Investors seeking to outperform the market often focus on hand-picking stocks. Selecting the right ones has proven to be a key factor in boosting wealth.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
As of close of business last night, Albemarle Corp.’s stock clocked out at $93.67, up 1.25% from its previous closing price of $92.51. In other words, the price has increased by $1.25 from its previous closing price. On the day, 5.75 million shares were traded. ALB stock price reached its highest trading level at $95.9499 during the session, while it also had its lowest trading level at $91.77.
Ratios:
To gain a deeper understanding of ALB’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.91 and its Current Ratio is at 2.84. In the meantime, Its Debt-to-Equity ratio is 0.32 whereas as Long-Term Debt/Eq ratio is at 0.32.
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 the company, Berenberg on Aug-01-24, Downgraded its rating to Hold and sets its target price to $83 from $160 previously.
On July 17, 2024, HSBC Securities Downgraded its rating to Hold which previously was Buy but kept the price unchanged to $95.
Wells Fargo Downgraded its Overweight to Equal Weight on July 11, 2024, whereas the target price for the stock was revised from $145 to $100.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on May 14 ’24 when Mummert Mark Richard sold 843 shares for $135.53 per share. The transaction valued at 114,250 led to the insider holds 6,802 shares of the business.
Barichivich John Clarence III sold 1,475 shares of ALB for $194,951 on May 13 ’24. The VP, Controller & CAO now owns 4,743 shares after completing the transaction at $132.17 per share. On Nov 07 ’23, another insider, Coleman Kristin M., who serves as the EVP, General Counsel of the company, bought 1,373 shares for $121.86 each. As a result, the insider paid 167,314 and bolstered with 2,746 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 11008753664 and an Enterprise Value of 14986821632. As of this moment, Albemarle’s Price-to-Earnings (P/E) ratio for their current fiscal year is 34.10, and their Forward P/E ratio for the next fiscal year is 17.32. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.31 while its Price-to-Book (P/B) ratio in mrq is 1.18. Its current Enterprise Value per Revenue stands at 1.785 whereas that against EBITDA is -47.263.
Stock Price History:
Over the past 52 weeks, ALB has reached a high of $215.82, while it has fallen to a 52-week low of $90.02. The 50-Day Moving Average of the stock is -11.11%, while the 200-Day Moving Average is calculated to be -23.13%.
Shares Statistics:
It appears that ALB traded 2.75M shares on average per day over the past three months and 2539420 shares per day over the past ten days. A total of 117.36M shares are outstanding, with a floating share count of 117.01M. Insiders hold about 0.44% of the company’s shares, while institutions hold 97.22% stake in the company. Shares short for ALB as of 1721001600 were 14560784 with a Short Ratio of 5.30, compared to 1718323200 on 17128068. Therefore, it implies a Short% of Shares Outstanding of 14560784 and a Short% of Float of 14.140001.
Dividends & Splits
With its trailing 12-month dividend rate of 1.6, ALB has a forward annual dividend rate of 1.60. Against a Trailing Annual Dividend Yield of 0.017295428The stock’s 5-year Average Dividend Yield is 1.18.
