Sociedad Quimica y Minera de Chile S.A. (NYSE:SQM) finished Friday with an addition of $0.96 to close at $79.84, an upside of 1.22 percent. An average of 1,571,000 shares of common stock have been traded in the last five days. There was a fall of -$2.41 in the past week, and it reached a new high 29 times over the past 12 months. The last 20 days have seen an average of 1,551,190 shares traded, while the 50-day average volume stands at 1,705,718.
SQM stock has decreased by -19.48% in the last month. The company shares reached their 1-month lowest point of $76.01 on 12/28/22. With the stock rallying to its 52-week high on 05/27/22, shares of the company touched a low of $46.70 and a high of $115.76 in 52 weeks. It has reached a new high 28 times so far this year and achieved 58.32% or $29.41 in price. In spite of this, the price is down -31.03% from the 52-week high.
Sociedad Quimica y Minera de Chile S.A. (SQM) has a trailing price-to-earnings (P/E) ratio of 7.41. The stock’s beta is 0.92. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.47, the price-to-book (PB) ratio at 4.95, and the price-to-cash flow ratio at 16.33.
The company has a payout ratio of 28.80%. 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.
The quick ratio of Sociedad Quimica y Minera de Chile S.A. for the three months ended March 30 was 1.60, and the current ratio was 2.10, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.47 and a total debt to equity ratio of 0.56 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 35.10%.
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 $1.57 billion.
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 30 December was 34.88%, suggesting the stock is Neutral, with historical volatility in this time frame at 36.80%.
As of today, SQM’s price is $79.06 -2.93% or -$2.41 from its 5-day moving average. SQM is currently trading -17.79% lower than its 20-day SMA and -18.07% lower than its 100-day SMA. However, the stock’s current price level is -11.44% below the SMA50 and +9.32% above the SMA200.
The stochastic %K and %D were 11.76% and 8.68%, respectively, and the average true range (ATR) was 3.46. With the 14-day stochastic at 18.38% and the average true range at 3.79, the RSI (14) stands at 37.05%. The stock has reached -2.76 on the 9-day MACD Oscillator while the 14-day reading was at -5.67.
Citigroup downgraded Sociedad Quimica y Minera de Chile S.A. (NYSE: SQM) to a a Neutral rating in its most recent analyst report. Previously, the stock was rated as a Buy.
What is SQM’s price target for the next 12 months?
Analysts predict a range of price targets between $92.00 and $145.00, with a median target of $121.00. Taking a look at these predictions, the average price target given by analysts for Sociedad Quimica y Minera de Chile S.A. (SQM) stock is $117.90.