Sociedad Quimica y Minera de Chile S.A. (NYSE:SQM) marked $94.74 per share on Thursday, down from a previous closing price of $94.95. While Sociedad Quimica y Minera de Chile S.A. has underperformed by -0.22%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, SQM rose by 101.71%, with highs and lows ranging from $115.76 to $44.88, whereas the simple moving average jumped by 30.77% in the last 200 days.
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On March 31, 2022, Morgan Stanley Downgraded Sociedad Quimica y Minera de Chile S.A. (NYSE: SQM) to Underweight. A report published by Loop Capital on January 25, 2022, Initiated its previous ‘Buy’ rating for SQM. Morgan Stanley also Upgraded SQM shares as ‘Equal-Weight’, setting a target price of $58 on the company’s shares in a report dated January 13, 2022. BofA Securities December 20, 2021d the rating to Underperform on December 20, 2021, and set its price target from $67 to $50. JP Morgan initiated its ‘Overweight’ rating for SQM, as published in its report on October 26, 2021. BofA Securities’s report from September 29, 2021 suggests a price prediction of $67 for SQM shares, giving the stock a ‘Neutral’ rating. Morgan Stanley also rated the stock as ‘Underweight’.
Analysis of Sociedad Quimica y Minera de Chile S.A. (SQM)
SQM currently pays a dividend of $3.00 per share, which means investors will get a return regardless of the company’s performance over the next few months. Further, the quarter-over-quarter increase in sales is 282.20%, showing a positive trend in the upcoming months.
In order to gain a clear picture of Sociedad Quimica y Minera de Chile S.A.’s future performance, a variety of well-rounded analysis and research techniques can be applied, with equity being the most critical. The goal here is to ensure that your current return on equity of 40.80% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.90, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
An average volume of 1.85M can be a very valuable indicator of volatility for SQM stock. On a monthly basis, the volatility of the stock is set at 4.16%, whereas on a weekly basis, it is put at 3.53%, with a loss of -2.59% over the past seven days. Furthermore, long-term investors anticipate a median target price of $104.74, showing growth from the present price of $94.74, which can serve as yet another indication of whether SQM is worth investing in or should be passed over.
How Do You Analyze Sociedad Quimica y Minera de Chile S.A. Shares?
The Chile based company Sociedad Quimica y Minera de Chile S.A. (SQM) is one of the biggest names in Chemicals. When comparing Sociedad Quimica y Minera de Chile S.A. shares with other companies under Basic Materials, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 20.60, there is a growth in quarterly earnings of 979.50%.
In addition to the fundamentals, you should also consider how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 72.40%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 42.20% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
Are institutional investors increasing their holdings in SQM shares?
The recent increase in stakes in SQM appears to be a result of several institutional investors and hedge funds increasing their positions. Fidelity Management & Research Co’s position in SQM has increased by 2.09% in the first quarter. The company now owns 4,897,788 shares of the stock, with a value of $409.11 million, following the purchase of 100,036 additional shares during the last quarter. BlackRock Investment Management made another increased to its shares in SQM during the first quarter, upping its stake by 1.03%. During the last quarter, the company dropped down 34,628 additional shares for a total stake of worth $284.7 million, bringing number of shares owned by the company to 3,408,368.
During the first quarter, Global X Management Co. LLC subtracted a -403,490 position in SQM. RWC Asset Advisors sold an additional -1.5 million shares in the last quarter, decreasing its holdings by -37.32%, now holding 2.53 million shares worth $210.98 million. At the end of the first quarter, Robeco Schweiz AG decreased its SQM holdings by -4.95% and now holds 2.3 million SQM shares valued at $192.47 million with the lessened -0.12 million shares during the period. SQM shares are owned by institutional investors to the tune of 42.20% at present.