A mixed performance in the stock price over the year has left investors with either an optimistic or pessimistic outlook, depending on their point of view. The metric has seen a significant loss of -28.59% since the start of this calendar year. Looking back over the last six months, we can see a stronger performance of -21.66%. Over the past 30 days, the price of ALB has fallen by 34.16%. And in the last five days, it has surged by 8.93%.
Albemarle Corp. ‘s stock market performance has been somewhat erratic. The company’s stock reached a 1-year high price of $177.52 on 10/12/23, while the lowest value for the same period was recorded at $71.97 on 08/14/24.
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52-week price history of ALB Stock
Analyzing a stock’s 52-week high and low prices can offer important information about its present condition and future outlook. Albemarle Corp.’s current trading price is -41.88% away from its 52-week high, while its distance from the 52-week low is 43.35%. The stock’s price range during this period has varied between$71.97 and $177.52. The Albemarle Corp.’s shares, which operate in the Basic Materials, saw a trading volume of around 2.13 million for the day, a figure considerably lower than their average daily volume of 2.94 million over last three months.
Market Capitalization vs. Financial Performance: A Comparative Study
Albemarle Corp. (ALB) has experienced a quarterly rise of 14.04% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 12.13B and boasts a workforce of 9000 employees.
Combining Moving Average and Trading Volume Data for Better Market Insight
Based on Barchart.com data, the company’s moving average over the 100-day period was 97.02, with a change in price of -32.63. Similarly, Albemarle Corp. recorded 2,928,841 in trading volume during the last 100 days, posting a change of -24.09%.
ALB’s Debt-to-Equity Ratio Cause for Concern? An In-Depth Look
The debt-to-equity (D/E) ratio is a significant metric that provides insights into a company’s financial state and market presence. By dividing a company’s current liabilities by its shareholders’ equity, the D/E ratio depicts the extent of debt used by a company to fund its assets relative to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for ALB stands at 0.33. Similarly, the long-term debt-to-equity ratio is also 0.32.
ALB Stock Stochastic Average
Albemarle Corp.’s raw stochastic average for the past 50 days is presently 92.76%, as of today. This marks a increase from the raw stochastic average of the last 20 days, which was 91.91%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 91.55% and 87.39%, respectively.
