Albemarle Corp (ALB) currently has a stock price of $70.67. The stock saw a sharp increase in the last trading session, hitting a high of $200.0 after opening at $71.62. The lowest recorded price for the day was $58.0 before it closed at $67.3.
The stock market performance of Albemarle Corp has been fairly unsteady.
52-week price history of ALB Stock
Analyzing the 52-week price history of a stock, including its high and low prices, can provide valuable insight into its current status and potential future performance. Albemarle Corp’s current trading price is -37.96% away from its 52-week high, while its distance from the 52-week low is 42.96%. The stock’s price range for this period has remained between $49.43 and $113.91. The Basic Materials sector company’s shares managed to surpass a trading volume of around 2.49 million for the day, which was noticeably lower compared to the shares’ average daily volume of 4.06 million over the last three months.
Financial Performance and Market Capitalization
Albemarle Corp (ALB) has experienced a quarterly rise of 26.05% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 8.32B and boasts a workforce of 8300 employees.
Analysts’ Ratings For Albemarle Corp
As of right now, 6 analysts are rating Albemarle Corp as a BUY, 2 of the polled analysts branded the stock as an OVERWEIGHT, 15 analysts are recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 3 analysts are rating the stock as SELL.
Moving average and trading volume data
Based on Barchart.com data, the company’s moving average over the 100-day period was 64.56, with a change in price of -4.87. Similarly, Albemarle Corp recorded 3,838,886 in trading volume during the last 100 days, posting a change of -6.47%.
ALB Debt-to-equity ratio analysis
The debt-to-equity (D/E) ratio is a valuable metric that offers insight into a company’s financial health and standing in the market. This ratio is calculated by dividing a company’s current total liabilities by its shareholders’ equity. The D/E ratio illustrates the extent of debt a company is utilizing to support its assets in relation to the value of 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
As of today, the raw stochastic average of Albemarle Corp over the last 50 days is at 51.28%. This shows a increasee from the raw stochastic average of the previous 20 days, which was recorded at 25.47%. Further, the company’s Stochastic %K and %D values for the last 20 days were 17.36% and 16.10%, respectively.
ALB Stock Price Performance Analysis
Investors’ outlook regarding the stock price performance over the year has been a mixed bag, with a range of optimism to pessimism depending on their perspective. Year to date metric has recorded a loss of -15.39%.However, over the last six months, we can see a stronger performance of -11.54%. Over the last 30 days, the price of ALB has leaped by -0.18%. And in the last five days, it has surged by 4.15%.
