Sociedad Quimica y Minera de Chile S.A. (NYSE:SQM) currently has a daily average trading volume of 2.19M but it saw 1352113 shares traded on Wednesday. With a market cap of 18.62B USD, stock’s current market price of $69.07 came falling about -3.69 while comparing to the previous closing price of $71.72. In past 52 weeks, the stock remained buoying in the range of price level as high as $115.76 and as low as $60.21. In the recent trading on the day, stock has struck highest price mark of $71.1899 while lowest mark touched by it was $68.20.
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Taking a look at 20-day trading activity of Sociedad Quimica y Minera de Chile S.A. (SQM) gives us an average price of $69.48, while its current price level is -40.33% below from 52-week high level whereas it is 14.72% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $73.81 while that of 200 days or SMA-200 reads an average of $88.47. A closer look into the stock’s movement over the week reveals that its volatility is standing at 3.48% during that period while stretching the period over a month that increases to 3.60%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 43.14 which implies that the stock is in neutral territory.
Sociedad Quimica y Minera de Chile S.A. (SQM)’s stock is currently under the radar of 18 analysts who are in consensus at a 12-month price target range of between $60.60 and $136.00 for company’s shares. The average price target assigned by the average number of analysts to a stock is a way to gauge worth of any stock in next 52 weeks. And in assigning price target to a stock, some analysts adopt a bearish approach by advocating lower-than-average price target which in this case is $60.60 while some adopt bullish approach by assigning higher-than-average price target which reads the price to top $136.00. Average price target assigned by them is $97.29 which highlights an upside potential of 29.01% for the stock over that period. And to attain the median price target of $90.00 assigned by those analysts, stock has to add about 23.26% of value to its current levels.
Data by FactSet Research shows that 18 analysts have issued their ratings for the stock. 3 of them are in opinions that stock is a Sell, while 3 are advising it as an Overweight. 7 analysts suggested the investors to Buy the stock while 5 advised them to Hold. Recommendations by all of those brokerages imply a consensus rating of Overweight for the stock and that issued by Wall Street to investors is Moderate Buy.
Over the week, SQM’s stock price is moving -4.93% down while it is 4.08% when we observe its performance for the past one month. Year-to-date it is -13.49% down and over the past year, the stock is showing a downside performance of -31.94%.
The latest quarterly earnings report issued by the company was for quarter ended 3/30/2023, when its quarterly earnings per share (EPS) of $2.63 beaten by the consensus estimate of $3.05 for the same. The company is expected to be releasing its next quarterly report in 08/17/2023, for which analysts forecasted an EPS of $3 while estimate for next year EPS is $11.57. For SQM, analysts are forecasting an EPS-growth rate of -15.40% for current year and estimate for EPS growth in next year is -14.30%. In next quarter, company is expected to be making quarterly sales of $2.29 billion as analysts are expecting the sales for current fiscal year at $9.62 billion and seeing the company making $9.12 billion in sales next year. Moreover, analysts are in estimates of $2.43 billion for current-quarter revenue.
Currently, Sociedad Quimica y Minera de Chile S.A.’s total number of outstanding shares is 285.64M with 2.47% of that held by the insiders while 36.52% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 50.70% and return on equity (ROE) at 96.20%. It has a price to earnings ratio (P/E ratio) of 5.05 while having a 6.67 of forward P/E ratio. Stock’s beta reads 0.97. Stock has a price to book (P/B) ratio of 4.03 while price to sale or P/S ratio amounts to 1.74. Its return on asset (ROA) is 40.20% on average.
A filing at the U.S. Securities and Exchange Commission revealed that American Funds New Perspective Fu came shrinking its share ownership by -8.78% in the Sociedad Quimica y Minera de Chile S.A. (SQM) decreasing its stake to 1.42% with control over -0.19 million shares in the company. In the most recent quarter, Stichting Pensioenfonds ABP came cutting its stake by -6.78% in the company and now holds 1.49 million or 1.04% of the company’s stake having worth of about 100.43 million.
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