Albemarle Corp. [NYSE: ALB] stock went on a downward path that fall over -5.82% on Wednesday, amounting to a one-week price decrease of less than -2.22%.
Over the last 12 months, ALB stock dropped by -37.39%. The one-year Albemarle Corp. stock forecast points to a potential upside of 13.06. The average equity rating for ALB stock is currently 2.03, trading closer to a bullish pattern in the stock market.
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The market cap for the stock reached $14.99 billion, with 117.36 million shares outstanding and 117.03 million shares in the current float. Compared to the average trading volume of 3.34M shares, ALB stock reached a trading volume of 3927659 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Albemarle Corp. [ALB]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ALB shares is $146.74 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ALB stock is a recommendation set at 2.03. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Berenberg have made an estimate for Albemarle Corp. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on April 11, 2024. While these analysts kept the previous recommendation, BofA Securities raised their target price from $137 to $156. The new note on the price target was released on April 10, 2024, representing the official price target for Albemarle Corp. stock. Previously, the target price had yet another raise to $145, while Vertical Research analysts kept a Hold rating on ALB stock.
The Average True Range (ATR) for Albemarle Corp. is set at 5.91, with the Price to Sales ratio for ALB stock in the period of the last 12 months amounting to 1.79. The Price to Book ratio for the last quarter was 1.61, with the Price to Cash per share for the same quarter was set at 17.49.
ALB Stock Performance Analysis:
Albemarle Corp. [ALB] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.22. With this latest performance, ALB shares gained by 11.80% in over the last four-week period, additionally plugging by 11.72% over the last 6 months – not to mention a drop of -37.39% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for ALB stock in for the last two-week period is set at 52.20, with the RSI for the last a single of trading hit 50.73, and the three-weeks RSI is set at 52.09 for Albemarle Corp. [ALB]. The present Moving Average for the last 50 days of trading for this stock 123.53, while it was recorded at 131.54 for the last single week of trading, and 141.35 for the last 200 days.
Insight into Albemarle Corp. Fundamentals:
Albemarle Corp.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.91 and a Current Ratio set at 2.84.
ALB Stock EPS
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for ALB. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Albemarle Corp. go to -8.76%.
Albemarle Corp. [ALB] Institutonal Ownership Details
The top three institutional holders of ALB stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in ALB stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in ALB stock with ownership which is approximately 5.8386%.
