The pursuit of market outperformance leads investors to the practice of hand-picking stocks. Skillful choices can be a catalyst for significant wealth enhancement.
In the latest session, Albemarle Corp (NYSE: ALB) closed at $72.25 up 0.60% from its previous closing price of $71.82. In other words, the price has increased by $0.60 from its previous closing price. On the day, 1.83 million shares were traded. ALB stock price reached its highest trading level at $73.64 during the session, while it also had its lowest trading level at $70.33.
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 1.19 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:
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 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 8500284928 and an Enterprise Value of 13373476864. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.58 while its Price-to-Book (P/B) ratio in mrq is 1.10. Its current Enterprise Value per Revenue stands at 2.487 whereas that against EBITDA is -1467.677.
Stock Price History:
The Beta on a monthly basis for ALB is 1.69, which has changed by -0.40348417 over the last 52 weeks, in comparison to a change of 0.101756096 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 $67.23. The 50-Day Moving Average of the stock is -8.18%, while the 200-Day Moving Average is calculated to be -19.97%.
Shares Statistics:
For the past three months, ALB has traded an average of 2.54M shares per day and 2065850 over the past ten days. A total of 117.56M shares are outstanding, with a floating share count of 116.91M. Insiders hold about 0.56% of the company’s shares, while institutions hold 97.95% stake in the company. Shares short for ALB as of 1741910400 were 12751247 with a Short Ratio of 5.02, compared to 1739491200 on 11245487. Therefore, it implies a Short% of Shares Outstanding of 12751247 and a Short% of Float of 12.379999999999999.
Dividends & Splits
According to the company, the forward annual dividend rate for ALB is 1.61, from 1.61 in the trailing year. Against a Trailing Annual Dividend Yield of 0.022417154The stock’s 5-year Average Dividend Yield is 1.13.
