Albemarle Corp. (ALB) concluded trading on Thursday at a closing price of $95.17, with 4.33 million shares of worth about $411.74 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -26.11% during that period and on September 26, 2024 the price saw a gain of about 9.92%. Currently the company’s common shares owned by public are about 117.36M shares, out of which, 117.00M shares are available for trading.
Stock saw a price change of 6.54% in past 5 days and over the past one month there was a price change of 6.96%. Year-to-date (YTD), ALB shares are showing a performance of -34.13% which decreased to -41.85% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $71.97 but also hit the highest price of $177.52 during that period. The average intraday trading volume for Albemarle Corp. shares is 3.06 million. The stock is currently trading 10.19% above its 20-day simple moving average (SMA20), while that difference is up 9.97% for SMA50 and it goes to -15.56% lower than SMA200.
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Albemarle Corp. (NYSE: ALB) currently have 117.36M outstanding shares and institutions hold larger chunk of about 94.11% of that.
The stock has a current market capitalization of $11.19B and its 3Y-monthly beta is at 1.54. It has posted earnings per share of -$4.73 in the same period. It has Quick Ratio of 1.75 while making debt-to-equity ratio of 0.33. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for ALB, volatility over the week remained 4.93% while standing at 4.78% over the month.
Stock’s fiscal year EPS is expected to drop by -98.70% while it is estimated to increase by 837.82% in next year. EPS is likely to shrink at an annualized rate of -6.21% for next 5-years, compared to annual growth of 16.09% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Robert W. Baird on August 05, 2024 offering a Neutral rating for the stock and assigned a target price range of between $102 and $85 to it. Coverage by Berenberg stated Albemarle Corp. (ALB) stock as a Hold in their note to investors on July 31, 2024, suggesting a price target of $83 for the stock. On July 17, 2024, HSBC Securities Downgrade their recommendations, while on July 11, 2024, Wells Fargo Downgrade their ratings for the stock with a price target of $100. Stock get a Sector perform rating from Scotiabank on May 22, 2024.
