Which Insiders Are Buying Albemarle Corporation (ALB) Shares?

The stock of Albemarle Corporation (NYSE:ALB) increased by $6.94 on Tuesday to finish at $213.11, up 3.37 percent. The last five days have seen an average of 1,825,900 shares of common stock traded. 15 times new highs were reached in the current year, with a fall of -$3.75. The average number of shares traded over the last 20 days was 2,132,375, while the average volume over the last 50 days totaled 2,445,324.

ALB stock appreciated 18.59% since last month. On 05/08/23, the company’s shares reached a one-month low of $183.06. The stock touched a high of $334.55 on 02/16/23, after rallying from a low of $171.82 in 52 weeks. The price of ALB stock has declined by -1.73% or -$3.75 this year, reaching a new high 15 times. Still, the stock price is down -36.30% from the 52-week high.

Insider Transactions

ALB stock investors should be aware that Albemarle Corporation (ALB) stock had its last reported insider trading activity 28 days ago on May 10. On May 10, President, Energy Storage Norris Eric acquired 1,260 shares at $195.49 each. This transaction resulted in the insider spending $246,317. On May 05, Masters J Kent added 5,470 shares at a price of US$181.64. After the transaction, the insider now owns 51,466 shares. EVP, General Counsel Coleman Kristin M. had earlier bought 1,373 shares on May 05 for $182.00 a share. The transaction was completed for $249,886.

Valuation Metrics

Albemarle Corporation (ALB) has a trailing price-to-earnings (P/E) ratio of 6.83. Beta for the stock is 1.54. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 2.68, the price-to-book (PB) ratio of 2.71, and the price-to-cash flow ratio of 29.63.

Company paid $0.40 per share in dividends, remained unchanged from $0.40 last year.

Financial Health

For the three months ended March 30, Albemarle Corporation’s quick ratio was 1.00, while its current ratio was 1.90, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending March 30 is 0.35, and the total debt to equity ratio is 0.35. As far as profitability goes, gross margin for the trailing twelve months is 44.50% percent. Albemarle Corporation’s operating margin stood at 37.10% for the same period. Based on annual data, it had gross profit of $3.07 billion and revenue of $7.32 billion.

Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. ALB’s return on assets (ROA) during the last 12 months has been 24.80%. There was a 18.60% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 49.00%.

Earnings Surprise

According to Albemarle Corporation’s quarterly financial report for the quarter that ended March 30. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $2.58 billion, while revenues rose by 56.29% to $2.62 billion. It was predicted that Albemarle Corporation’s quarterly earnings would be $10.32, but it ended up being $7.03, beating the consensus by 46.80%. EBITDA was $1.19 billion for the quarter. At the end of Albemarle Corporation’s most recent quarter ended March 30, its liabilities totaled 8.11 billion, while its total debt was $3.37 billion. Equity owned by shareholders amounts to $117.34 million.

Technical Picture

Here’s a quick look at Albemarle Corporation’s (ALB) price momentum from a technical perspective. As of 06 June, the RSI 9-day stood at 62.01%, suggesting the stock is Neutral, with a 49.53% historical volatility rate.

The stochastic %K and %D were 61.73% and 42.78% respectively, while the average true range (ATR) was 8.66. Based on the 14-day stochastic reading of 75.43%, the RSI (14) reading is 58.51%. On the 9-day MACD Oscillator, the stock is at 4.80, and the 14-day reading is at 3.17.

Analyst Ratings

In its most recent analyst report, UBS raised its rating on Albemarle Corporation (NYSE: ALB) to a Buy. Prior to this, analysts firm rated the stock as a Neutral. Analysts have assigned Albemarle Corporation (ALB) an Overweight rating. ALB is a stock that is recommended for selling by 2 brokerage firms, while 6 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 3 rates it overweight and 17 others recommend it as a buy.

What is ALB’s price target for the next 12 months?

The current consensus forecast for the stock is between $155.00 and $360.00, with a median target price of $265.50. In analyzing these forecasts, the average price target given by analysts for Albemarle Corporation (ALB) is $261.44.

energy storage