Albemarle Corp (NYSE: ALB) on Tuesday, plunged -6.34% from the previous trading day, before settling in for the closing price of $84.92. Within the past 52 weeks, ALB’s price has moved between $49.43 and $113.91.
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The company achieved an average annual earnings per share of 21.52%. With a float of $116.62 million, this company’s outstanding shares have now reached $117.67 million.
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 0.90%, while institutional ownership is 97.22%. 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
As on 9/30/2024, Multinational firm has announced its last quarter scores, in which it reported -1.55 earnings per share (EPS) for the period falling under the consensus outlook (set at -0.48) by -1.07. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.85 per share during the current 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 1.47 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 1.87.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -9.33, a number that is poised to hit -0.89 in the next quarter and is forecasted to reach 0.28 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 3.46 million. That was inferior than the volume of 3.55 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 59.94%.
During the past 100 days, Albemarle Corp’s (ALB) raw stochastic average was set at 77.66%, which indicates a significant increase from 30.27% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 3.19 in the past 14 days, which was higher than the 3.13 volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $73.97, while its 200-day Moving Average is $76.54. However, in the short run, Albemarle Corp’s stock first resistance to watch stands at $81.44. Second resistance stands at $83.34. The third major resistance level sits at $84.49. If the price goes on to break the first support level at $78.39, it is likely to go to the next support level at $77.24. The third support level lies at $75.34 if the price breaches the second support level.
Albemarle Corp (NYSE: ALB) Key Stats
Market capitalization of the company is 9.36 billion based on 117,683K outstanding shares. Right now, sales total 5,378 M and income totals -1,179 M. The company made 1,330 M in profit during its latest quarter, and 22,900 K in sales during its previous quarter.
