Beyond market trends, investors keen on maximizing returns delve into the world of stock picking. The right selections can be instrumental in catapulting your wealth.
The closing price of Albemarle Corp (NYSE: ALB) was $57.94 for the day, down -3.91% from the previous closing price of $60.30. In other words, the price has decreased by -$3.91 from its previous closing price. On the day, 2.59 million shares were traded.
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 1.26 and its Current Ratio is at 2.11. 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:
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 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:
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 0.87.
Stock Price History:
Over the past 52 weeks, ALB has reached a high of $137.50, while it has fallen to a 52-week low of $49.43. The 50-Day Moving Average of the stock is -14.11%, while the 200-Day Moving Average is calculated to be -32.53%.
Shares Statistics:
A total of 117.65M shares are outstanding, with a floating share count of 116.99M. Insiders hold about 0.56% of the company’s shares, while institutions hold 96.18% stake in the company.
