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.
After finishing at $52.57 in the prior trading day, Albemarle Corp (NYSE: ALB) closed at $52.91, up 0.65%. In other words, the price has increased by $0.65 from its previous closing price. On the day, 3.12 million shares were traded. ALB stock price reached its highest trading level at $53.83 during the session, while it also had its lowest trading level at $51.93.
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 1.19 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:
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 6224914432 and an Enterprise Value of 11150162944. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.16 while its Price-to-Book (P/B) ratio in mrq is 0.81. Its current Enterprise Value per Revenue stands at 2.073 whereas that against EBITDA is -1223.679.
Stock Price History:
The Beta on a monthly basis for ALB is 1.77, which has changed by -0.52822113 over the last 52 weeks, in comparison to a change of 0.0635103 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 $49.43. The 50-Day Moving Average of the stock is -26.81%, while the 200-Day Moving Average is calculated to be -39.90%.
Shares Statistics:
The stock has traded on average 3.07M shares per day over the past 3-months and 5410240 shares per day over the last 10 days, according to various share statistics. A total of 117.56M shares are outstanding, with a floating share count of 116.99M. Insiders hold about 0.56% of the company’s shares, while institutions hold 97.91% stake in the company. Shares short for ALB as of 1743379200 were 12973993 with a Short Ratio of 4.22, compared to 1740700800 on 12012540. Therefore, it implies a Short% of Shares Outstanding of 12973993 and a Short% of Float of 16.63.
Dividends & Splits
In the trailing 12 months, ALB’s forward annual dividend rate was 1.61, compared to 1.61 this year. Against a Trailing Annual Dividend Yield of 0.030625833The stock’s 5-year Average Dividend Yield is 1.13.
Earnings Estimates
The performance of Albemarle Corp (ALB) in the stock market is under the watchful eye of 17.0 analysts actively contributing to its current rating.The consensus estimate for the next quarter is -$0.44, with high estimates of $0.36 and low estimates of -$0.88.
Analysts are recommending an EPS of between $1.13 and -$3.25 for the fiscal current year, implying an average EPS of -$1.41. EPS for the following year is $1.52, with 20.0 analysts recommending between $4.12 and -$1.28.
Revenue Estimates
16 analysts predict $1.17B in revenue for the current quarter. It ranges from a high estimate of $1.27B to a low estimate of $957.7M. As of the current estimate, Albemarle Corp’s year-ago sales were $1.36BFor the next quarter, 16 analysts are estimating revenue of $1.23B. There is a high estimate of $1.34B for the next quarter, whereas the lowest estimate is $1.05B.
A total of 25 analysts have provided revenue estimates for ALB’s current fiscal year. The highest revenue estimate was $5.75B, while the lowest revenue estimate was $4.41B, resulting in an average revenue estimate of $5.05B. In the same quarter a year ago, actual revenue was $5.38BBased on 24 analysts’ estimates, the company’s revenue will be $5.67B in the next fiscal year. The high estimate is $6.64B and the low estimate is $4.64B.
