Albemarle Corporation (NYSE:ALB) went down by -4.99% from its latest closing price compared to the recent 1-year high of $253.10. The company’s stock price has collected -5.26% of loss in the last five trading sessions. Barron’s reported 17 hours ago that The EV Revolution Needs More Lithium. This Stock Is Benefitting.
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 37.15 x from its present earnings ratio. Plus, the 36-month beta value for ALB is at 1.58.
The average price from analysts is $237.63, which is -$25.92 below the current price. ALB currently public float of 116.57M and currently shorts hold a 2.09% ratio of that float. Today, the average trading volume of ALB was 1.21M shares.
ALB’s Market Performance
ALB stocks went down by -5.26% for the week, with a monthly drop of -3.13% and a quarterly performance of 36.11%, while its annual performance rate touched 141.29%. The volatility ratio for the week stands at 4.76% while the volatility levels for the past 30 days are set at 3.80% for Albemarle Corporation. The simple moving average for the period of the last 20 days is -1.42% for ALB stocks with a simple moving average of 34.21% for the last 200 days.
Analysts’ Opinion of ALB
Many brokerage firms have already submitted their reports for ALB stocks, with Berenberg repeating the rating for ALB by listing it as a “Buy.” The predicted price for ALB in the upcoming period, according to Berenberg is $280 based on the research report published on September 08th of the current year 2021.
Wells Fargo, on the other hand, stated in their research note that they expect to see ALB reach a price target of $225, previously predicting the price at $175. The rating they have provided for ALB stocks is “Equal Weight” according to the report published on August 06th, 2021.
KeyBanc Capital Markets gave a rating of “Underweight” to ALB, setting the target price at $127 in the report published on August 06th of the current year.
ALB Trading at 8.81% 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 -9.47% of loss for the given period.
Volatility was left at 3.80%, however, over the last 30 days, the volatility rate increased by 4.76%, as shares sank -2.59% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +33.19% upper at present.
During the last 5 trading sessions, ALB fell by -5.26%, which changed the moving average for the period of 200-days by +66.93% in comparison to the 20-day moving average, which settled at $232.12. In addition, Albemarle Corporation saw 55.32% in overturn over a single year, with a tendency to cut further gains.
Reports are indicating that there were more than several insider trading activities at ALB starting from NARWOLD KAREN G, who sale 1,337 shares at the price of $243.75 back on Sep 08. After this action, NARWOLD KAREN G now owns 19,533 shares of Albemarle Corporation, valued at $325,894 using the latest closing price.
NARWOLD KAREN G, the EVP, Chief Admin Officer of Albemarle Corporation, sale 8,811 shares at $235.09 during a trade that took place back on Aug 13, which means that NARWOLD KAREN G is holding 20,870 shares at $2,071,350 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 13.90, with 6.70 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.