For Sociedad Quimica y Minera de Chile S.A. [SQM], Analyst sees a rise to $70. What next?



Sociedad Quimica y Minera de Chile S.A. [NYSE: SQM] slipped around -7.43 points on Thursday, while shares priced at $78.82 at the close of the session, down -8.61%. The company report on April 14, 2022 that Diodes Incorporated to Announce First Quarter 2022 Financial Results on May 4, 2022.

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Diodes Incorporated (Nasdaq: DIOD) will host a conference call on Wednesday, May 4, 2022 at 4:00 p.m. Central Time (5:00 p.m. Eastern Time) to discuss its first quarter 2022 financial results.

Joining Dr. Keh-Shew Lu, Chairman, President and Chief Executive Officer of Diodes Incorporated, will be Brett Whitmire, Chief Financial Officer; Emily Yang, Senior Vice President of Worldwide Sales and Marketing; and Gary Yu, Senior Vice President of Business Groups. The Company intends to distribute the announcement of its first quarter 2022 financial results on that same day at 3:05 p.m. Central Time (4:05 p.m. Eastern Time).

Sociedad Quimica y Minera de Chile S.A. stock is now 56.30% up from its year-to-date (YTD) trading value. SQM Stock saw the intraday high of $88.00 and lowest of $77.93 per share. The company’s 52-week high price is 90.87, which means current price is +68.78% above from all time high which was touched on 04/04/22.

Compared to the average trading volume of 1.63M shares, SQM reached a trading volume of 3248275 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say 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 $80.31 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.

Morgan Stanley have made an estimate for Sociedad Quimica y Minera de Chile S.A. shares, keeping their opinion on the stock as Underweight, with their previous recommendation back on March 31, 2022. While these analysts kept the previous recommendation, Loop Capital raised their target price to Buy. The new note on the price target was released on January 25, 2022, representing the official price target for Sociedad Quimica y Minera de Chile S.A. stock. Previously, the target price had yet another raise to $58, while Morgan Stanley analysts kept a Equal-Weight rating on SQM stock. On December 20, 2021, analysts decreased their price target for SQM shares from 67 to 50.

The Average True Range (ATR) for Sociedad Quimica y Minera de Chile S.A. is set at 3.69, with the Price to Sales ratio for SQM stock in the period of the last 12 months amounting to 7.90. The Price to Book ratio for the last quarter was 7.08, with the Price to Cash per share for the same quarter was set at 8.45.

How has SQM stock performed recently?

Sociedad Quimica y Minera de Chile S.A. [SQM] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -6.91. With this latest performance, SQM shares dropped by -1.67% in over the last four-week period, additionally plugging by 47.90% over the last 6 months – not to mention a rise of 53.51% 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 45.77, with the RSI for the last a single of trading hit 38.39, and the three-weeks RSI is set at 50.42 for Sociedad Quimica y Minera de Chile S.A. [SQM]. The present Moving Average for the last 50 days of trading for this stock 75.40, while it was recorded at 83.29 for the last single week of trading, and 59.51 for the last 200 days.

Sociedad Quimica y Minera de Chile S.A. [SQM]: Deeper insight into the fundamentals

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 +32.85 and a Gross Margin at +38.12. Sociedad Quimica y Minera de Chile S.A.’s Net Margin is presently recorded at +20.45.

Return on Equity for this stock inclined to 21.11, with Return on Assets sitting at 9.16.

Sociedad Quimica y Minera de Chile S.A.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.40 and a Current Ratio set at 4.60.

Earnings analysis for Sociedad Quimica y Minera de Chile S.A. [SQM]

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%.

Insider trade positions for Sociedad Quimica y Minera de Chile S.A. [SQM]

There are presently around $4,755 million, or 42.10% of SQM stock, in the hands of institutional investors. The top three institutional holders of SQM stocks are: FMR LLC with ownership of 5,634,140, which is approximately -4.594% of the company’s market cap and around 72.40% of the total institutional ownership; BLACKROCK INC., holding 5,360,234 shares of the stock with an approximate value of $462.32 million in SQM stocks shares; and RWC ASSET ADVISORS (US) LLC, currently with $347.56 million in SQM stock with ownership of nearly 21.545% 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 May and at the time of the May reporting period, where 130 institutional holders increased their position in Sociedad Quimica y Minera de Chile S.A. [NYSE:SQM] by around 12,643,670 shares. Additionally, 112 investors decreased positions by around 6,126,388 shares, while 46 investors held positions by with 36,361,208 shares. The mentioned changes placed institutional holdings at 55,131,266 shares, according to the latest SEC report filing. SQM stock had 48 new institutional investments in for a total of 5,607,922 shares, while 35 institutional investors sold positions of 1,905,370 shares during the same period.