Shares of Albemarle Corporation (NYSE:ALB) recorded -4.08% loss during trading session on August 22nd, 2019. The script traded as low as $62.69 and last traded at $63.22. 1.85 million shares changed exchanged hands during trading, a drop of -31.18% from the 30-day average session volume of 1.41M shares. The firm had previously closed at $65.91. The company has $105.96M outstanding shares, a price-to-earnings ratio of 12.78, price-to-earnings-growth ratio of 1.96and a beta of 1.66. The company has a RSI of 40.92, ATR of 2.71 and a volatility of 2.51% this week. ALB has a 52 week low price of $61.24 and a 52 week high price of $108.74.
Investors have identified the tech company Albemarle Corporation as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around 6.70B, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Albemarle Corporation (ALB) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For ALB, the company has in raw cash 398.18 million on their books with 558.84 million currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on an incline. In terms of their assets, the company currently has 0 total, with 105.99 million as their total liabilities. This figure have given the company a good sense of viability under numerous contexts.
ALB were able to record 216.34 million as free cash flow during the recently reported quarter of the year, this saw their quarterly net cash flow reduce by 157.14 million. In cash movements, the company had a total of 199.29 million as operating cash flow.
Potential earnings growth for Albemarle Corporation (ALB)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the third quarter of the year, Albemarle Corporation recorded a total of 885.05 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 0.04% coming in sequential stages and their sales for the third quarter increasing by 0.06%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 559.14 million trying to sell their products during the last quarter, with the result yielding a gross income of 325.91 million. This allows shareholders to hold on to 105.96M with the revenue now reading 1460 cents per share. This is a figure that is close to analyst’s prediction for their fourth quarter (1.89 cents a share).
Is the stock of ALB attractive?
Having a look at the company’s valuation, the company is expected to record 6.63 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on ALB sounds very interesting.
In related news, President, Lithium Norris Eric bought 3,090 shares of the company’s stock in a transaction that recorded on August 20th, 2019. The purchase was performed at an average price of 64.66, for a total value of 199,790. As the purchase deal closes, the SVP, Chief HR Officer Norris Eric now bought 1,000 shares of the company’s stock, valued at 70,850. Also, EVP, Chief Admin Officer NARWOLD KAREN G sold 1,243 shares of the company’s stock in a deal that was recorded on March 4th, 2019. The shares were sold at an average cost of 91.00 per share, with a total market value of 34,757. Following this completion of disposal, the EVP & CFO now holds 2,961 shares of the company’s stock, valued at 269,451. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.50%.
7 out of 23 analysts covering the stock have rated it a Buy, while 7 have maintained a Hold recommendation on Albemarle Corporation stock. 0 analysts has assigned a Sell rating on the ALB stock. The 12-month mean consensus price target for the company’s shares has been set at $90.38.