Albemarle Corp (NYSE:ALB) currently has a daily average trading volume of 3.34M but it saw 2864975 shares traded in last market. With a market cap of 6.76B USD, the company’s current market price of $57.49 came falling about -0.96 while comparing to the previous closing price of $58.05. In past 52 weeks, the stock remained buoying in the range of price level as high as $126.36 and as low as $49.43.
Clarksons Platou issued its recommendations for the stock as it initiated the price target for the stock is $112.
Over the week, ALB’s stock price is moving 1.86% up while it is -3.31% when we observe its performance for the past one month. Year-to-date it is -33.21% down and over the past year, the stock is showing a downside performance of -54.94%.
The company is expected to be releasing its next quarterly report in June, for which analysts forecasted an EPS of -0.64 while estimate for next year EPS is -1.54. In next quarter, company is expected to be making quarterly sales of $1.28B as analysts are expecting the sales for current fiscal year at $4.87B and seeing the company making $5.38B in sales next year. Moreover, analysts are in estimates of $1.23B for current-quarter revenue.
Currently, Albemarle Corp’s total number of outstanding shares is 117.65M with 0.41% of that held by the insiders while 98.40% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -9.86% and return on equity (ROE) at -10.58%. It has a 76.34 of forward P/E ratio. Stock’s beta reads 1.63. Stock has a price to book (P/B) ratio of 0.87 while price to sale or P/S ratio amounts to 1.33. Its return on asset (ROA) is -6.33% on average.
