Make Sure You Stick With Albemarle Corp. (ALB). It’s Bull Time Again

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility.

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Stocks Info

Albemarle Corp. is listed on the NYSE in the Basic Materials sector while operating in the Specialty Chemicals industry. The current market capitalization of Albemarle Corp. is $12.28B. A total of 4.52 million shares were traded on the day, compared to an average of 2.94M shares.

In the most recent transaction, Mummert Mark Richard sold 843 shares of ALB for 135.53 per share on May 14 ’24. After the transaction, the SVP, Capital Projects now owns 6,802 company shares. In a previous transaction on May 13 ’24, Barichivich John Clarence III sold 1,475 shares at 132.17 per share. ALB shares that VP, Controller & CAO owns now total 4,743.

Among the insiders who bought shares, Coleman Kristin M. acquired of 1,373 shares on Nov 07 ’23 at a per-share price of $121.86. This resulted in the EVP, General Counsel holding 2,746 shares of ALB after the transaction.

Dividend

The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. ALB’s most recent ex-dividend date was 9/13/2024 when it declared a $0.4050 quarterly dividend that was paid in cash on 10/1/2024. Previously, the company paid the dividend on 7/1/2024 with an ex-dividend date of 6/14/2024. The ALB stock dividend was $0.40 per share in cash.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. In terms of 52-week highs and lows, ALB has a high of $177.52 and a low of $71.97.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. ALB’s latest balance sheet shows that the firm has $439.27M in Cash & Short Term Investments as of fiscal 2021. There were $2.52B in debt and $1.87B in liabilities at the time. Its Book Value Per Share was $76.47, while its Total Shareholder’s Equity was $5.81B.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for ALB is Buy with a score of 3.63.

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