In the past week, ALB stock has gone down by -6.81%, with a monthly decline of -10.07% and a quarterly plunge of -7.01%. The volatility ratio for the week is 3.97%, and the volatility levels for the last 30 days are 4.60% for Albemarle Corp. The simple moving average for the past 20 days is -8.79% for ALB’s stock, with a -25.38% simple moving average for the past 200 days.
Is It Worth Investing in Albemarle Corp. (NYSE: ALB) Right Now?
The price-to-earnings ratio for Albemarle Corp. (NYSE: ALB) is 8.42x, which is above its average ratio. Moreover, the 36-month beta value for ALB is 1.67. Analysts have varying opinions on the stock, with 6 analysts rating it as a “buy,” 2 as “overweight,” 12 as “hold,” and 0 as “sell.”
The public float for ALB is 117.03M and currently, short sellers hold a 12.50% of that float. On April 23, 2024, ALB’s average trading volume was 3.46M shares.
ALB) stock’s latest price update
The stock price of Albemarle Corp. (NYSE: ALB) has jumped by 0.12 compared to previous close of 112.15. Despite this, the company has seen a fall of -6.81% in its stock price over the last five trading days. Zacks Investment Research reported 2024-04-22 that The latest trading day saw Albemarle (ALB) settling at $112.29, representing a +0.12% change from its previous close.
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 $160 based on the research report published on April 11, 2024 of the current year 2024.
BofA Securities, on the other hand, stated in their research note that they expect to see ALB reach a price target of $156, previously predicting the price at $137. The rating they have provided for ALB stocks is “Buy” according to the report published on April 10th, 2024.
Vertical Research gave a rating of “Hold” to ALB, setting the target price at $145 in the report published on March 08th of the current year.
ALB Trading at -8.38% 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 -54.62% of loss for the given period.
Volatility was left at 4.60%, however, over the last 30 days, the volatility rate increased by 3.97%, as shares sank -7.09% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -1.78% lower at present.
During the last 5 trading sessions, ALB fell by -6.81%, which changed the moving average for the period of 200-days by -50.66% in comparison to the 20-day moving average, which settled at $122.68. In addition, Albemarle Corp. saw -22.28% 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 1.73. 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
To wrap up, the performance of Albemarle Corp. (ALB) has been bad in recent times. The stock has received a bullish of “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.
