Is Albemarle Corp. (NYSE: ALB) No Longer A Good Investment?

After Hours

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.

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Stocks Info

ALB belongs to the Basic Materials sector of the NYSE while operating in the Specialty Chemicals industry. The current market capitalization of Albemarle Corp. is $11.34B. A total of 2.36 million shares were traded on the day, compared to an average of 2.93M 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

Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. 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.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. In terms of 52-week highs and lows, ALB has a high of $153.54 and a low of $71.97.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using 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

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. 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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