Currently, there are 117.36M common shares owned by the public and among those 117.02M shares have been available to trade.
The company’s stock has a 5-day price change of 6.30% and 3.47% over the past three months. ALB shares are trading -30.61% year to date (YTD), with the 12-month market performance down to -37.27% lower. It has a 12-month low price of $71.97 and touched a high of $177.52 over the same period. ALB has an average intraday trading volume of 2.98 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 8.53%, 14.71%, and -9.53% respectively.
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Institutional ownership of Albemarle Corp. (NYSE: ALB) shares accounts for 94.15% of the company’s 117.36M shares outstanding.
It has a market capitalization of $11.78B and a beta (3y monthly) value of 1.53. The earnings-per-share (ttm) stands at -$4.73. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.74% over the week and 4.22% over the month.
Analysts forecast that Albemarle Corp. (ALB) will achieve an EPS of -0.28 for the current quarter, -0.14 for the next quarter and 2.88 for current fiscal year. The lowest estimate earnings-per-share for the quarter is -1.24 while analysts give the company a high EPS estimate of -1.24. Comparatively, EPS for the current quarter was 2.74 a year ago. Earnings per share for the fiscal year are expected to decrease by -99.50%, and 1899.88% over the next financial year.
Looking at the support for the ALB, a number of firms have released research notes about the stock. Robert W. Baird stated their Neutral rating for the stock in a research note on August 05, 2024, with the firm’s price target at $102-$85. Berenberg coverage for the Albemarle Corp. (ALB) stock in a research note released on July 31, 2024 offered a Hold rating with a price target of $83. HSBC Securities was of a view on July 17, 2024 that the stock is Hold, while Wells Fargo gave the stock Equal Weight rating on July 11, 2024, issuing a price target of $145- $100. Scotiabank on their part issued Sector Perform rating on May 22, 2024.
