Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Albemarle Corporation before investing.

In this article, we go over a few key elements for understanding Albemarle Corporation’s stock price such as:

• Albemarle Corporation’s current stock price and volume
• Why Albemarle Corporation’s stock price changed recently
• Upgrades and downgrades for ALB from analysts
• ALB’s stock price momentum as measured by its relative strength

About Albemarle Corporation (ALB)

Before we jump into Albemarle Corporation’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

Albemarle Corporation is engaged in transforming essential resources into critical ingredients for mobility, energy, connectivity, and health. The Company is a global developer, manufacturer, and marketer of specialty chemicals. Its segments include Energy Storage, Specialties, and Ketjen. The Energy Storage segment develops and manufactures a range of basic lithium compounds, including lithium carbonate, lithium hydroxide, and lithium chloride. Its Specialties business optimizes its portfolio of bromine and highly specialized lithium solutions. Its Specialties business serves a variety of industries, including energy, mobility, connectivity, and health. Specialty products are essential in both internal combustion and electric vehicles, from high-voltage cables and powertrains to airbags and tires. Its three main product lines in its Ketjen segment are clean fuels technologies (CFT), fluidized catalytic cracking (FCC) catalysts and additives, and performance catalyst solutions (PCS).

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Albemarle Corporation’s Stock Price as of Market Close

As of August 02, 2024, 4:00 PM, CST, Albemarle Corporation’s stock price was $86.99.

Albemarle Corporation is down 6.63% from its previous closing price of $93.17.

During the last market session, Albemarle Corporation’s stock traded between $91.88 and $99.47. Currently, there are 117.53 million shares of Albemarle Corporation stock available for purchase.

Albemarle Corporation’s price-earnings (P/E) ratio is currently at 33.9, which is high compared to the Chemicals - Specialty industry median of 28.6. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Albemarle Corporation Stock Price History

Albemarle Corporation’s (ALB) price is currently down 7.13% so far this month.

During the month of August, Albemarle Corporation’s stock price has reached a high of $99.47 and a low of $82.25.

Over the last year, Albemarle Corporation has hit prices as high as $214.99 and as low as $90.02. Year to date, Albemarle Corporation’s stock is down 59.89%.

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What Caused Albemarle Corporation Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of August 01, 2024, there were 12 analysts who downgraded Albemarle Corporation’s stock and 1 analyst who upgraded over the last month.

Additionally, you'll want to evaluate Albemarle Corporation’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Albemarle Corporation’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Albemarle Corporation’s current valuation based on AAII’s Value Grade is a C, which means it is considered to be Average.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Albemarle Corporation (ALB) by visiting AAII Stock Evaluator.

Relative Price Strength of Albemarle Corporation

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of August 01, 2024, Albemarle Corporation has a weighted four-quarter relative price strength of -22.37%, which translates to a Momentum Score of 15 and is considered to be Very Weak.

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Albemarle Corporation Stock Price: Bottom Line

As of August 2, 2024, Albemarle Corporation’s stock price is $86.99, which is down 6.63% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Albemarle Corporation stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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