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. After-hours trades for Albemarle Corporation (ALB) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$12.13, or -4.26%, to $272.9. Volume reached 15,006 shares, with price reaching a high of $272.5 and a low of $272.15. The stock was recently discussed on Yahoo Finance as it revealed that Albemarle Announces New Global Business Unit Alignment.
Albemarle Corporation is listed on the NYSE in the Basic Materials sector while operating in the Specialty Chemicals industry. At the end of the last regular session, the stock closed at $272.15 and fluctuated between $289.87 as its day high and $270.74 as its day low. The current market capitalization of Albemarle Corporation is $31.81B. A total of 1.57 million shares were traded on the day, compared to an average of 1.27M shares.
Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, ALB has seen 7 BUY and 0 SELL insider trades, representing the acquisition of 5,117 and the disposition of 0 shares. Over the last 12 months, there were 42 BUYs and 42 SELLs from insiders. Insiders purchased 98,235 shares during that period but sold 65,676.
In the most recent transaction, NARWOLD KAREN G sold 2,250 shares of ALB for 268.99 per share on Sep 06. After the transaction, the EVP, Chief Admin Officer now owns 15,944 company shares. In a previous transaction on Aug 31, Crawford Raphael Goszcz sold 17,968 shares at 230.17 per share. ALB shares that President, Catalysts owns now total 7,946.
Among the insiders who bought shares, Johnson Netha N. acquired of 1,060 shares on Feb 18 at a per-share price of $187.81. This resulted in the President, Bromine Specialties holding 7,303 shares of ALB after the transaction. In another insider transaction, Masters J Kent bought 5,241 shares at $190.80 per share on Feb 18. Company shares held by the Chairman, President & CEO now total 15,872.
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. Albemarle Corporation pays an annual dividend of $1.58, resulting in a dividend yield of 0.58%, and it has a price to earnings (P/E) ratio of 122.70. ALB’s most recent ex-dividend date was 09/15/2022 when it declared a $0.395 quarterly dividend that was paid in cash on 10/03/2022. Previously, the company paid the dividend on 07/01/2022 with an ex-dividend date of 06/09/2022. The dividend was $0.395 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. According to analysts who have offered 12-month price targets for ALB in the last 3 months, the mean price target is $306.99 with high estimates of $440.00 and low estimates of $145.00. In terms of 52-week highs and lows, ALB has a high of $308.24 and a low of $169.93.
As of this writing, ALB has an earnings estimate of $6.77 per share for the current quarter. EPS was calculated based on a consensus of 9 estimates, with a high estimate of $8.57 per share and a lower estimate of $5.49. The company reported an EPS of $3.45 in the last quarter, which was 13.86% higher than expectations of $3.03.
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 $51.96, while its Total Shareholder’s Equity was $5.81B.
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, 25 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 Sell with a score of 3.92. A total of 12 analysts rated the stock as Buy while 3 rated it as Overweight while 8 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 2 thought it should be Sold.