This is What Makes Sociedad Quimica Y Minera de Chile S.A. ADR Stocks A Gamechanger?

At the time of writing, Sociedad Quimica Y Minera de Chile S.A. ADR [SQM] stock is trading at $49.51, up 2.93%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The SQM shares have gain 3.12% over the last week, with a monthly amount glided 5.45%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Sociedad Quimica Y Minera de Chile S.A. ADR [NYSE: SQM] stock has seen the most recent analyst activity on April 08, 2024, when Jefferies upgraded its rating to a Buy and also boosted its price target to $62.80 from $52. Previously, Deutsche Bank downgraded its rating to Hold on January 11, 2024, and dropped its price target to $52. On December 15, 2023, upgrade upgraded it’s rating to Neutral. Scotiabank upgraded its rating to a Sector Outperform but stick to its price target of $84 on October 26, 2023. BofA Securities downgraded its rating to a Underperform and reduced its price target to $59 on October 18, 2023. Citigroup started tracking with a Buy rating for this stock on September 13, 2023, and assigned it a price target of $85. In a note dated May 19, 2023, Goldman initiated an Sell rating and provided a target price of $60 on this stock.

For the past year, the stock price of Sociedad Quimica Y Minera de Chile S.A. ADR fluctuated between $38.50 and $81.50. Currently, Wall Street analysts expect the stock to reach $88.9 within the next 12 months. Sociedad Quimica Y Minera de Chile S.A. ADR [NYSE: SQM] shares were valued at $49.51 at the most recent close of the market. An investor can expect a potential return of 79.56% based on the average SQM price forecast.

Analyzing the SQM fundamentals

According to Sociedad Quimica Y Minera de Chile S.A. ADR [NYSE:SQM], the company’s sales were 7.47B for trailing twelve months, which represents an -58.14% plunge. Gross Profit Margin for this corporation currently stands at 0.42% with Operating Profit Margin at 0.39%, Pretax Profit Margin comes in at 0.38%, and Net Profit Margin reading is 0.27%. To continue investigating profitability, this company’s Return on Assets is posted at 0.17, Equity is 0.38 and Total Capital is 0.31. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.81.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 48.71 points at the first support level, and at 47.92 for the second support level. However, for the 1st resistance point, the stock is sitting at 49.99, and for the 2nd resistance point, it is at 50.48.

Sociedad Quimica Y Minera de Chile S.A. ADR [SQM] reported earnings per share of $0.71 for its fiscal quarter that ended on 12/31/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.16/share, meaning a difference of -$0.45 and a surprise factor of -38.80%. By comparison, the stated earnings for the previous quarter ended on 9/30/2023 were $1.68 per share as compared to estimates of $2.11 per share, a difference of -$0.43 representing a surprise of -20.40%.

Ratios To Look Out For

It is important to note that Sociedad Quimica Y Minera de Chile S.A. ADR [NYSE:SQM] has a current ratio of 2.50. In addition, the Quick Ratio stands at 1.74 and the Cash Ratio stands at 0.44. Considering the valuation of this stock, the price to sales ratio is 0.95, the price to book ratio is 2.55 and price to earnings (TTM) ratio is 7.03.

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