Examining a stock’s 52-week price history, encompassing its low and high prices, can reveal much about its existing condition and potential future trajectory. Albemarle Corp’s current trading price is -44.85% away from its 52-week high, while its distance from the 52-week low is 9.73%. The stock’s price range over this period has fluctuated between $71.97 and $143.19. The company, operating within the financial sector, had a trading volume of approximately 3.5 million for the day, which was noticeably higher than the average daily share volume of 2.2 million over the last 3 months.
Albemarle Corp saw a rather unpredictable run in, in terms of market performance. The company’s stock reached its highest point at $143.19 on 03/01/24, while the lowest price for the same duration was marked at $71.97 on 08/14/24.
Exploring Financial Performance and Market Capitalization: A Comprehensive Analysis
Albemarle Corp (ALB) has experienced a quarterly decline of -27.14% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 9.28B and boasts a workforce of 8300 employees.
Analyzing Trading Volume and Moving Average Trends
Based on Barchart.com data, the company’s moving average over the 100-day period was 94.11, with a change in price of -15.10. Similarly, Albemarle Corp recorded 2,326,694 in trading volume during the last 100 days, posting a change of -16.05%.
Understanding Ticker ‘s Debt-to-Equity Ratio: An Analysis
The debt-to-equity (D/E) ratio serves as an important indicator of a company’s financial stability and market position. By dividing a company’s total liabilities by its shareholders’ equity, the D/E ratio reveals the degree to which a company relies on debt to finance assets compared to its shareholders’ equity. At the time of writing, the total D/E ratio for ALB stands at 0.37. Similarly, the long-term debt-to-equity ratio is also 0.32.
ALB Stock Stochastic Average
Today, Albemarle Corp’s raw stochastic average for the past 50 days stands at 20.91%, indicating a decline from the raw stochastic average of the last 20 days, which was 42.56%. Moreover, the company’s Stochastic %K and %D values over the past 20 days were 36.86% and 40.17% respectively.
ALB Stock Price Performance Analysis
The stock price performance for the year has been a mixed bag, indicating either a pessimistic or optimistic outlook depending on how you look at it. Year to date metric has recorded a loss of -8.26%.However, over the last six months, we can see a stronger performance of -11.21%. Over the last 30 days, the price of ALB has leaped by -8.07%. And in the last five days, it has fallen by -4.29%.
