As of Wednesday close, Sociedad Quimica y Minera de Chile S.A.’s (NYSE:SQM) stock was down -$0.51, moving down -0.78 percent to $64.69. The average number of shares traded per day over the past five days has been 1,054,060 shares. 1 time new highs have been achieved over the past 5 days, with a -$4.98 fall in that time frame. In the last twenty days, the average volume was 1,214,600, while in the previous 50 days, it was 1,185,136.
Since last month, SQM stock retreated -18.53%. Shares of the company fell to $64.32 on 08/16/23, the lowest level in the past month. A 52-week high of $115.72 was reached on 02/02/23 after having rallying from a 52-week low of $60.21. Since the beginning of this year, SQM’s stock price has dropped by -18.98% or -$15.15, and marked a new high 12 times. However, the stock has declined by -44.10% since its 52-week high.
Valuation Metrics
Right now, Sociedad Quimica y Minera de Chile S.A. (SQM) has a P/E ratio of about 4.79. The stock’s beta is 1.04. Besides these, the trailing price-to-sales (P/S) ratio of 1.66, the price-to-book (PB) ratio of 3.40, and the price-to-cash flow ratio of 12.58 may also be considered.
The latest dividend of $0.5119 per share was paid out, which is -84.12% less than last year’s $3.2237. On Wednesday July 12 2023, a $2.7118 dividend decrease was announced.
Financial Health
In the three months ended March 30, Sociedad Quimica y Minera de Chile S.A.’s quick ratio stood at 1.80, while its current ratio was 2.50, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending March 30 was 0.45, and the total debt-to-equity ratio was 0.55. On the profitability front, the trailing twelve-month gross margin is 51.50% percent. In the year ended March 30, EBITDA margin amounted to 54.54%, whereas operating margins totaled 49.60%. Based on annual data, SQM earned $5.74 billion in gross profit and brought in $10.71 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 50.70%. Return on equity (ROE) for the past 12 months was 83.60%.
According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. SQM’s revenue rose 73.28% during the quarter, while net income inched up to $10.71 billion. While analysts expected Sociedad Quimica y Minera de Chile S.A. to report $3.05 quarterly earnings, the actual figure was $2.63 per share, beating the consensus estimate by -13.80%. During the quarter, the company generated $1.02 billion in EBITDA. The liabilities of Sociedad Quimica y Minera de Chile S.A. were 5.7 billion at the end of its most recent quarter ended March 30, and its total debt was $3.02 billion.
Technical Picture
This quick technical analysis looks at Sociedad Quimica y Minera de Chile S.A.’s (SQM) price momentum. With a historical volatility rate of 13.00%, the RSI 9-day stood at 20.05% on 16 August.
With respect to its five-day moving average, the current Sociedad Quimica y Minera de Chile S.A. price is down by -7.15% percent or -$4.98. At present, SQM shares trade -18.94% below its 20-day simple moving average and -20.19% percent below its 100-day simple moving average. However, the stock is currently trading approximately -5.49% below its SMA50 and -33.17% below its SMA200.
Stochastic coefficient K was 7.07% and Stochastic coefficient D was 7.18%, while ATR was 2.05. Given the Stochastic reading of 3.43% for the 14-day period, the RSI (14) reading has been calculated as 28.87%. As of today, the MACD Oscillator reading stands at -2.71, while the 14-day reading stands at -4.19.
Analyst Ratings
Goldman launched its rating on Sociedad Quimica y Minera de Chile S.A. (NYSE: SQM) to a Sell in a note to investors on May 19, 2023. Sociedad Quimica y Minera de Chile S.A. (SQM) has been rated Overweight by analysts. According to 1 brokerage firm, SQM is a sell, and 3 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 2 analysts rate Sociedad Quimica y Minera de Chile S.A. stock as buy, with 8 recommending it as overweight.
With a median target price of $89.00, the current consensus forecast for the stock is $67.90 – $105.00. Based on these forecasts, analysts predict Sociedad Quimica y Minera de Chile S.A. (SQM) will achieve an average price target of $88.20.
