rts logo

ALB Stock Forecast: All the More Reason to Consider Albemarle Corp. (ALB) Now

Albemarle Corp. (NYSE: ALB) is -10.29% lower on its value in year-to-date trading and has touched a low of $106.69 and a high of $247.44 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The ALB stock was last observed hovering at around $133.55 in the last trading session, with the day’s loss setting it -3.93%.

Currently trading at $129.62, the stock is 7.39% and 4.95% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.9 million and changing -2.94% at the moment leaves the stock -9.30% off its SMA200. ALB registered -33.36% loss for a year compared to 6-month gain of 8.92%.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free

The stock witnessed a -0.53% loss in the last 1 month and extending the period to 3 months gives it a 11.95%, and is 1.19% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.56% over the week and 4.14% over the month.

Albemarle Corp. (ALB) has around 9000 employees, a market worth around $15.23B and $8.40B in sales. Current P/E ratio is 47.19 and Fwd P/E is 16.36. Profit margin for the company is 3.88%. Distance from 52-week low is 21.49% and -47.62% from its 52-week high. The company has generated returns on investments over the last 12 months (2.15%).

The EPS is expected to shrink by -82.23% this year.

Albemarle Corp. (ALB) Top Institutional Holders

The shares outstanding are 117.36M, and float is at 117.04M with Short Float at 12.28%.

Albemarle Corp. (ALB) Insider Activity

The most recent transaction is an insider purchase by Coleman Kristin M.,the company’sEVP, General Counsel. SEC filings show that Coleman Kristin M. bought 1,373 shares of the company’s common stock on Nov 07 ’23 at a price of $121.86 per share for a total of $0.17 million. Following the purchase, the insider now owns 2746.0 shares.

Related Posts