Albemarle Corp (NYSE: ALB) is 9.26% higher on its value in year-to-date trading and has touched a low of $71.97 and a high of $143.19 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The ALB stock was last observed hovering at around $97.49 in the last trading session, with the day’s loss setting it -3.44%.
Currently trading at $94.05, the stock is 4.58% and -4.61% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.92 million and changing -3.53% at the moment leaves the stock -7.13% off its SMA200. ALB registered -20.29% loss for a year compared to 6-month gain of 2.13%. The firm has a 50-day simple moving average (SMA 50) of $98.7106 and a 200-day simple moving average (SMA200) of $101.44495.
The stock witnessed a -3.59% loss in the last 1 month and extending the period to 3 months gives it a -0.65%, and is 2.78% 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 3.17% over the week and 3.67% over the month.
Albemarle Corp (ALB) has around 9000 employees, a market worth around $11.05B and $6.50B in sales. Fwd P/E is 2089.54. Profit margin for the company is -30.26%. Distance from 52-week low is 30.68% and -34.32% from its 52-week high. The company has generated returns on investments over the last 12 months (-14.14%).
with sales reaching $1.34B over the same period.The EPS is expected to shrink by -108.44% this year, but quarterly earnings will post -42.89% year-over-year. Quarterly sales are estimated to shrink -43.10% in year-over-year returns.
Albemarle Corp (ALB) Top Institutional Holders
1180.0 institutions hold shares in Albemarle Corp (ALB), with institutional investors hold 96.97% of the company’s shares. The shares outstanding are 117.54M, and float is at 117.03M with Short Float at 11.30%. Institutions hold 96.65% 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 Masters J Kent, the company’s Chairman & CEO. SEC filings show that Masters J Kent sold 2,525 shares of the company’s common stock on Dec 05 ’24 at a price of $101.12 per share for a total of $0.26 million. Following the sale, the insider now owns 73747.0 shares.
Still, SEC filings show that on Nov 19 ’24, Johnson Netha N. (Chief Operations Officer) disposed off 1,060 shares at an average price of $106.04 for $0.11 million. The insider now directly holds 30,360 shares of Albemarle Corp (ALB).
