14-Feb-2025
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Seeking Alpha News (Sun, 16-Feb 9:20 AM ET)
Short bets against materials stocks ease in January
Seeking Alpha News (Fri, 14-Feb 10:10 AM ET)
TipRanks (Fri, 14-Feb 6:57 AM ET)
KeyBanc Sticks to Their Buy Rating for Albemarle (ALB)
TipRanks (Fri, 14-Feb 2:17 AM ET)
TipRanks (Fri, 14-Feb 1:01 AM ET)
Albemarle Corporation Announces 2024 Financial Results
TipRanks (Thu, 13-Feb 11:05 PM ET)
Albemarle’s Earnings Call: Mixed Outlook Amid Market Challenges
TipRanks (Thu, 13-Feb 7:19 PM ET)
Albemarle projects break-even free cash flow in 2025 with reduced CAPEX and cost improvements
Seeking Alpha News (Thu, 13-Feb 10:52 AM ET)
Albemarle swings to Q4 profit, plans more cost cuts in 2025 amid lithium price weakness
Seeking Alpha News (Thu, 13-Feb 8:53 AM ET)
Albemarle (ALB) Receives a Hold from Truist Financial
TipRanks (Thu, 13-Feb 7:43 AM ET)
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 February 14, 2025, ALB stock price climbed to $81.21 with 2,513,490 million shares trading.
ALB has a beta of 1.78, meaning it tends to be more sensitive to market movements. ALB has a correlation of 0.18 to the broad based SPY ETF.
ALB has a market cap of $9.54 billion. This is considered a Mid Cap stock.
Last quarter Albemarle reported $1 billion in Revenue and -$1.09 earnings per share. This fell short of revenue expectation by $-108 million and missed earnings estimates by -$.42.
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, VB, VBR, NOBL.
ALB has underperformed the market in the last year with a price return of -27.6% while the SPY ETF gained +23.7%. ALB has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -20.1% and -3.5%, respectively, while the SPY returned +3.1% and +1.3%, respectively.
ALB support price is $76.97 and resistance is $81.53 (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.