The stock of Albemarle Corp (ALB) is currently priced at $81.77. In the last session, the stock climbed significantly, topping out at $200.0 after opening at $82.46. The day’s lowest price was $57.0 before the stock closed at $77.15.
Albemarle Corp experienced a somewhat shaky performance in the stock market.
52-week price history of ALB Stock
Studying a stock’s 52-week price history, which includes both low and high prices, can help gauge its current status and potential future performance. Albemarle Corp’s current trading price is -28.22% away from its 52-week high, while its distance from the 52-week low is 65.42%. The stock’s price range during the 52-week period has remained between $49.43 and $113.91. In the Basic Materials sector, the company’s shares saw a trading volume of around 2.4 million for the day, which was evidently lower than the average daily volume of 3.65 million over the past three months.
Market Capitalization and Financial Performance: An In-Depth Look
Albemarle Corp (ALB) has experienced a quarterly rise of 54.22% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 9.62B and boasts a workforce of 8300 employees.
A Closer Look at Analysts’ Ratings for Albemarle Corp
As of right now, 6 analysts are rating Albemarle Corp as a BUY, 4 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 2 analysts are rating the stock as SELL.
Making Sense of Trading Volume and Moving Average Data
Based on Barchart.com data, the company’s moving average over the 100-day period was 64.75, with a change in price of +3.11. Similarly, Albemarle Corp recorded 3,545,247 in trading volume during the last 100 days, posting a change of +4.02%.
Examining ALB’s Debt-to-Equity Ratio: What You Need to Know
The debt-to-equity (D/E) ratio is a crucial measure that sheds light on a company’s financial health and market standing. It is determined by dividing a company’s overall liabilities by its shareholders’ equity, showing the extent of a company’s debt usage in financing its assets compared to the 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
Albemarle Corp’s raw stochastic average for the past 50 days is presently 97.77%, as of today. This marks a increase from the raw stochastic average of the last 20 days, which was 97.29%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 90.29% and 88.44%, respectively.
ALB Stock Price Performance Analysis
A mixed performance in the stock price over the year has left investors unsure of what to expect, resulting in a range of outlooks from optimistic to pessimistic. The metric has seen a significant loss of -12.83% since the start of this calendar year. Looking back over the last six months, we can see a stronger performance of -16.12%. Over the past 30 days, the price of ALB has fallen by 44.32%. And in the last five days, it has surged by 16.78%.
