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The closing price of Albemarle Corp (NYSE: ALB) was $72.81 for the day, up 0.19% from the previous closing price of $72.67. In other words, the price has increased by $0.19 from its previous closing price. On the day, 2.2 million shares were traded. ALB stock price reached its highest trading level at $73.83 during the session, while it also had its lowest trading level at $71.05.
Ratios:
Our analysis of ALB’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 1.19 and its Current Ratio is at 1.95. In the meantime, Its Debt-to-Equity ratio is 0.37 whereas as Long-Term Debt/Eq ratio is at 0.32.
On January 28, 2025, Truist started tracking the stock assigning a Hold rating and target price of $96.
On January 14, 2025, Clarksons Platou started tracking the stock assigning a Buy rating and target price of $112.Clarksons Platou initiated its Buy rating on January 14, 2025, with a $112 target price.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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 8560489984 and an Enterprise Value of 13473414144. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.59 while its Price-to-Book (P/B) ratio in mrq is 1.11. Its current Enterprise Value per Revenue stands at 2.506 whereas that against EBITDA is -1478.645.
Stock Price History:
The Beta on a monthly basis for ALB is 1.58, which has changed by -0.39269328 over the last 52 weeks, in comparison to a change of 0.087141395 over the same period for the S&P500. Over the past 52 weeks, ALB has reached a high of $137.50, while it has fallen to a 52-week low of $67.23. The 50-Day Moving Average of the stock is -12.35%, while the 200-Day Moving Average is calculated to be -22.17%.
Shares Statistics:
ALB traded an average of 2.47M shares per day over the past three months and 3348440 shares per day over the past ten days. A total of 117.56M shares are outstanding, with a floating share count of 116.91M. Insiders hold about 0.56% of the company’s shares, while institutions hold 97.95% stake in the company. Shares short for ALB as of 1740700800 were 12012540 with a Short Ratio of 4.85, compared to 1738281600 on 13160204. Therefore, it implies a Short% of Shares Outstanding of 12012540 and a Short% of Float of 11.66.
Dividends & Splits
With its trailing 12-month dividend rate of 1.61, ALB has a forward annual dividend rate of 1.61. Against a Trailing Annual Dividend Yield of 0.022154948The 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 1741910400. Stock splits for the company last occurred on 2007-03-02 when the company split stock in a 2:1 ratio.
