
Albemarle Corporation (ALB)
80.45 USD -3.74 (-4.44%) Volume: 3.31M
Albemarle Corporation’s stock price currently stands at 80.45 USD, witnessing a drop of -4.44% in this trading session with a trading volume of 3.31M. The stock has experienced a negative year-to-date (YTD) change of -6.54%, reflecting the volatility in ALB’s performance.
Latest developments on Albemarle Corporation
Albemarle Corp (NYSE:ALB) has been making headlines recently with various investment firms, including Pacer Advisors Inc., DAVENPORT & Co LLC, Waldron Private Wealth LLC, and Eagle Bluffs Wealth Management LLC, increasing their stakes in the company. As investors eagerly anticipate Albemarle’s Q4 2024 earnings report, the stock price movements have been closely watched. Additionally, the company has been in the news for causing a ‘rotten egg’ smell in Kings Mountain, adding to the buzz surrounding Albemarle Corp‘s current activities.
Albemarle Corporation on Smartkarma
Analysts at Baptista Research have recently published insightful reports on Albemarle Corp on Smartkarma. In their report titled “Albemarle Corporation: Will Its Volume Growth & Asset Utilization Help Bring A Shift In The Competitive Dynamics? – Major Drivers”, they highlight the company’s strong Q3 2024 earnings, especially in the Energy Storage division. The report also mentions Albemarle’s robust liquidity and leverage metrics, with operating cash conversion exceeding 100%. Baptista Research aims to assess various factors influencing the company’s stock price and conduct an independent valuation using a Discounted Cash Flow methodology.
Another report by Baptista Research on Smartkarma, titled “Albemarle Corporation: These Are The 7 Factors Driving Our ‘Buy’ Rating! – Financial Forecasts”, discusses Albemarle’s Q2 2024 earnings performance. Despite operational successes, the company faced challenges due to industry dynamics, reporting a significant decrease in net sales to $1.4 billion from $2.4 billion the previous year. Albemarle incurred a loss of $188 million, resulting in a diluted loss per share of $1.96. Baptista Research outlines seven key factors driving their ‘Buy’ rating for Albemarle Corp based on their financial forecasts.
A look at Albemarle Corporation Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 3 | |
| Growth | 2 | |
| Resilience | 4 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Albemarle Corp, a company that produces specialty and fine chemicals, has a positive long-term outlook according to Smartkarma’s Smart Scores. With high scores in Value and Resilience, the company is positioned well for future growth and stability. While its Growth and Momentum scores are not as high, Albemarle’s strong foundation in producing chemicals for various industries in the United States gives it a solid base for continued success.
Although Albemarle Corp‘s overall outlook is favorable, there are areas for potential improvement such as its Growth and Momentum scores. With a focus on expanding its presence in the global market and increasing innovation in its product offerings, Albemarle could see an uptick in these scores over time. Investors may want to keep an eye on how the company navigates these challenges while capitalizing on its strengths in Value and Resilience to drive long-term success.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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