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After finishing at $88.76 in the prior trading day, Albemarle Corp (NYSE: ALB) closed at $88.78, up 0.02%. In other words, the price has increased by $0.02 from its previous closing price. On the day, 2.79 million shares were traded. ALB stock price reached its highest trading level at $88.8252 during the session, while it also had its lowest trading level at $87.17.
Ratios:
Our goal is to gain a better understanding of ALB by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.58 and its Current Ratio is at 2.44. In the meantime, Its Debt-to-Equity ratio is 0.36 whereas as Long-Term Debt/Eq ratio is at 0.36.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Clarksons Platou on January 14, 2025, initiated with a Buy rating and assigned the stock a target price of $112.
On August 05, 2024, Robert W. Baird Downgraded its rating to Neutral which previously was Outperform and also lowered its target price recommendation from $102 to $85.
Berenberg Downgraded its Buy to Hold on July 31, 2024, whereas the target price for the stock was revised from $160 to $83.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Dec 05 ’24 when Masters J Kent sold 2,525 shares for $101.12 per share. The transaction valued at 255,328 led to the insider holds 73,747 shares of the business.
Jerry Kent Masters Jr. bought 2,525 shares of ALB for $259,090 on Dec 05 ’24. On Nov 19 ’24, another insider, Johnson Netha N., who serves as the Chief Operations Officer of the company, sold 1,060 shares for $106.04 each. As a result, the insider received 112,403 and left with 30,360 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ALB now has a Market Capitalization of 10435201024 and an Enterprise Value of 14960308224. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.60 while its Price-to-Book (P/B) ratio in mrq is 1.30. Its current Enterprise Value per Revenue stands at 2.301 whereas that against EBITDA is -15.999.
Stock Price History:
The Beta on a monthly basis for ALB is 1.59, which has changed by -0.26223922 over the last 52 weeks, in comparison to a change of 0.23883796 over the same period for the S&P500. Over the past 52 weeks, ALB has reached a high of $143.19, while it has fallen to a 52-week low of $71.97. The 50-Day Moving Average of the stock is -9.03%, while the 200-Day Moving Average is calculated to be -11.69%.
Shares Statistics:
The stock has traded on average 2.08M shares per day over the past 3-months and 2224890 shares per day over the last 10 days, according to various share statistics. A total of 117.54M shares are outstanding, with a floating share count of 117.03M. Insiders hold about 0.43% of the company’s shares, while institutions hold 98.43% stake in the company. Shares short for ALB as of 1735603200 were 13218998 with a Short Ratio of 6.37, compared to 1732838400 on 12715602. Therefore, it implies a Short% of Shares Outstanding of 13218998 and a Short% of Float of 12.83.
Dividends & Splits
In the trailing 12 months, ALB’s forward annual dividend rate was 1.605, compared to 1.61 this year. Against a Trailing Annual Dividend Yield of 0.01808247The stock’s 5-year Average Dividend Yield is 1.14. The current Payout Ratio is 11.98% for ALB, which recently paid a dividend on 2024-12-13 with an ex-dividend date of 1734048000. Stock splits for the company last occurred on 2007-03-02 when the company split stock in a 2:1 ratio.
