Albemarle Corp (NYSE: ALB) is -22.97% lower on its value in year-to-date trading and has touched a low of $71.97 and a high of $153.54 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 $107.70 in the last trading session, with the day’s gains setting it 3.6%.
Currently trading at $111.30, the stock is 5.70% and 11.44% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.98 million and changing 3.34% at the moment leaves the stock 4.98% off its SMA200. ALB registered -8.22% loss for a year compared to 6-month loss of -7.93%. The firm has a 50-day simple moving average (SMA 50) of $99.3676 and a 200-day simple moving average (SMA200) of $106.0559.
The stock witnessed a 17.49% gain in the last 1 month and extending the period to 3 months gives it a 32.31%, and is 2.69% 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 3.04% over the week and 4.37% over the month.
Albemarle Corp (ALB) has around 9000 employees, a market worth around $13.05B and $6.50B in sales. Fwd P/E is 122.78. Profit margin for the company is -30.26%. Distance from 52-week low is 54.65% and -27.51% from its 52-week high. The company has generated returns on investments over the last 12 months (-14.14%).
with sales reaching $1.35B over the same period.The EPS is expected to shrink by -107.06% this year, but quarterly earnings will post -42.85% year-over-year. Quarterly sales are estimated to shrink -42.66% in year-over-year returns.
Albemarle Corp (ALB) Top Institutional Holders
1197.0 institutions hold shares in Albemarle Corp (ALB), with institutional investors hold 93.94% of the company’s shares. The shares outstanding are 117.54M, and float is at 117.05M with Short Float at 10.54%. Institutions hold 93.62% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 14.31 million shares valued at $1.37 billion. The investor’s holdings represent 12.1856% of the ALB Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 9.96 million shares valued at $951.72 million to account for 8.4832 of the shares outstanding. The other top investors are CAPITAL RESEARCH GLOBAL INVESTORS which holds 7.17 million shares representing 6.1036% and valued at over $684.77 million, while STATE STREET CORP holds 5.1086 of the shares totaling 6.0 million with a market value of $575.48 million.
Albemarle Corp (ALB) Insider Activity
The most recent transaction is an insider sale by Johnson Netha N., the company’s Chief Operations Officer. SEC filings show that Johnson Netha N. sold 1,060 shares of the company’s common stock on Nov 19 ’24 at a price of $106.04 per share for a total of $0.11 million. Following the sale, the insider now owns 30360.0 shares.
Still, SEC filings show that on May 14 ’24, Mummert Mark Richard (SVP, Capital Projects) disposed off 843 shares at an average price of $135.53 for $0.11 million. The insider now directly holds 6,802 shares of Albemarle Corp (ALB).
