ALB Stock Summary and Trading Ideas (Albemarle | NYSE:ALB)

Albemarle is one of the world's largest lithium producers. In the lithium industry, the majority of demand comes from batteries, where lithium is used as the energy storage material, particularly in electric vehicles. Albemarle is a fully integrated lithium producer. Its upstream resources include salt brine deposits in Chile and the US and two hard rock mines in Australia, both of which are joint ventures. The company operates lithium refining plants in Chile, the US, Australia, and China. Albemarle is a global leader in the production of bromine, used in flame retardants. It is also a major producer of oil refining catalysts.

Albemarle trades on the NYSE stock market under the symbol ALB.

As of November 26, 2024, ALB stock price declined to $106.79 with 1,832,288 million shares trading.

ALB has a beta of 1.62, meaning it tends to be more sensitive to market movements. ALB has a correlation of 0.14 to the broad based SPY ETF.

ALB has a market cap of $12.55 billion. This is considered a Large Cap stock.

Last quarter Albemarle reported $1 billion in Revenue and -$1.55 earnings per share. This fell short of revenue expectation by $-15 million and missed earnings estimates by -$1.11.

In the last 3 years, ALB traded as high as $334.55 and as low as $71.97.

The top ETF exchange traded funds that ALB belongs to (by Net Assets): VTI, VOO, NOBL, RSP, SPY.

ALB has underperformed the market in the last year with a price return of -15.9% while the SPY ETF gained +33.5%. However, in the short term, ALB had mixed performance relative to the market. It has outperformed in the last 3 months, returning +18.4% vs +7.2% return in SPY. But in the last 2 weeks, ALB shares have been beat by the market, returning -3.3% compared to an SPY return of +0.3%.

ALB support price is $106.20 and resistance is $113.76 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ALB shares will trade within this expected range on the day.