The stock of Albemarle Corp. (NYSE: ALB) has decreased by -0.61 when compared to last closing price of 91.67. Despite this, the company has experienced a -0.40% fall in its stock price over the last five trading sessions. investorplace.com reported 2024-07-29 that The mining sector is one of the most dynamic yet controversial industries to be investing in. When we talk about mining stocks, there are a plethora of different commodities to explore.
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 33.17x, Company’s 36-month beta value is 1.58.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 117.01M, and currently, short sellers hold a 12.44% ratio of that floaft. The average trading volume of ALB on July 30, 2024 was 2.77M shares.
ALB’s Market Performance
The stock of Albemarle Corp. (ALB) has seen a -0.40% decrease in the past week, with a -4.61% drop in the past month, and a -27.53% fall in the past quarter. The volatility ratio for the week is 3.02%, and the volatility levels for the past 30 days are at 4.14% for ALB. The simple moving average for the last 20 days is -4.13% for ALB stock, with a simple moving average of -25.45% for the last 200 days.
Analysts’ Opinion of ALB
Many brokerage firms have already submitted their reports for ALB stocks, with HSBC Securities repeating the rating for ALB by listing it as a “Hold.” The predicted price for ALB in the upcoming period, according to HSBC Securities is $95 based on the research report published on July 17, 2024 of the current year 2024.
Wells Fargo, on the other hand, stated in their research note that they expect to see ALB reach a price target of $100, previously predicting the price at $145. The rating they have provided for ALB stocks is “Equal Weight” according to the report published on July 11th, 2024.
Scotiabank gave a rating of “Sector Perform” to ALB, setting the target price at $135 in the report published on May 22nd of the current year.
ALB Trading at -14.14% 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 -57.78% of loss for the given period.
Volatility was left at 4.14%, however, over the last 30 days, the volatility rate increased by 3.02%, as shares sank -6.52% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -29.51% lower at present.
During the last 5 trading sessions, ALB fell by -0.28%, which changed the moving average for the period of 200-days by -44.75% in comparison to the 20-day moving average, which settled at $94.72. In addition, Albemarle Corp. saw -36.94% 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 Mummert Mark Richard, who sale 843 shares at the price of $135.53 back on May 14 ’24. After this action, Mummert Mark Richard now owns 6,802 shares of Albemarle Corp., valued at $114,250 using the latest closing price.
Barichivich John Clarence III, the VP, Controller & CAO of Albemarle Corp., sale 1,475 shares at $132.17 during a trade that took place back on May 13 ’24, which means that Barichivich John Clarence III is holding 4,743 shares at $194,951 based on the most recent closing price.
Stock Fundamentals for ALB
Current profitability levels for the company are sitting at:
- -0.12 for the present operating margin
- -0.0 for the gross margin
The net margin for Albemarle Corp. stands at 0.04. The total capital return value is set at -0.06. Equity return is now at value 3.25, with 1.84 for asset returns.
Based on Albemarle Corp. (ALB), the company’s capital structure generated 0.23 points at debt to capital in total, while cash flow to debt ratio is standing at 0.2. The debt to equity ratio resting at 0.3. The interest coverage ratio of the stock is -8.16.
Currently, EBITDA for the company is 671.07 million with net debt to EBITDA at -3.21. When we switch over and look at the enterprise to sales, we see a ratio of 1.47. The receivables turnover for the company is 6.4for trailing twelve months and the total asset turnover is 0.44. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.84.
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.
