Albemarle (ALB) reachead $89.15 at the closing of the latest trading day, reflecting a -0.93% change compared to its last close.
Albemarle (ALB) closed at $88.65 in the latest trading session, marking a -0.3% move from the prior day.
Two S&P 500 stocks--DexCom and Albemarle--are already on sale for investors to buy in 2025.
Albemarle (ALB) reachead $88.92 at the closing of the latest trading day, reflecting a -1.79% change compared to its last close.
Albemarle (ALB) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Lithium supplier Albemarle (ALB 0.94%) recently received a buy rating and a $124 price target from an Argus analyst. The price target implies a 25% upside to the current price.
Lithium prices have dropped 85% from their peak, causing Albemarle's stock to fall by two-thirds, but a market turnaround is likely to happen soon, given that miners are cutting costs. Continued lithium demand growth, even as miners are cutting back on capital spending, makes for a potentially robust lithium price upswing in the near future. Albemarle's finances are strained, showing significant losses, but the company is cutting capital spending to improve future financial results in response to low lithium prices, which should improve profitability.
Albemarle (ALB) reported earnings 30 days ago. What's next for the stock?
Albemarle (ALB) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Electric vehicles are the future, creating investment opportunities in lithium, with Albemarle Corporation as a solid ‘buy' candidate despite short-term challenges. Albemarle's stock rose 41.2% since August, outperforming the S&P 500, due to improved financial position and long-term lithium market outlook. Despite a significant drop in revenue and profitability, management's cost-cutting measures and strategic decisions aim to stabilize the company.
Mandatory convertible preferred shares like ALB.PR.A are almost as risky as common shares. Most investors are in it for the fixed coupon and don't understand their potential losses. We saw this in the case of Algonquin mandatory convertibles and even in the case of Paramount mandatory convertibles.
Zacks.com users have recently been watching Albemarle (ALB) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.