Sociedad Quimica y Minera de Chile S.A. [SQM] Stock trading around $55.63 per share: What’s Next?


Sociedad Quimica y Minera de Chile S.A. [NYSE: SQM] gained 7.25% or 3.76 points to close at $55.63 with a heavy trading volume of 2708972 shares. The company report on November 17, 2021 that SQM Reports Earnings For The Third Quarter Of 2021.

It opened the trading session at $53.50, the shares rose to $55.975 and dropped to $53.50, the range by which the price of stock traded the whole day. The daily chart for SQM points out that the company has recorded 15.71% gains over the past six months. However, it is still -41.09% lower than its most recent low trading price.

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If we look at the average trading volume of 1.62M shares, SQM reached to a volume of 2708972 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Sociedad Quimica y Minera de Chile S.A. [SQM]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for SQM shares is $62.63 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on SQM stock is a recommendation set at 2.70. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

BofA Securities have made an estimate for Sociedad Quimica y Minera de Chile S.A. shares, keeping their opinion on the stock as Underperform, with their previous recommendation back on December 20, 2021. While these analysts kept the previous recommendation, JP Morgan raised their target price to Overweight. The new note on the price target was released on October 26, 2021, representing the official price target for Sociedad Quimica y Minera de Chile S.A. stock. Previously, the target price had yet another raise from $38 to $67, while BofA Securities kept a Neutral rating on SQM stock.

The Average True Range (ATR) for Sociedad Quimica y Minera de Chile S.A. is set at 2.55, with the Price to Sales ratio for SQM stock in the period of the last 12 months amounting to 7.43. The Price to Book ratio for the last quarter was 4.84, with the Price to Cash per share for the same quarter was set at 8.54.

Trading performance analysis for SQM stock

Sociedad Quimica y Minera de Chile S.A. [SQM] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 16.72. With this latest performance, SQM shares gained by 2.61% in over the last four-week period, additionally plugging by 15.71% over the last 6 months – not to mention a drop of -2.88% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for SQM stock in for the last two-week period is set at 58.86, with the RSI for the last a single of trading hit 64.20, and the three-weeks RSI is set at 52.91 for Sociedad Quimica y Minera de Chile S.A. [SQM]. The present Moving Average for the last 50 days of trading for this stock 57.80, while it was recorded at 50.98 for the last single week of trading, and 52.47 for the last 200 days.

Sociedad Quimica y Minera de Chile S.A. [SQM]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Sociedad Quimica y Minera de Chile S.A. [SQM] shares currently have an operating margin of +16.90 and a Gross Margin at +26.28. Sociedad Quimica y Minera de Chile S.A.’s Net Margin is presently recorded at +9.05.

Return on Total Capital for SQM is now 8.20, given the latest momentum, and Return on Invested Capital for the company is 4.66. Return on Equity for this stock inclined to 8.46, with Return on Assets sitting at 3.64. When it comes to the capital structure of this company, Sociedad Quimica y Minera de Chile S.A. [SQM] has a Total Debt to Total Equity ratio set at 94.18. Additionally, SQM Total Debt to Total Capital is recorded at 48.50, with Total Debt to Total Assets ending up at 40.15. Long-Term Debt to Equity for the company is recorded at 90.67, with the Long-Term Debt to Total Capital now at 46.69.

Reflecting on the efficiency of the workforce at the company, Sociedad Quimica y Minera de Chile S.A. [SQM] managed to generate an average of $23,649,146 per employee. Receivables Turnover for the company is 3.68 with a Total Asset Turnover recorded at a value of 0.40.Sociedad Quimica y Minera de Chile S.A.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 5.40 and a Current Ratio set at 7.20.

Sociedad Quimica y Minera de Chile S.A. [SQM]: An earnings per share (EPS) analysis

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for SQM. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Sociedad Quimica y Minera de Chile S.A. go to 40.60%.

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An analysis of insider ownership at Sociedad Quimica y Minera de Chile S.A. [SQM]

There are presently around $2,811 million, or 38.60% of SQM stock, in the hands of institutional investors. The top three institutional holders of SQM stocks are: FMR LLC with ownership of 5,905,463, which is approximately 7.273% of the company’s market cap and around 72.40% of the total institutional ownership; BLACKROCK INC., holding 4,518,579 shares of the stock with an approximate value of $251.37 million in SQM stocks shares; and MIRAE ASSET GLOBAL INVESTMENTS CO., LTD., currently with $205.92 million in SQM stock with ownership of nearly 19.934% of the company’s market capitalization.

Positions in Sociedad Quimica y Minera de Chile S.A. stocks held by institutional investors increased at the end of March and at the time of the March reporting period, where 120 institutional holders increased their position in Sociedad Quimica y Minera de Chile S.A. [NYSE:SQM] by around 10,253,439 shares. Additionally, 104 investors decreased positions by around 8,256,677 shares, while 43 investors held positions by with 32,020,626 shares. The mentioned changes placed institutional holdings at 50,530,742 shares, according to the latest SEC report filing. SQM stock had 47 new institutional investments in for a total of 3,676,320 shares, while 26 institutional investors sold positions of 702,458 shares during the same period.