Currently, there are 117.36M common shares owned by the public and among those 117.03M shares have been available to trade.
Insiders at the company have transacted a total of 12 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 11 of these insider trades were purchases, accounting for 68,451 shares. Insider sales of the common stock occurred on 1 occasions, with total insider shares sold totaling 24,351 shares.
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The company’s stock has a 5-day price change of -14.92% and -13.28% over the past three months. ALB shares are trading -24.28% year to date (YTD), with the 12-month market performance down to -57.82% lower. It has a 12-month low price of $108.39 and touched a high of $263.25 over the same period. ALB has an average intraday trading volume of 3.11 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -9.66%, -13.79%, and -34.11% respectively.
Institutional ownership of Albemarle Corp. (NYSE: ALB) shares accounts for 95.27% of the company’s 117.36M shares outstanding.
It has a market capitalization of $12.84B and a beta (3y monthly) value of 1.63. The stock’s trailing 12-month PE ratio is 8.20, while the earnings-per-share (ttm) stands at $13.34. Price movements for the stock have been influenced by the stock’s volatility, which stands at 6.09% over the week and 5.05% over the month.
Analysts forecast that Albemarle Corp. (ALB) will achieve an EPS of $0.25 for the current quarter, $0.52 for the next quarter and $9.99 for 2025. The lowest estimate earnings-per-share for the quarter is -$0.8 while analysts give the company a high EPS estimate of $1.92. Comparatively, EPS for the current quarter was $10.32 a year ago. Earnings per share for the fiscal year are expected to decrease by -78.47%, and 88.74% over the next financial year. EPS should shrink at an annualized rate of -8.76% over the next five years, compared to 16.09% over the past 5-year period.
Citigroup coverage for the Albemarle Corp. (ALB) stock in a research note released on February 09, 2024 offered a Neutral rating with a price target of $120. TD Cowen was of a view on January 29, 2024 that the stock is Market Perform, while Deutsche Bank gave the stock Hold rating on January 11, 2024, issuing a price target of $155- $135. BofA Securities on their part issued Neutral rating on December 12, 2023.
