The stock of Albemarle Corp. (ALB) has seen a 1.94% increase in the past week, with a 7.36% gain in the past month, and a -3.05% decrease in the past quarter. The volatility ratio for the week is 4.93%, and the volatility levels for the past 30 days are at 4.57% for ALB. The simple moving average for the past 20 days is 6.33% for ALB’s stock, with a -15.39% simple moving average for the past 200 days.
Is It Worth Investing in Albemarle Corp. (NYSE: ALB) Right Now?
Albemarle Corp. (NYSE: ALB) has a higher price-to-earnings ratio of 9.88x compared to its average ratio, The 36-month beta value for ALB is at 1.65. Analysts have varying views on the stock, with 6 analysts rating it as a “buy,” 2 rating it as “overweight,” 12 as “hold,” and 0 as “sell.”
The public float for ALB is 117.02M, and currently, shorts hold a 12.08% of that float. The average trading volume for ALB on April 09, 2024 was 3.44M shares.
ALB) stock’s latest price update
Albemarle Corp. (NYSE: ALB) has seen a rise in its stock price by 6.67 in relation to its previous close of 123.45. However, the company has experienced a 1.94% gain in its stock price over the last five trading sessions. InvestorPlace reported 2024-04-08 that Lithium stocks are possibly among the most ignored stories from being the hottest commodities in the markets. That’s the nature of the markets, as reactions tend to be on the extremes.
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 8.33% 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 -46.78% of loss for the given period.
Volatility was left at 4.57%, however, over the last 30 days, the volatility rate increased by 4.93%, as shares surge +11.29% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +11.18% upper at present.
During the last 5 trading sessions, ALB rose by +1.94%, which changed the moving average for the period of 200-days by -42.84% in comparison to the 20-day moving average, which settled at $124.52. In addition, Albemarle Corp. saw -8.85% 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 1.96. 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 conclusion, Albemarle Corp. (ALB) has had a mixed performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. 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.
