price goes on to break the first support level at $75.61, it is likely to go to the next support level at $74.14. Should the price break the second support level, the third support level stands at $72.14.
Albemarle Corp (NYSE: ALB) Key Stats
With a market capitalization of 9.07 billion, the company has a total of 117,661K Shares Outstanding. Currently, annual sales are 5,378 M while annual income is -1,179 M. The company’s previous quarter sales were 1,077 M while its latest quarter income was 41,350 K.
