The stock of Albemarle Corp (NYSE: ALB) has decreased by -2.00 when compared to last closing price of 99.54.Despite this, the company has seen a loss of -6.18% in its stock price over the last five trading days. fool.com reported 2024-12-16 that Lithium supplier Albemarle (ALB 0.94%) recently received a buy rating and a $124 price target from an Argus analyst. The price target implies a 25% upside to the current price.
Is It Worth Investing in Albemarle Corp (NYSE: ALB) Right Now?
Moreover, the 36-month beta value for ALB is 1.56. Analysts have varying opinions on the stock, with 8 analysts rating it as a “buy,” 3 as “overweight,” 15 as “hold,” and 1 as “sell.”
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The public float for ALB is 117.08M and currently, short sellers hold a 10.86% of that float. On December 18, 2024, ALB’s average trading volume was 2.34M shares.
ALB’s Market Performance
ALB’s stock has seen a -6.18% decrease for the week, with a -5.78% drop in the past month and a 12.66% gain in the past quarter. The volatility ratio for the week is 3.32%, and the volatility levels for the past 30 days are at 3.77% for Albemarle Corp. The simple moving average for the past 20 days is -7.63% for ALB’s stock, with a -6.87% 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 -4.13% 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 -36.47% of loss for the given period.
Volatility was left at 3.77%, however, over the last 30 days, the volatility rate increased by 3.32%, as shares sank -6.23% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -6.62% lower at present.
During the last 5 trading sessions, ALB fell by -6.18%, which changed the moving average for the period of 200-days by -26.76% in comparison to the 20-day moving average, which settled at $105.61. In addition, Albemarle Corp saw -32.48% 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 Masters J Kent, who sale 2,525 shares at the price of $101.12 back on Dec 05 ’24. After this action, Masters J Kent now owns 73,747 shares of Albemarle Corp, valued at $255,328 using the latest closing price.
Jerry Kent Masters Jr., the Officer of Albemarle Corp, proposed sale 2,525 shares at $102.61 during a trade that took place back on Dec 05 ’24, which means that Jerry Kent Masters Jr. is holding shares at $259,090 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 2.06. 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 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.
