Sociedad Quimica y Minera de Chile S.A. (SQM): Technicals Say You should Hold

Sociedad Quimica y Minera de Chile S.A. (NYSE:SQM) saw an upside of 1.27% to close Tuesday at $53.54 after adding $0.67 on the day. The 5-day average trading volume is 1,025,760 shares of the company’s common stock. It has gained $54.69 in the past week. An average of 996,970 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,290,628.

SQM’s 1-month performance is -1.40% or -$2.24 on its low of $50.70 reached on 10/06/21. The company’s shares have touched a 52-week low of $33.52 and high of $60.74, with the stock’s rally to the 52-week high happening on 01/20/21. YTD, SQM has achieved 9.06% or $4.45. However, the current price is down -11.85%% from the 52-week high price.


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Valuation Metrics

The company’s PE ratio for the last five years has touched a high of 97.08 and a low of 15.19. SQM stock has a beta of 0.87. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 7.41 while the price-to-book (PB) in the most recent quarter is 4.78.

Sociedad Quimica y Minera de Chile S.A. pays an annual dividend of $0.81 per share. Its dividend yield is 1.51% and the payout ratio is 30.70%. SQM’s most recent quarterly dividend payment was made on Sep. 3, when it paid $0.2040 a share compared with prior rate of $0.1560, up 23.53% from last year’s. The company latest dividend increase of $0.0480 reported on Friday August 20 2021. Measured over the last 3 years, the Dividend has been growing by -42.79% yearly.

It is projected that Sociedad Quimica y Minera de Chile S.A.’s next ex-dividend date will be on SA’s. SQM is expected to distribute $6-Dec as its next dividend.

Sociedad Quimica y Minera de Chile S.A.’s quick ratio for the period ended March 30 was 4.60, with the current ratio over the same period at 6.50 meaning that SQM stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending March 30 was 0.60, while the total debt to equity was 0.61. In terms of profitability, the gross margin trailing 12 months is 27.40%. The trailing 12-month EBITDA margin is 28.01% while for the period ending March 30; Sociedad Quimica y Minera de Chile S.A.’s operating margin was 18.70%. The firm’s gross profit as reported stood at $482.87 million against revenue of $1.82 billion.

Earnings Surprise

For the quarterly period ending March 30 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected SQM to announce $0.25 per share in earnings in its latest quarter, but it posted $0.26, representing a 4.00% surprise. EBITDA for the quarter stood at more than $148.41 million. SQM stock balance sheet for the quarter ending March 30 shows that total liabilities totaled 2.78 billion, with total debt at $1.98 billion

Technical Picture

Let’s look briefly at Sociedad Quimica y Minera de Chile S.A. (SQM) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 12 October was 52.17% to suggest the stock is trending Neutral, with historical volatility in this time period at 31.91%.

The stock’s 5-day moving average is $52.28, reflecting a -0.87% or -$0.47 change from its current price. SQM is currently trading -3.36% above its 20-day SMA, +29.17% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +12.93% and +11.82% respectively.

Stochastic %K and %D was 34.87% and 25.12% and the average true range (ATR) pointed at 1.92. The RSI (14) points at 51.54%, while the 14-day stochastic is at 50.44% with the period’s ATR at 1.93. The stock’s 9-day MACD Oscillator is pointing at -0.22 and -0.72 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Sociedad Quimica y Minera de Chile S.A. (NYSE: SQM), BofA Securities upgraded it to a Neutral rating. They previously had an Underperform rating on the stock. Analysts offering their rating for SQM stock have a consensus rating for the stock as Overweight. Currently, 1 brokerage advisors rate SQM as a “sell,”, while 4 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 2 rates the stock as overweight while 6 have offered a “buy” rating.

What is SQM’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $45.00 and a high of $70.00, with their median price target at $65.00. Looking at these predictions, the average price target given by analysts is for Sociedad Quimica y Minera de Chile S.A. (SQM) stock is $62.04.

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