Albemarle Corporation (NYSE:ALB) went down by -6.01% from its latest closing price compared to the recent 1-year high of $188.35. The company’s stock price has collected -1.16% of loss in the last five trading sessions. Press Release reported 7 hours ago that Albemarle Corporation to Release First-Quarter 2021 Earnings Results on Wednesday, May 5, 2021
Is It Worth Investing in Albemarle Corporation (NYSE :ALB) Right Now?
Albemarle Corporation (NYSE:ALB) scored a price-to-earnings ratio above its average ratio, recording 40.84 x from its present earnings ratio. Plus, the 36-month beta value for ALB is at 1.53. Opinions of the stock are interesting as 10 analysts out of 23 who provided ratings for Albemarle Corporation declared the stock was a “buy,” while 0 rated the stock as “overweight,” 8 rated it as “hold,” and 4 as “sell.”
The average price from analysts is $155.34, which is $4.18 above the current price. ALB currently public float of 116.15M and currently shorts hold a 2.39% ratio of that float. Today, the average trading volume of ALB was 1.82M shares.
ALB’s Market Performance
ALB stocks went down by -1.16% for the week, with a monthly jump of 2.14% and a quarterly performance of -11.80%, while its annual performance rate touched 152.42%. The volatility ratio for the week stands at 3.58% while the volatility levels for the past 30 days are set at 3.62% for Albemarle Corporation. The simple moving average for the period of the last 20 days is -5.06% for ALB stocks with a simple moving average of 19.17% for the last 200 days.
Analysts’ Opinion of ALB
Many brokerage firms have already submitted their reports for ALB stocks, with Cowen repeating the rating for ALB by listing it as a “Outperform.” The predicted price for ALB in the upcoming period, according to Cowen is $180 based on the research report published on March 10th of the current year 2021.
Loop Capital, on the other hand, stated in their research note that they expect to see ALB reach a price target of $186, previously predicting the price at $174. The rating they have provided for ALB stocks is “Buy” according to the report published on March 01st, 2021.
ALB Trading at -7.50% from the 50-Day Moving Average
After a stumble in the market that brought ALB to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -23.71% of loss for the given period.
Volatility was left at 3.62%, however, over the last 30 days, the volatility rate increased by 3.58%, as shares sank -1.42% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -18.78% lower at present.
During the last 5 trading sessions, ALB fell by -1.16%, which changed the moving average for the period of 200-days by +83.41% in comparison to the 20-day moving average, which settled at $151.25. In addition, Albemarle Corporation saw -2.59% in overturn over a single year, with a tendency to cut further losses.
Reports are indicating that there were more than several insider trading activities at ALB starting from KISSAM LUTHER C IV, who sale 15,478 shares at the price of $152.26 back on Mar 03. After this action, KISSAM LUTHER C IV now owns 106,505 shares of Albemarle Corporation, valued at $2,356,708 using the latest closing price.
Tozier Scott, the EVP & CFO of Albemarle Corporation, sale 1,521 shares at $153.89 during a trade that took place back on Mar 02, which means that Tozier Scott is holding 55,905 shares at $234,067 based on the most recent closing price.
Stock Fundamentals for ALB
Current profitability levels for the company are sitting at:
- +16.80 for the present operating margin
- +31.82 for the gross margin
The net margin for Albemarle Corporation stands at +12.01. The total capital return value is set at 6.80, while invested capital returns managed to touch 5.34. Equity return is now at value 9.20, with 3.70 for asset returns.
Based on Albemarle Corporation (ALB), the company’s capital structure generated 86.95 points at debt to equity in total, while total debt to capital is 46.51. Total debt to assets is 35.51, with long-term debt to equity ratio resting at 67.57. Finally, the long-term debt to capital ratio is 36.15.
When we switch over and look at the enterprise to sales, we see a ratio of 6.05, with the company’s debt to enterprise value settled at 0.20. The receivables turnover for the company is 4.50 and the total asset turnover is 0.31. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.22.