Albemarle Corporation (NYSE:ALB) went up by 3.13% from its latest closing price compared to the recent 1-year high of $253.10. The company’s stock price has collected 0.58% of gains in the last five trading sessions. Barron’s reported 14 hours ago that Lithium Miners Must Run All Out to Meet EV Demand. This Analyst Is Cautious on the Sector.
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 36.26 x from its present earnings ratio. Plus, the 36-month beta value for ALB is at 1.59.
ALB currently public float of 116.57M and currently shorts hold a 1.48% ratio of that float. Today, the average trading volume of ALB was 1.27M shares.
ALB’s Market Performance
ALB stocks went up by 0.58% for the week, with a monthly drop of -2.95% and a quarterly performance of 20.36%, while its annual performance rate touched 135.09%. The volatility ratio for the week stands at 2.95% while the volatility levels for the past 30 days are set at 3.23% for Albemarle Corporation. The simple moving average for the period of the last 20 days is 1.05% for ALB stocks with a simple moving average of 24.37% for the last 200 days.
Analysts’ Opinion of ALB
Many brokerage firms have already submitted their reports for ALB stocks, with Mizuho repeating the rating for ALB by listing it as a “Neutral.” The predicted price for ALB in the upcoming period, according to Mizuho is $247 based on the research report published on October 13th of the current year 2021.
Berenberg, on the other hand, stated in their research note that they expect to see ALB reach a price target of $280, previously predicting the price at $115. The rating they have provided for ALB stocks is “Buy” according to the report published on September 08th, 2021.
Wells Fargo gave a rating of “Equal Weight” to ALB, setting the target price at $225 in the report published on August 06th of the current year.
ALB Trading at -1.36% 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 -11.63% of loss for the given period.
Volatility was left at 3.23%, however, over the last 30 days, the volatility rate increased by 2.95%, as shares sank -4.41% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +8.06% upper at present.
During the last 5 trading sessions, ALB rose by +0.58%, which changed the moving average for the period of 200-days by +49.39% in comparison to the 20-day moving average, which settled at $220.82. In addition, Albemarle Corporation saw 51.61% 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 $221.98 back on Oct 08. After this action, NARWOLD KAREN G now owns 18,196 shares of Albemarle Corporation, valued at $296,787 using the latest closing price.
NARWOLD KAREN G, the EVP, Chief Admin Officer of Albemarle Corporation, sale 1,337 shares at $243.75 during a trade that took place back on Sep 08, which means that NARWOLD KAREN G is holding 19,533 shares at $325,894 based on the most recent closing price.
Stock Fundamentals for ALB
Equity return is now at value 13.90, with 6.70 for asset returns.