Market Recap: Albemarle Corp. (ALB)’s Negative Momentum, Closing at 103.51

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The closing price of Albemarle Corp. (NYSE: ALB) was $103.51 for the day, down -4.36% from the previous closing price of $108.23. In other words, the price has decreased by -$4.36 from its previous closing price. On the day, 3.88 million shares were traded. ALB stock price reached its highest trading level at $108.59 during the session, while it also had its lowest trading level at $103.32.

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 1.91 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, Scotiabank on May 22, 2024, Downgraded its rating to Sector Perform and sets its target price to $135 from $150 previously.

On April 11, 2024, Berenberg Upgraded its rating to Buy which previously was Hold and also upped its target price recommendation from $130 to $160.

BofA Securities Upgraded its Neutral to Buy on April 10, 2024, whereas the target price for the stock was revised from $137 to $156.

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 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 12165220352 and an Enterprise Value of 16279623680. As of this moment, Albemarle’s Price-to-Earnings (P/E) ratio for their current fiscal year is 37.68, and their Forward P/E ratio for the next fiscal year is 14.59. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.45 while its Price-to-Book (P/B) ratio in mrq is 1.31. Its current Enterprise Value per Revenue stands at 1.939 whereas that against EBITDA is -51.34.

Stock Price History:

Over the past 52 weeks, ALB has reached a high of $247.44, while it has fallen to a 52-week low of $106.69. The 50-Day Moving Average of the stock is -15.61%, while the 200-Day Moving Average is calculated to be -22.95%.

Shares Statistics:

ALB traded an average of 2.48M shares per day over the past three months and 2550050 shares per day over the past ten days. A total of 117.36M shares are outstanding, with a floating share count of 117.02M. Insiders hold about 0.43% of the company’s shares, while institutions hold 95.40% stake in the company. Shares short for ALB as of 1715731200 were 13591619 with a Short Ratio of 6.43, compared to 1713139200 on 13725449. Therefore, it implies a Short% of Shares Outstanding of 13591619 and a Short% of Float of 13.200000000000001.

Dividends & Splits

With its trailing 12-month dividend rate of 1.6, ALB has a forward annual dividend rate of 2.00. Against a Trailing Annual Dividend Yield of 0.014838171The stock’s 5-year Average Dividend Yield is 1.18.

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