Sociedad Quimica Y Minera de Chile S.A. ADR (NYSE:SQM) traded with an addition of $1.89 to close at $60.13on Friday, an upside of 3.25 percent. An average of 1,290,718 shares of common stock have been traded in the last five days. There was a gain of $3.47 in the past week, and it reached a new high 8 times over the past 12 months. The last 20 days have seen an average of 1,246,469 shares traded, while the 50-day average volume stands at 1,353,548.
SQM stock has decreased by -3.59% in the last month. The company shares reached their 1-month lowest point of $54.28 on 09/27/23. With the stock rallying to its 52-week high on 02/02/23, shares of the company touched a low of $54.28 and a high of $112.35 in 52 weeks. It has reached a new high 12 times so far this year and lost -24.69% or -$19.59 in price. In spite of this, the price is down -46.48% from the 52-week high.
Valuation Metrics
Sociedad Quimica Y Minera de Chile S.A. ADR (SQM) has a trailing price-to-earnings (P/E) ratio of 4.80, which compares with the N/A for the broader industry. The stock’s beta is 1.05. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.83, the price-to-book (PB) ratio at 3.49, and the price-to-cash flow ratio at 5.44.
The company has a payout ratio of 54.80%. The company’s most recent quarterly dividend payment was $0.5119 a share, representing a down of -84.12% from $3.2237 last year. Its latest decrease dividend $2.7118 reported on Wednesday July 12 2023.
Financial Health
The quick ratio of Sociedad Quimica Y Minera de Chile S.A. ADR for the three months ended June 29 was 1.67, and the current ratio was 2.39, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.52 and a total debt to equity ratio of 0.70 for the quarter ending June 29. Its gross profit as reported stood at $5.74 billion compared to revenue of $10.71 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. ADR’s return on assets was 35.54%.
Earnings Surprise
In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $3.91 billion in the quarter, while revenues were grew 85.01%. The analyst consensus anticipated Sociedad Quimica Y Minera de Chile S.A. ADR’s latest quarter earnings to come in at $2.53 per share, but it turned out to be $2.03, a -19.80% surprise. For the quarter, EBITDA amounted to $819.37 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Sociedad Quimica Y Minera de Chile S.A. ADR (SQM) price momentum. RSI 9-day as of the close on 28 September was 56.05%, suggesting the stock is Neutral, with historical volatility in this time frame at 41.82%.
As of today, SQM’s price is $57.06 +6.11% or $3.47 from its 5-day moving average. SQM is currently trading -3.74% lower than its 20-day SMA and -12.68% lower than its 100-day SMA. However, the stock’s current price level is -22.85% below the SMA50 and -35.17% below the SMA200.
The stochastic %K and %D were 42.13% and 21.87%, respectively, and the average true range (ATR) was 2.02. With the 14-day stochastic at 71.93% and the average true range at 1.96, the RSI (14) stands at 49.00%. The stock has reached 0.18 on the 9-day MACD Oscillator while the 14-day reading was at -0.71.
Analyst Ratings
Citigroup launched coverage on Sociedad Quimica Y Minera de Chile S.A. ADR (NYSE: SQM) in its analyst report released on September 13, 2023. The firm assigned the stock a Buy rating. The consensus rating for Sociedad Quimica Y Minera de Chile S.A. ADR (SQM) among analysts is Overweight. According to current brokerage recommendations, 1 brokerage firm advise that investors sell SQM, while 5 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 8 others rate it as a “buy”.
What is SQM’s price target for the next 12 months?
Analysts predict a range of price targets between $62.80 and $136.00, with a median target of $84.00. Taking a look at these predictions, the average price target given by analysts for Sociedad Quimica Y Minera de Chile S.A. ADR (SQM) stock is $86.39.
