Sociedad Quimica y Minera de Chile S.A. [SQM] Revenue clocked in at $2.86 billion, up 88.84% YTD: What’s Next?

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Sociedad Quimica y Minera de Chile S.A. [NYSE: SQM] gained 5.56% on the last trading session, reaching $95.23 price per share at the time. The company report on May 19, 2022 that SQM REPORTS EARNINGS FOR THE THREE MONTHS ENDED MARCH 31, 2022.


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Highlights.

SQM reported net income for the three months ended March 31, 2022 of US$796.1 million, compared to US$68.0 million in same period of 2021.

Sociedad Quimica y Minera de Chile S.A. represents 285.65 million in outstanding shares, while the company has a total market value of $24.25 billion with the latest information. SQM stock price has been found in the range of $90.5701 to $96.50.

If compared to the average trading volume of 1.81M shares, SQM reached a trading volume of 3530822 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 $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 4.65, with the Price to Sales ratio for SQM stock in the period of the last 12 months amounting to 8.47. The Price to Book ratio for the last quarter was 8.55, with the Price to Cash per share for the same quarter was set at 9.51.

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 24.61. With this latest performance, SQM shares gained by 10.41% in over the last four-week period, additionally plugging by 52.69% over the last 6 months – not to mention a rise of 136.16% 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 72.25, with the RSI for the last a single of trading hit 80.06, and the three-weeks RSI is set at 67.65 for Sociedad Quimica y Minera de Chile S.A. [SQM]. The present Moving Average for the last 50 days of trading for this stock 80.52, while it was recorded at 88.46 for the last single week of trading, and 62.57 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 +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.

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%.

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

There are presently around $4,993 million, or 43.30% of SQM stock, in the hands of institutional investors. The top three institutional holders of SQM stocks are: FMR LLC with ownership of 6,144,299, which is approximately 9.055% of the company’s market cap and around 72.40% of the total institutional ownership; BLACKROCK INC., holding 4,894,481 shares of the stock with an approximate value of $441.53 million in SQM stocks shares; and MIRAE ASSET GLOBAL INVESTMENTS CO., LTD., currently with $309.08 million in SQM stock with ownership of nearly -1.836% 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 176 institutional holders increased their position in Sociedad Quimica y Minera de Chile S.A. [NYSE:SQM] by around 10,840,527 shares. Additionally, 121 investors decreased positions by around 9,116,977 shares, while 32 investors held positions by with 35,389,064 shares. The mentioned changes placed institutional holdings at 55,346,568 shares, according to the latest SEC report filing. SQM stock had 82 new institutional investments in for a total of 6,435,079 shares, while 38 institutional investors sold positions of 2,446,543 shares during the same period.

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