While Sociedad Quimica Y Minera de Chile S.A. ADR has overperformed by 5.08%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, SQM fell by -34.83%, with highs and lows ranging from $85.52 to $38.50, whereas the simple moving average fell by -12.37% in the last 200 days.
On January 11, 2024, Deutsche Bank Downgraded Sociedad Quimica Y Minera de Chile S.A. ADR (NYSE: SQM) to Hold. A report published by Goldman on December 15, 2023, Upgraded its rating to ‘Neutral’ for SQM. Scotiabank also Upgraded SQM shares as ‘Sector Outperform’, setting a target price of $84 on the company’s shares in a report dated October 26, 2023. BofA Securities October 18, 2023d the rating to Underperform on October 18, 2023, and set its price target from $69 to $59. Citigroup initiated its ‘Buy’ rating for SQM, as published in its report on September 13, 2023. Goldman’s report from May 19, 2023 suggests a price prediction of $60 for SQM shares, giving the stock a ‘Sell’ rating. Scotiabank also rated the stock as ‘Sector Perform’.
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Analysis of Sociedad Quimica Y Minera de Chile S.A. ADR (SQM)
Investors in Sociedad Quimica Y Minera de Chile S.A. ADR will get a return regardless of how the company performs over the next quarter since the company’s dividend stands at $5.02 per share. Further, the quarter-over-quarter decrease in sales is -58.14%, showing a negative trend in the upcoming months.
One of the most important indicators of Sociedad Quimica Y Minera de Chile S.A. ADR’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of 38.60% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.74, 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.
For any stock, average volume can also provide valuable insight into volatility, and SQM is recording 1.58M average volume. On a monthly basis, the volatility of the stock is set at 3.88%, whereas on a weekly basis, it is put at 3.86%, with a gain of 0.08% over the past seven days. Furthermore, long-term investors anticipate a median target price of $68.62, showing growth from the present price of $50.51, 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. ADR Shares?
The Specialty Chemicals market is dominated by Sociedad Quimica Y Minera de Chile S.A. ADR (SQM) based in the Chile. When comparing Sociedad Quimica Y Minera de Chile S.A. ADR 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 7.17, there is a growth in quarterly earnings of -82.35%.
Along with the fundamentals, it is also important to consider how many employees own shares of 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 0.02%. 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 25.57% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
SQM shares are owned by institutional investors to the tune of 25.57% at present.
