The stock has a 36-month beta value of 1.60. Opinions on the stock are mixed, with 8 analysts rating it as a “buy,” 3 as “overweight,” 15 as “hold,” and 1 as “sell.”
The public float for ALB is 117.03M, and at present, short sellers hold a 11.30% of that float. On January 23, 2025, the average trading volume of ALB was 2.05M shares.
ALB) stock’s latest price update
Albemarle Corp (NYSE: ALB)’s stock price has decreased by -4.04 compared to its previous closing price of 94.05. However, the company has seen a -2.57% decrease in its stock price over the last five trading sessions. accessnewswire.com reported 2025-01-21 that COQUITLAM, BC / ACCESS Newswire / January 21, 2025 / Grid Battery Metals Inc. (the “Company” or “Grid”) (TSXV:CELL)(OTCQB:EVKRF)(FRA:W47) is pleased to announce the results of its fall 2024 reverse circulation drilling program on the Company’s claim block at Silver Peak, Clayton Valley, Esmeralda County, Nevada. This strategic land package, covering approximately 2,300 acres (930 ha), directly adjoins the western portion of lithium producer Albemarle’s (NYSE: ALB) evaporation ponds and is nearby Century Lithium Corp.’s (TSXV:LCE)(OTCQB:CYDVF) proposed 5,430-acre Angel Island Lithium Mine, which recently released a Positive Feasibility Study detailing a 40-year mine life and an after-tax NPV8 of $3.01 billion.
ALB’s Market Performance
Albemarle Corp (ALB) has experienced a -2.57% fall in stock performance for the past week, with a -0.32% drop in the past month, and a -5.14% drop in the past quarter. The volatility ratio for the week is 3.21%, and the volatility levels for the past 30 days are at 3.44% for ALB. The simple moving average for the past 20 days is 0.28% for ALB’s stock, with a -10.75% simple moving average for the past 200 days.
Analysts’ Opinion of ALB
Many brokerage firms have already submitted their reports for ALB stocks, with Clarksons Platou repeating the rating for ALB by listing it as a “Buy.” The predicted price for ALB in the upcoming period, according to Clarksons Platou is $112 based on the research report published on January 14, 2025 of the current year 2025.
Robert W. Baird, on the other hand, stated in their research note that they expect to see ALB reach a price target of $85, previously predicting the price at $102. The rating they have provided for ALB stocks is “Neutral” according to the report published on August 05th, 2024.
Berenberg gave a rating of “Hold” to ALB, setting the target price at $83 in the report published on July 31st of the previous year.
ALB Trading at -8.35% 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 -36.97% of loss for the given period.
Volatility was left at 3.44%, however, over the last 30 days, the volatility rate increased by 3.21%, as shares surge +1.50% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -6.55% lower at present.
During the last 5 trading sessions, ALB fell by -2.57%, which changed the moving average for the period of 200-days by -25.49% in comparison to the 20-day moving average, which settled at $90.00. In addition, Albemarle Corp saw 4.84% in overturn over a single year, with a tendency to cut further gains.
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 1.92. 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 sum up, Albemarle Corp (ALB) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing 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.
