Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.
The closing price of Albemarle Corp (NYSE: ALB) was $84.18 for the day, up 6.84% from the previous closing price of $78.79. In other words, the price has increased by $6.84 from its previous closing price. On the day, 7.76 million shares were traded. ALB stock price reached its highest trading level at $86.18 during the session, while it also had its lowest trading level at $81.78.
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.Truist initiated its Hold rating on January 28, 2025, with a $96 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:
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 9904703488 and an Enterprise Value of 14541231104. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.94 while its Price-to-Book (P/B) ratio in mrq is 1.27. Its current Enterprise Value per Revenue stands at 2.855 whereas that against EBITDA is 75.896.
Stock Price History:
The Beta on a monthly basis for ALB is 1.66, which has changed by -0.09288794 over the last 52 weeks, in comparison to a change of 0.16564083 over the same period for the S&P500. Over the past 52 weeks, ALB has reached a high of $113.91, while it has fallen to a 52-week low of $49.43. The 50-Day Moving Average of the stock is 30.96%, while the 200-Day Moving Average is calculated to be 6.03%.
Shares Statistics:
ALB traded an average of 3.73M shares per day over the past three months and 5175110 shares per day over the past ten days. A total of 117.65M shares are outstanding, with a floating share count of 116.59M. Insiders hold about 0.91% of the company’s shares, while institutions hold 96.65% stake in the company. Shares short for ALB as of 1751241600 were 17324709 with a Short Ratio of 4.64, compared to 1748563200 on 18628368. Therefore, it implies a Short% of Shares Outstanding of 17324709 and a Short% of Float of 22.209999.
Dividends & Splits
With its trailing 12-month dividend rate of 1.615, ALB has a forward annual dividend rate of 1.62. Against a Trailing Annual Dividend Yield of 0.020497525The stock’s 5-year Average Dividend Yield is 1.17.
