Seeking to outpace the market, investors engage in the art of selecting individual stocks. The right picks can play a pivotal role in boosting your wealth.
Albemarle Corp (NYSE: ALB) closed the day trading at $89.20 up 0.62% from the previous closing price of $88.65. In other words, the price has increased by $0.62 from its previous closing price. On the day, 2.0 million shares were traded. ALB stock price reached its highest trading level at $89.85 during the session, while it also had its lowest trading level at $88.11.
Ratios:
For a better understanding of ALB, let’s 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 the company, Robert W. Baird on August 05, 2024, Downgraded its rating to Neutral and sets its target price to $85 from $102 previously.
On July 31, 2024, Berenberg Downgraded its rating to Hold which previously was Buy and also lowered its target price recommendation from $160 to $83.
HSBC Securities Downgraded its Buy to Hold on July 17, 2024, while the target price for the stock was maintained at $95.
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 10484568064 and an Enterprise Value of 14947379200. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.61 while its Price-to-Book (P/B) ratio in mrq is 1.31. Its current Enterprise Value per Revenue stands at 2.299 whereas that against EBITDA is -15.985.
Stock Price History:
Over the past 52 weeks, ALB has reached a high of $153.54, while it has fallen to a 52-week low of $71.97. The 50-Day Moving Average of the stock is -11.47%, while the 200-Day Moving Average is calculated to be -14.38%.
Shares Statistics:
Over the past 3-months, ALB traded about 2.32M shares per day on average, while over the past 10 days, ALB traded about 2045560 shares per day. A total of 117.54M shares are outstanding, with a floating share count of 117.08M. Insiders hold about 0.39% of the company’s shares, while institutions hold 97.82% stake in the company. Shares short for ALB as of 1732838400 were 12715602 with a Short Ratio of 5.49, compared to 1730332800 on 13634704. Therefore, it implies a Short% of Shares Outstanding of 12715602 and a Short% of Float of 12.34.
Dividends & Splits
ALB’s forward annual dividend rate is 1.61, up from 1.605 a year ago. Against a Trailing Annual Dividend Yield of 0.018104907The stock’s 5-year Average Dividend Yield is 1.14.
