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The price of Albemarle Corp. (NYSE: ALB) closed at $130.78 in the last session, up 2.09% from day before closing price of $128.10. In other words, the price has increased by $2.09 from its previous closing price. On the day, 1.95 million shares were traded. ALB stock price reached its highest trading level at $131.5 during the session, while it also had its lowest trading level at $127.65.
Ratios:
We take a closer look at ALB’s different ratios to gain a better understanding of the stock. 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, Berenberg on April 11, 2024, Upgraded its rating to Buy and sets its target price to $160 from $130 previously.
On April 10, 2024, BofA Securities Upgraded its rating to Buy which previously was Neutral and also upped its target price recommendation from $137 to $156.
Vertical Research Downgraded its Buy to Hold on March 08, 2024, while the target price for the stock was maintained at $145.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Nov 07 ’23 when Coleman Kristin M. bought 1,373 shares for $121.86 per share. The transaction valued at 167,314 led to the insider holds 2,746 shares of the business.
Norris Eric bought 1,260 shares of ALB for $246,317 on May 10 ’23. The President, Energy Storage now owns 26,596 shares after completing the transaction at $195.49 per share.
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 15370180608 and an Enterprise Value of 19484598272. As of this moment, Albemarle’s Price-to-Earnings (P/E) ratio for their current fiscal year is 47.61, and their Forward P/E ratio for the next fiscal year is 15.91. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.83 while its Price-to-Book (P/B) ratio in mrq is 1.65. Its current Enterprise Value per Revenue stands at 2.32 whereas that against EBITDA is -61.447.
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 6.29%, while the 200-Day Moving Average is calculated to be -9.55%.
Shares Statistics:
According to the various share statistics, ALB traded on average about 3.45M shares per day over the past 3-months and 2667580 shares per day over the past 10 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 95.28% stake in the company. Shares short for ALB as of 1713139200 were 13725449 with a Short Ratio of 3.97, compared to 1710460800 on 14132892. Therefore, it implies a Short% of Shares Outstanding of 13725449 and a Short% of Float of 13.33.
Dividends & Splits
The forward annual dividend rate for ALB is 1.60, which was 1.6 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 0.012490242The stock’s 5-year Average Dividend Yield is 1.2.
