How to Buy Albemarle Stock
Albemarle Corp
Albemarle is a specialty chemical company located in North Carolina, United States, which is part of the Basic Materials sector, and is traded under the ticker ALB on the NYSE exchange.
Albemarle stock last closed at $114.98, down 0.25% from the previous day, and has decreased 34.91% in one year. It has underperformed other stocks in the Specialty Chemicals industry by 0.45 percentage points. Albemarle stock is currently +7.77% from its 52-week low of $106.69, and -53.53% from its 52-week high of $247.44.
There are currently 117.4M ALB shares outstanding. The market cap of ALB is $13.50B. In the last 24 hours, 1.42M ALB shares were traded.
How to Buy Albemarle Stock
Wondering how to invest in Albemarle stock? Here's how.
- Choose where to buy Albemarle stock: You need to pick an online brokerage, but don't worry - we've tested dozens of online stock brokerages and apps to help you decide where to buy Albemarle stock.
- Sign up for your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
- Fund your investment account: Select your payment method and add your information.
- Research Albemarle stock: The Albemarle ticker symbol is ALB. Is Albemarle stock a good investment? Should you buy shares of ALB? How do ALB's underlying business fundamentals look? Do top analysts think Albemarle is a good buy? Why has ALB's stock price moved recently? (Hint: Our stock analysis website can help you decide if ALB is a good stock to buy).
- Make your ALB trade: Decide if you will purchase ALB shares at the current market price or use a limit order to buy ALB stock at a given price.
- Get the latest news on your ALB investment: Create a watchlist to get the latest news on your investment in Albemarle shares.
Step 1: Choose where to buy Albemarle stock
You will need a brokerage account in order to access the NYSE market and buy ALB stock.
Our preferred brokerage: eToro
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Get $10 towards your stock purchase by opening an account with eToro now.
Open eToro AccountStep 2: Sign up for your brokerage account
Now that you've picked your brokerage, you need to fill out some personal information so you are able to invest in ALB today.
How to Open a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Provide your personal details to open your new brokerage account.
- Send your info by clicking the "Create Account" button. Get started with eToro today
Step 3: Fund your investment account
Now that you've created your account on the stock trading app, you can securely and quickly fund your account:
Check out the walkthrough below for more details depositing money into your new investment account.
Step 4: Research Albemarle stock
Once you have chosen the best place to buy Albemarle stock, it's crucial to research their stock before you buy, so you actually understand the risk as well as the opportunity.
Albemarle Numbers
ALB Due Diligence Checks
WallStreetZen was designed to help everyday investors do more in-depth fundamental analysis.
You can view all of the due diligence checks on ALB's stock page.
Is ALB stock undervalued or overvalued?
Analysts use many financial metrics, analyses, models, and charts to gauge ALB's fair value.
Using relative valuations measures:
- ALB may be undervalued based on its P/E ratio of 8.57x, relative to Specialty Chemicals industry P/E ratio of 30.16x
- ALB could be undervalued based on its P/B ratio of 1.43x, relative to Specialty Chemicals industry P/B ratio of 3.34x
- ALB could be undervalued based on its PEG ratio of 0.26x
You can access more valuation research on ALB's stock here.
Is ALB a healthy company?
Positive Financial Indicators:
- There are more short-term assets than long-term liabilities on the ALB balance sheet.
- ALB has cash burn of 823960000. It has enough cash and short-term investments to cover this for at least one year.
- There are more short-term assets than short-term liabilities on the ALB balance sheet.
- Total ALB debt is lower than 5 years ago, relative to shareholder equity.
Negative Financial Indicators:
- ALB has a relatively high debt to equity ratio of 0.91.
- ALB has $889.90M in cash and short term investments. This is not enough to cover its annual cash burn of $823.96M.
- ALB profit margin has gone down from 36.7% to 16.4% in the past year.
Is it a good time to buy Albemarle stock, according to Wall Street analysts?
Out of 17 Wall Street analysts who track ALB, the consensus analyst rating on ALB is a Buy
Please note that analyst forecasts are not stock recommendations, nor are they financial advice.
Latest ALB Analyst Ratings
Vincent Andrews, a top 11% analyst from Morgan Stanley maintains ALB with a strong sell rating and lowers their ALB price target from $90.00 to $81.00, on Mar 11, 2024.
Kevin McCarthy, a top 34% analyst from Vertical Research downgrades ALB to a hold rating and announces their ALB price target of $145.00, on Mar 8, 2024.
John Roberts, a top 5% analyst from Mizuho maintains ALB with a hold rating and lowers their ALB price target from $115.00 to $112.00, on Mar 7, 2024.
Aleksey Yefremov, a top 21% analyst from KeyBanc maintains ALB with a strong buy rating and lowers their ALB price target from $178.00 to $159.00, on Mar 7, 2024.
Arun Viswanathan, a bottom 9% analyst from RBC Capital maintains ALB with a buy rating and lowers their ALB price target from $140.00 to $138.00, on Feb 16, 2024.
You can dive deeper into what analysts are forecasting on the Albemarle stock forecast page.
ALB Technicals
ALB Revenue
Last year, ALB earnings were $1.57B. In the last five year, ALB's earnings have increased by 15.94% per year. This was faster than the Specialty Chemicals industry average of 6.78%.
Last year, ALB revenue was $9.62B. During the last five year, ALB's revenue has increased by 23.3% per year. This was faster than the Specialty Chemicals industry average of 9.44%.
Dig into ALB's earnings and revenue performance here.
Who is buying/selling ALB?
Over the past 12 months, insiders at ALB have sold more shares than they have bought.
John Clarence Barichivich Iii, VP Controller CAO of ALB, was the latest ALB insider to sell. They sold $20,733.42 worth of ALB stock on Feb 28, 2024.
Dig into more about who owns ALB shares here.
Does ALB stock generate passive income?
Albemarle pays a dividend of 1.39%, compared to the Specialty Chemicals industry's average dividend yield of 3.5%. If you owned $1,000 of ALB stock, you would have been paid $13.92 last year.
Albemarle dividend payments have consistently grown over the past decade and have remained stable.
Get more info about Albemarle dividend yield and history here.
Get opinions from other investors
One of the major reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to learn what other community members have to say.
Step 5: Make your ALB trade
You have two primary types of orders:
- Market order: A market order is an order to buy or sell a stock at the best available price.
Market orders are mostly the easiest way to buy. - Limit order: A limit order allows you to buy or sell a stock at a specific price (or better).
If you want to be sure you're buying or selling at a specific price limit, use a limit order.
Click the Open button and your broker will place the order.
If you require additional assistance investing in stocks on eToro, watch the helpful video below:
Step 6: Get the latest news on your ALB investment
Now that you own some ALB shares, you'll want to keep up with your new company.
Start a watchlist to get the latest updates about your ALB stock.
ALB Feed
How to Buy Stock in Albemarle
To reiterate, here are the 6 steps to buy stock in Albemarle:
- Choose where to buy Albemarle stock
- Sign up for your brokerage account
- Fund your investment account
- Research Albemarle stock
- Make your ALB trade
- Get the latest news on your ALB investment
If you require a place to buy stocks, eToro is our favorite venue.
Get Started with eToro TodayIf you would like to get notifications regarding your new investment in Albemarle, create your watchlist below.
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