An Analysis Of Albemarle Corporation (ALB)’s Weekly Performance

As of Wednesday close, Albemarle Corporation’s (NYSE:ALB) stock was down -$1.84, moving down -0.79 percent to $230.38. The average number of shares traded per day over the past five days has been 1,899,920 shares. 1 time new highs have been achieved over the past 5 days, with a $1.53 gain in that time frame. In the last twenty days, the average volume was 1,972,825, while in the previous 50 days, it was 2,393,600.

Since last month, ALB stock rose 12.85%. Shares of the company fell to $191.65 on 06/01/23, the lowest level in the past month. A 52-week high of $334.55 was reached on 02/16/23 after having rallying from a 52-week low of $171.82. Since the beginning of this year, ALB’s stock price has risen by 6.23% or $13.52, and marked a new high 15 times. However, the stock has declined by -31.14% since its 52-week high.

ALB stock investors should be aware that Albemarle Corporation (ALB) stock had its last reported insider trading activity 43 days ago on May 10. Norris Eric, the President, Energy Storage of the company, purchased of 1,260 shares for $195.49 on May 10. It resulted in a $246,317 investment by the insider. Masters J Kent added 5,470 shares at an average price of $181.64 on May 05. The insider now owns 51,466 shares following the transaction. On May 05, EVP, General Counsel Coleman Kristin M. bought 1,373 shares at $182.00 apiece. The transaction was valued at $249,886.

Valuation Metrics

Right now, Albemarle Corporation (ALB) has a P/E ratio of about 7.39. The stock’s beta is 1.57. Besides these, the trailing price-to-sales (P/S) ratio of 3.12, the price-to-book (PB) ratio of 2.93, and the price-to-cash flow ratio of 34.54 may also be considered.

The latest dividend of $0.40 per share was paid out, remained unchanged from last year’s $0.40. On Thursday February 23 2023, a $0.0050 dividend increase was announced.

Financial Health

In the three months ended March 30, Albemarle Corporation’s quick ratio stood at 1.00, while its current ratio was 1.90, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending March 30 was 0.35, and the total debt-to-equity ratio was 0.35. On the profitability front, the trailing twelve-month gross margin is 44.50% percent. In the year ended March 30, EBITDA margin amounted to 38.28%, whereas operating margins totaled 37.10%. Based on annual data, ALB earned $3.07 billion in gross profit and brought in $7.32 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 18.60%. Return on equity (ROE) for the past 12 months was 49.00%.

In Albemarle Corporation’s quarter-end financial report for March 30, it reported total debt of $3.23 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. ALB’s revenue rose 56.29% to $2.62 billion during the quarter, while net income inched up to $2.58 billion. While analysts expected Albemarle Corporation to report $7.03 quarterly earnings, the actual figure was $10.32 per share, beating the consensus estimate by 46.80%. During the quarter, the company generated $1.19 billion in EBITDA. The liabilities of Albemarle Corporation were 8.11 billion at the end of its most recent quarter ended March 30, and its total debt was $3.37 billion. The value of shareholders’ equity is $117.34 million.

Technical Picture

This quick technical analysis looks at Albemarle Corporation’s (ALB) price momentum. With a historical volatility rate of 27.88%, the RSI 9-day stood at 67.03% on 21 June.

With respect to its five-day moving average, the current Albemarle Corporation price is up by +0.67% percent or $1.53. At present, ALB shares trade +11.56% above its 20-day simple moving average and -17.56% percent below its 100-day simple moving average. However, the stock is currently trading approximately +15.29% above its SMA50 and -10.34% below its SMA200.

Stochastic coefficient K was 91.73% and Stochastic coefficient D was 90.22%, while ATR was 7.06. Given the Stochastic reading of 92.03% for the 14-day period, the RSI (14) reading has been calculated as 64.36%. As of today, the MACD Oscillator reading stands at 4.03, while the 14-day reading stands at 10.40.

Analyst Ratings

Citigroup launched its rating on Albemarle Corporation (NYSE: ALB) to a Buy in a note to investors on June 14, 2023. Albemarle Corporation (ALB) has been rated Overweight by analysts. According to 2 brokerage firms, ALB is a sell, and 6 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 3 analysts rate Albemarle Corporation stock as buy, with 18 recommending it as overweight.

With a median target price of $261.00, the current consensus forecast for the stock is $155.00 – $360.00. Based on these forecasts, analysts predict Albemarle Corporation (ALB) will achieve an average price target of $261.38.

energy storage