MARKET COMPOSITE
ALB - Albemarle Corp.8:00:02 PM 4/19/2024
Price
$112.15
+ 0.35 (0.31%)
Albemarle Corporation develops, manufactures, and markets engineered specialty chemicals worldwide. The company operates in three segments: Lithium, Bromine Specialties, and Catalysts. The Lithium segment offers lithium compounds, including lithium carbonate, lithium hydroxide, lithium chloride, and value-added lithium specialties, as well as reagents, such as butyllithium and lithium aluminum hydride for applications in lithium batteries for consumer electronics and electric vehicles, high performance greases, thermoplastic elastomers for car tires, rubber soles, plastic bottles, catalysts for chemical reactions, organic synthesis processes, life science, pharmaceutical, and other markets. It also offers cesium products for the chemical and pharmaceutical industries; zirconium, barium, and titanium products for various pyrotechnical applications; technical services, such as the handling and use of reactive lithium products; and recycling services for lithium-containing by-products. The Bromine Specialties segment offers bromine and bromine-based solutions for fire safety, chemical synthesis, mercury control, water purification, beef and poultry processing, and other industrial applications, as well as oil and gas well drilling, and completion fluids applications; and tertiary amines, biocides, disinfectants, and sanitizers. The Catalysts segment offers hydroprocessing catalysts together with isomerization and akylation catalysts; fluidized catalytic cracking catalysts and additives; and performance catalyst solutions comprising organometallics and curatives. The company serves energy storage, petroleum refining, consumer electronics, construction, automotive, lubricants, pharmaceuticals, crop protection, and custom chemistry services markets. Albemarle Corporation was founded in 1994 and is headquartered in Charlotte, North Carolina.
Financials
Quarterly financials
(USD)Sep 2023Q/Q
Revenue2.3B-3%
Gross Profit54.9MM-90%
Cost Of Revenue2.3B+25%
Operating Income-140MM-200%
Operating Expenses194.9MM-
Net Income302.5MM-53%
R&D21.1MM-2%
G&A173.9MM-56%
Stock Chart

Short Volume Ratio = Short Volume / All Volume. Source of Short Volume data comes from 

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Stock news

    The recent 10% drop in Albemarle Corporation's ( NYSE:ALB ) stock could come as a blow to insiders who purchased...

    Albemarle Corporation (NYSE: ALB), a global leader in providing essential elements for mobility, energy, connectivity and health, announced a $1 million donation to Cleveland Community College (CCC) for the purchase of equipment, supplies and facility improvements to benefit workforce training programs. The Shelby, NC-based college's programs are designed to strengthen the region's pipeline of skilled and diverse workers to support the growth of businesses and projects, such as the redevelopment

    Lithium prices may have bottomed, which could be a bullish signal for Albemarle.

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    Crisis will lead to opportunity for lithium stocks. For one, the blood is flowing in the streets with many of the top lithium names. Two, some analysts now believe lithium prices may have bottomed out. As noted by Bank of America analyst Steve Byrne, “2023 marked a huge drop in lithium prices, as the market flipped from the 2022 deficit into surplus. Inventory levels in China for lithium carbonate were elevated in February but started to trend down in March [and pricing] started to show some str

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    Lithium stocks are possibly among the most ignored stories from being the hottest commodities in the markets. That’s the nature of the markets, as reactions tend to be on the extremes. Of course, the plunge in lithium price had to be discounted, but most lithium stocks seem to be trading at a valuation gap. For investors who are bullish on the lithium story for the long term, this is possibly the best time to accumulate lithium stocks. Estimates indicate lithium supply will increase to 2.14 mill

    Albemarle Corporation (NYSE: ALB), a global leader in providing essential elements for mobility, energy, connectivity and health, announced today that it will release its first-quarter 2024 earnings after the NYSE closes on Wednesday, May 1, 2024.