On Tuesday, Albemarle Corp (NYSE: ALB) opened lower -2.08% from the last session, before settling in for the closing price of $60.96. Price fluctuations for ALB have ranged from $49.43 to $113.91 over the past 52 weeks.
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A company in the Basic Materials sector has jumped its sales by 8.42% annually for the last half of the decade. Company’s average yearly earnings per share was noted 35.50% at the time writing. With a float of $116.98 million, this company’s outstanding shares have now reached $117.65 million.
In an organization with 8300 employees, it is important to assess its efficiency. 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 and Institutional Ownership
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 0.58%, while institutional ownership is 96.66%. 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 -0.29 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 35.50% 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 1.26. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.38.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -11.12, a number that is poised to hit -0.69 in the next quarter and is forecasted to reach 0.72 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 2.84 million. That was inferior than the volume of 3.09 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 41.24%. Additionally, its Average True Range was 2.67.
During the past 100 days, Albemarle Corp’s (ALB) raw stochastic average was set at 24.44%, which indicates a significant decrease from 49.71% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 44.08% in the past 14 days, which was lower than the 60.93% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $58.23, while its 200-day Moving Average is $81.81. However, in the short run, Albemarle Corp’s stock first resistance to watch stands at $60.65. Second resistance stands at $61.60. The third major resistance level sits at $62.52. If the price goes on to break the first support level at $58.77, it is likely to go to the next support level at $57.85. The third support level lies at $56.89 if the price breaches the second support level.
Albemarle Corp (NYSE: ALB) Key Stats
There are currently 117,661K shares outstanding in the company with a market cap of 7.02 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 1,077 M and its income totaled 41,350 K.
