Albemarle Corp. (ALB) Shares Down Despite Recent Market Volatility

Albemarle Corp. (NYSE: ALB)’s stock price has plunge by -2.25relation to previous closing price of 129.18. Nevertheless, the company has seen a 6.69% surge in its stock price over the last five trading sessions. InvestorPlace reported 2024-03-29 that Over the last year or so artificial intelligence has dominated the stock market. Excitement around the emergence of artificial intelligence and machine learning has made it even more difficult for underappreciated  and undervalued stocks to shine.

Is It Worth Investing in Albemarle Corp. (NYSE: ALB) Right Now?

The price-to-earnings ratio for Albemarle Corp. (NYSE: ALB) is above average at 9.47x, Company’s 36-month beta value is 1.65.Analysts have differing opinions on the stock, with 6 analysts rating it as a “buy,” 2 as “overweight,” 12 as “hold,” and 0 as “sell.”

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The public float for ALB is 117.13M, and currently, short sellers hold a 12.07% ratio of that floaft. The average trading volume of ALB on April 02, 2024 was 3.46M shares.

ALB’s Market Performance

ALB stock saw a decrease of 6.69% in the past week, with a monthly decline of -11.58% and a quarterly a decrease of -12.60%. The volatility ratio for the week is 4.54%, and the volatility levels for the last 30 days are 5.15% for Albemarle Corp. (ALB). The simple moving average for the past 20 days is 2.57% for ALB’s stock, with a -19.95% simple moving average for the past 200 days.

Analysts’ Opinion of ALB

Many brokerage firms have already submitted their reports for ALB stocks, with Vertical Research repeating the rating for ALB by listing it as a “Hold.” The predicted price for ALB in the upcoming period, according to Vertical Research is $145 based on the research report published on March 08, 2024 of the current year 2024.

Citigroup gave a rating of “Neutral” to ALB, setting the target price at $120 in the report published on February 09th of the current year.

ALB Trading at 4.21% 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 -48.97% of loss for the given period.

Volatility was left at 5.15%, however, over the last 30 days, the volatility rate increased by 4.54%, as shares sank -5.48% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +9.35% upper at present.

During the last 5 trading sessions, ALB rose by +6.38%, which changed the moving average for the period of 200-days by -44.49% in comparison to the 20-day moving average, which settled at $122.74. In addition, Albemarle Corp. saw -12.60% in overturn over a single year, with a tendency to cut further losses.

Insider Trading

Reports are indicating that there were more than several insider trading activities at ALB starting from Coleman Kristin M., who purchase 1,373 shares at the price of $121.86 back on Nov 07 ’23. After this action, Coleman Kristin M. now owns 2,746 shares of Albemarle Corp., valued at $167,314 using the latest closing price.

Norris Eric, the President, Energy Storage of Albemarle Corp., purchase 1,260 shares at $195.49 during a trade that took place back on May 10 ’23, which means that Norris Eric is holding 26,596 shares at $246,317 based on the most recent closing price.

Stock Fundamentals for ALB

Current profitability levels for the company are sitting at:

  • 0.02 for the present operating margin
  • 0.12 for the gross margin

The net margin for Albemarle Corp. stands at 0.13. The total capital return value is set at 0.01. Equity return is now at value 18.09, with 9.33 for asset returns.

Based on Albemarle Corp. (ALB), the company’s capital structure generated 0.3 points at debt to capital in total, while cash flow to debt ratio is standing at 0.32. The debt to equity ratio resting at 0.43. The interest coverage ratio of the stock is 1.79.

Currently, EBITDA for the company is 671.07 million with net debt to EBITDA at 4.35. When we switch over and look at the enterprise to sales, we see a ratio of 1.9. The receivables turnover for the company is 5.24for trailing twelve months and the total asset turnover is 0.53. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.47.

Conclusion

In a nutshell, Albemarle Corp. (ALB) has experienced a bad performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.

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