Currently, there are 117.36M common shares owned by the public and among those 117.13M shares have been available to trade.
However, the script later moved the day high at 125.84, up 5.43%. The company’s stock has a 5-day price change of -6.34% and -0.48% over the past three months. ALB shares are trading -13.66% year to date (YTD), with the 12-month market performance down to -47.31% lower. It has a 12-month low price of $106.69 and touched a high of $255.32 over the same period. ALB has an average intraday trading volume of 3.51 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 2.22%, 0.21%, and -24.05% respectively.
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Institutional ownership of Albemarle Corp. (NYSE: ALB) shares accounts for 95.10% of the company’s 117.36M shares outstanding.
It has a market capitalization of $14.66B and a beta (3y monthly) value of 1.64. The stock’s trailing 12-month PE ratio is 9.35, 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 7.67% over the week and 5.47% over the month.
Analysts forecast that Albemarle Corp. (ALB) will achieve an EPS of $0.25 for the current quarter, $0.47 for the next quarter and $9.47 for 2025. The lowest estimate earnings-per-share for the quarter is -$0.8 while analysts give the company a high EPS estimate of $2.66. Comparatively, EPS for the current quarter was $10.32 a year ago. Earnings per share for the fiscal year are expected to decrease by -79.03%, and 88.80% 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.
Looking at the support for the ALB, a number of firms have released research notes about the stock. Vertical Research stated their Hold rating for the stock in a research note on March 08, 2024, with the firm’s price target at $145. Citigroup was of a view on February 09, 2024 that the stock is Neutral, while TD Cowen gave the stock Market Perform rating on January 29, 2024, issuing a price target of $220- $130. Deutsche Bank on their part issued Hold rating on January 11, 2024.
