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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 $98.24, up 3.71% from the previous day, and has decreased 20.1% in one year. It has underperformed other stocks in the Specialty Chemicals industry by 0.37 percentage points. Albemarle stock is currently +36.5% from its 52-week low of $71.97, and -36.02% from its 52-week high of $153.54.

There are currently 117.53M ALB shares outstanding. The market cap of ALB is $11.55B. In the last 24 hours, 2.42M ALB shares were traded.

How to Buy Albemarle Stock

Wondering how to invest in Albemarle stock? Here's how.
  1. 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.
  2. Sign up for your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
  3. Fund your investment account: Select your payment method and add your information.
  4. 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).
  5. 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.
  6. 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.

A brokerage account is an investment account that enables you to buy and sell a variety of investments, such as stocks, bonds, mutual funds, and ETFs.

Our preferred brokerage: eToro

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Step 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.

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  2. Provide your personal details to open your new brokerage account.
  1. Send your info by clicking the "Create Account" button.
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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.

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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 Price
$98.24
1w %
5.06%
1y %
-20.1%
5y %
52.33%
P/E
-20.77x
P/B
1.03x
P/S
1.55x
PEG
N/A
Revenue
$7.46B
Earnings
-$554.17M
Fore. Rev. Growth
-4.5%
Fore. Earn. Growth
N/A
Market Cap
$11.55B
Next Earnings
Nov 6, 2024
Next Dividend
Jan 2, 2025

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/B ratio of 1.03x, relative to Specialty Chemicals industry P/B ratio of 3.46x

You can access additional valuation analysis 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.
  • There are more short-term assets than short-term liabilities on the ALB balance sheet.
  • ALB has cash burn of 1265442000. It has enough cash and short-term investments to cover this for at least one year.
  • ALB has $1.83B in cash and short term investments. This is enough to cover its annual cash burn of $1.27B.
  • 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 0.62.
  • ALB profit margin has gone down from 40.5% to -7.4% in the past year.

Is it a good time to buy Albemarle stock, according to analysts?

Out of 15 sell side analysts who monitor ALB, the consensus analyst rating on ALB is a Hold

Please note that analyst forecasts are not stock recommendations, nor are they investment advice.

Latest ALB Analyst Upgrades/Downgrades

Charles Neivert, a bottom 2% analyst from Piper Sandler maintains ALB with a strong sell rating and lowers their ALB price target from $95.00 to $90.00, on Aug 8, 2024.

Ben Isaacson, a bottom 12% analyst from ScotiaBank maintains ALB with a hold rating and lowers their ALB price target from $135.00 to $85.00, on Aug 6, 2024.

Arun Viswanathan, a bottom 4% analyst from RBC Capital maintains ALB with a buy rating and lowers their ALB price target from $128.00 to $111.00, on Aug 6, 2024.

Aleksey Yefremov, a top 21% analyst from KeyBanc maintains ALB with a strong buy rating and lowers their ALB price target from $151.00 to $132.00, on Aug 5, 2024.

Matthew DeYoe, a bottom 18% analyst from Bank of America maintains ALB with a strong buy rating and lowers their ALB price target from $135.00 to $126.00, on Aug 2, 2024.

You can dig deeper into what analysts are projecting on the Albemarle stock forecast page.

ALB Trading Indicators

SMA10
95.62
SMA20
97.56
SMA50
92.36
SMA100
92.12
SMA200
107.19
MACD
0.77
MACD Signal
1.11
MACD Histogram
-0.34
RSI
54.83
Stochastic %K
39.54
Stochastic %D
32.79
StochRSI %K
43.87
StochRSI %D
31.71

ALB Revenue

Last year, ALB revenue was $7.46B. Over the last 5 year, ALB's revenue has gone up by 16.9% per year. This was faster than the Specialty Chemicals industry average of 4.96%.

You can research ALB's earnings and revenue performance here.

Latest Insiders Trades at ALB

Over the last 12 months, insiders at ALB have sold more shares than they have bought.

Ralf Hans Cramer, Director of ALB, was the latest ALB insider to sell. They sold $389.64 worth of ALB stock on Jul 1, 2024.

Dig into more about who owns ALB stock here.

Can I get consistent income from ALB stock?

Albemarle pays a dividend of 1.63%, compared to the Specialty Chemicals industry's average dividend yield of 1.84%. If you owned $1,000 of ALB stock, you would have received $16.34 last year.

Albemarle dividend payments have consistently grown over the past decade and have remained stable.

Dig into more info about Albemarle dividend yield and history here.

What others are saying about ALB

One of the reasons eToro is our highest-rated brokerage is because of its social trading community.

Click below to find out 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 security at the best price on the market.
    Market orders are mostly sufficient.
  • Limit order: A limit order allows you to buy or sell a security at a specific price (or better).
    If you want to ensure you're buying or selling at a specific price limit, place a limit order.

Hit the Open Trade button and eToro will execute the order.

If you need more info about buying stocks on eToro, watch the helpful video below:

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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 shares.

Add ALB to a watchlist to track the most important metrics related to your ALB stock.

ALB Feed

How to Buy Stock in Albemarle

To summarize, here are the 6 steps to buy stock in Albemarle:

  1. Choose where to buy Albemarle stock
  2. Sign up for your brokerage account
  3. Fund your investment account
  4. Research Albemarle stock
  5. Make your ALB trade
  6. Get the latest news on your ALB investment

If you need a place to buy stocks, eToro is our favorite venue.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you want to get the latest news on your investment in Albemarle, create a watchlist today.

NYSE: ALB
$98.24+3.51 (+3.71%)
Updated Nov 1, 2024
Open eToro Account
NYSE: ALB
$98.24+3.51 (+3.71%)
Updated Nov 1, 2024
Open eToro Account

FAQ

How much does it cost to buy one Albemarle share?

As of Nov 1, 2024, it costs $98.24 to buy one share of Albemarle stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $10, you can buy 0.102 shares of ALB.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Albemarle stock?

According to 15 Wall Street analysts who monitor Albemarle, their consensus recommendation is to hold Albemarle stock.

What is the best way to buy Albemarle stock?

One way to place an order for Albemarle stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.