Summary
- Lithium prices have begun to stabilize after a fall from all-time highs.
- The CEO of Albemarle recently bought shares of his company, according to insider trade data.
The largest supplier of lithium for electric vehicle batteries, Albemarle Corp. (ALB, Financial), has seen its share price trade in a tight range since around mid-2021, unable to make a break higher despite a three-year revenue per share growth rate of 22.6% and a three-year earnings per share growth rate of 65.7%. With profitability growing much faster than the share price, the price-earnings ratio has fallen to 6.23.
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