Those aspiring to outpace the market meticulously engage in the process of selecting individual stocks. Strategic choices can be instrumental in accelerating your wealth.
In the latest session, Albemarle Corp (NYSE: ALB) closed at $75.14 down -2.88% from its previous closing price of $77.37. In other words, the price has decreased by -$2.88 from its previous closing price. On the day, 3.08 million shares were traded. ALB stock price reached its highest trading level at $78.25 during the session, while it also had its lowest trading level at $74.85.
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 1.58 and its Current Ratio is at 2.44. In the meantime, Its Debt-to-Equity ratio is 0.36 whereas as Long-Term Debt/Eq ratio is at 0.36.
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 8831955968 and an Enterprise Value of 13359409152. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.36 while its Price-to-Book (P/B) ratio in mrq is 1.10. Its current Enterprise Value per Revenue stands at 2.055 whereas that against EBITDA is -14.287.
Stock Price History:
The Beta on a monthly basis for ALB is 1.70, which has changed by -0.31042778 over the last 52 weeks, in comparison to a change of 0.21659255 over the same period for the S&P500. Over the past 52 weeks, ALB has reached a high of $143.19, while it has fallen to a 52-week low of $71.97. The 50-Day Moving Average of the stock is -18.89%, while the 200-Day Moving Average is calculated to be -23.88%.
Shares Statistics:
For the past three months, ALB has traded an average of 2.12M shares per day and 2469180 over the past ten days. A total of 117.54M shares are outstanding, with a floating share count of 116.91M. Insiders hold about 0.54% of the company’s shares, while institutions hold 97.52% stake in the company. Shares short for ALB as of 1736899200 were 13151195 with a Short Ratio of 6.22, compared to 1734048000 on 13194455. Therefore, it implies a Short% of Shares Outstanding of 13151195 and a Short% of Float of 12.770000000000001.
Dividends & Splits
According to the company, the forward annual dividend rate for ALB is 1.61, from 1.605 in the trailing year. Against a Trailing Annual Dividend Yield of 0.020744475The stock’s 5-year Average Dividend Yield is 1.14. The current Payout Ratio is 11.98% for ALB, which recently paid a dividend on 2024-12-13 with an ex-dividend date of 1734048000. Stock splits for the company last occurred on 2007-03-02 when the company split stock in a 2:1 ratio.
