ALB has 36-month beta value of 1.57. Analysts have mixed views on the stock, with 8 analysts rating it as a “buy,” 3 as “overweight,” 15 as “hold,” and 1 as “sell.”
The public float for ALB is 117.05M, and currently, short sellers hold a 11.65% ratio of that float. The average trading volume of ALB on November 27, 2024 was 2.49M shares.
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ALB) stock’s latest price update
The stock price of Albemarle Corp (NYSE: ALB) has dropped by -2.90 compared to previous close of 109.98. Despite this, the company has seen a gain of 0.32% in its stock price over the last five trading days. seekingalpha.com reported 2024-11-26 that The ProShares S&P 500 Dividend Aristocrat ETF is up 10.26% year-to-date through October. I present 3 strategies that can theoretically beat the dividend aristocrat index in the long term. After 40 months of tracking these strategies, two strategies are generating a CAGR superior to NOBL.
ALB’s Market Performance
ALB’s stock has risen by 0.32% in the past week, with a monthly rise of 8.81% and a quarterly rise of 21.35%. The volatility ratio for the week is 3.59% while the volatility levels for the last 30 days are 4.37% for Albemarle Corp. The simple moving average for the past 20 days is 3.31% for ALB’s stock, with a 0.64% simple moving average for the past 200 days.
Analysts’ Opinion of ALB
Many brokerage firms have already submitted their reports for ALB stocks, with Robert W. Baird repeating the rating for ALB by listing it as a “Neutral.” The predicted price for ALB in the upcoming period, according to Robert W. Baird is $85 based on the research report published on August 05, 2024 of the current year 2024.
Berenberg, on the other hand, stated in their research note that they expect to see ALB reach a price target of $83, previously predicting the price at $160. The rating they have provided for ALB stocks is “Hold” according to the report published on July 31st, 2024.
HSBC Securities gave a rating of “Hold” to ALB, setting the target price at $95 in the report published on July 17th of the current year.
ALB Trading at 8.34% 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 -30.45% of loss for the given period.
Volatility was left at 4.37%, however, over the last 30 days, the volatility rate increased by 3.59%, as shares surge +10.49% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +18.89% upper at present.
During the last 5 trading sessions, ALB rose by +0.32%, which changed the moving average for the period of 200-days by -11.08% in comparison to the 20-day moving average, which settled at $103.37. In addition, Albemarle Corp saw -26.09% 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 Johnson Netha N., who sale 1,060 shares at the price of $106.04 back on Nov 19 ’24. After this action, Johnson Netha N. now owns 30,360 shares of Albemarle Corp, valued at $112,403 using the latest closing price.
Johnson Netha N., the Officer of Albemarle Corp, proposed sale 1,060 shares at $106.04 during a trade that took place back on Nov 19 ’24, which means that Johnson Netha N. is holding shares at $112,399 based on the most recent closing price.
Stock Fundamentals for ALB
Current profitability levels for the company are sitting at:
- -0.36 for the present operating margin
- -0.12 for the gross margin
The net margin for Albemarle Corp stands at -0.29. The total capital return value is set at -0.15. Equity return is now at value -18.60, with -10.31 for asset returns.
Based on Albemarle Corp (ALB), the company’s capital structure generated 0.26 points at debt to capital in total, while cash flow to debt ratio is standing at 0.17. The debt to equity ratio resting at 0.35. The interest coverage ratio of the stock is -15.05.
Currently, EBITDA for the company is 792.75 million with net debt to EBITDA at -0.94. When we switch over and look at the enterprise to sales, we see a ratio of 2.22. The receivables turnover for the company is 6.38for trailing twelve months and the total asset turnover is 0.37. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.44.
Conclusion
To put it simply, Albemarle Corp (ALB) has had a mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as 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.
