What Technical Indicators Show About Sociedad Quimica y Minera de Chile S.A. (SQM)?

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Sociedad Quimica y Minera de Chile S.A. (NYSE:SQM) traded with a subtraction of -$2.12 to $101.49 on Thursday, a downside of -2.05 percent. An average of 1,175,453 shares of common stock have been traded in the last five days. There was a fall of -$4.30 in the past week, and it reached a new high 28 times over the past 12 months. The last 20 days have seen an average of 1,629,638 shares traded, while the 50-day average volume stands at 1,641,755.

SQM stock has increased by 10.54% in the last month. The company shares reached their 1-month lowest point of $94.38 on 08/23/22. With the stock rallying to its 52-week high on 05/27/22, shares of the company touched a low of $44.88 and a high of $115.76 in 52 weeks. It has reached a new high 28 times so far this year and achieved 105.45% or $49.79 in price. In spite of this, the price is down -12.33% from the 52-week high.


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Valuation Metrics

Sociedad Quimica y Minera de Chile S.A. (SQM) has a trailing price-to-earnings (P/E) ratio of 14.21. The stock’s beta is 0.86. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 4.56, the price-to-book (PB) ratio at 8.37, and the price-to-cash flow ratio at 917.70.

The company has a payout ratio of 7.60%. The company’s most recent quarterly dividend payment was $1.2020 a share, representing a down of -56.87% from $2.7872 last year. Its latest decrease dividend $1.5852 reported on Monday August 22 2022.

Financial Health

The quick ratio of Sociedad Quimica y Minera de Chile S.A. for the three months ended March 30 was 1.30, and the current ratio was 1.80, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.62 and a total debt to equity ratio of 0.74 for the quarter ending March 30. Its gross profit as reported stood at $1.09 billion compared to revenue of $2.86 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Sociedad Quimica y Minera de Chile S.A.’s return on assets was 26.30%.

Earnings Surprise

In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $585.45 million in the quarter, while revenues were grew 71.9%. The analyst consensus anticipated Sociedad Quimica y Minera de Chile S.A.’s latest quarter earnings to come in at $1.28 per share, but it turned out to be $2.79, a 118.00% surprise. For the quarter, EBITDA amounted to $1.24 billion.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Sociedad Quimica y Minera de Chile S.A. (SQM) price momentum. RSI 9-day as of the close on 21 September was 40.41%, suggesting the stock is Neutral, with historical volatility in this time frame at 53.74%.

As of today, SQM’s price is $103.93 -4.11% or -$4.30 from its 5-day moving average. SQM is currently trading -1.69% lower than its 20-day SMA and +35.80% higher than its 100-day SMA. However, the stock’s current price level is +20.57% above the SMA50 and +77.76% above the SMA200.

The stochastic %K and %D were 34.99% and 45.07%, respectively, and the average true range (ATR) was 5.36. With the 14-day stochastic at 14.74% and the average true range at 5.35, the RSI (14) stands at 45.70%. The stock has reached -3.28 on the 9-day MACD Oscillator while the 14-day reading was at -3.45.

Analyst Ratings

Morgan Stanley downgraded Sociedad Quimica y Minera de Chile S.A. (NYSE: SQM) to a an Underweight rating in its most recent analyst report. Previously, the stock was rated as an Equal-weight.

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