For those aiming to surpass market returns, the art of stock picking is crucial. Making wise choices in stocks can greatly enhance your overall 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
In the latest session, Albemarle Corp. (NYSE: ALB) closed at $84.75 up 0.75% from its previous closing price of $84.12. In other words, the price has increased by $0.75 from its previous closing price. On the day, 2.15 million shares were traded. ALB stock price reached its highest trading level at $87.1851 during the session, while it also had its lowest trading level at $83.175.
Ratios:
For a deeper understanding of Albemarle Corp.’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.75 and its Current Ratio is at 2.67. In the meantime, Its Debt-to-Equity ratio is 0.33 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, 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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. 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 9960922112 and an Enterprise Value of 14211858432. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.34 while its Price-to-Book (P/B) ratio in mrq is 1.11. Its current Enterprise Value per Revenue stands at 1.906 whereas that against EBITDA is -16.9.
Stock Price History:
Over the past 52 weeks, ALB has reached a high of $203.62, while it has fallen to a 52-week low of $71.97. The 50-Day Moving Average of the stock is -5.91%, while the 200-Day Moving Average is calculated to be -26.78%.
Shares Statistics:
For the past three months, ALB has traded an average of 3.19M shares per day and 2321700 over the past ten days. A total of 117.36M shares are outstanding, with a floating share count of 117.00M. Insiders hold about 0.45% of the company’s shares, while institutions hold 96.51% stake in the company. Shares short for ALB as of 1723680000 were 12314455 with a Short Ratio of 3.87, compared to 1721001600 on 14560784. Therefore, it implies a Short% of Shares Outstanding of 12314455 and a Short% of Float of 11.959999999999999.
Dividends & Splits
According to the company, the forward annual dividend rate for ALB is 1.60, from 1.6 in the trailing year. Against a Trailing Annual Dividend Yield of 0.019020448The stock’s 5-year Average Dividend Yield is 1.17.
