At the time of writing, Sociedad Quimica Y Minera de Chile S.A. ADR [SQM] stock is trading at $35.98, up 3.51%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The SQM shares have lost -1.77% over the last week, with a monthly amount drifted -13.55%, and not 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 July 31, 2024, when Berenberg initiated its Hold rating and assigned the stock a price target of $35. Previously, Jefferies upgraded its rating to Buy on April 08, 2024, and elevated its price target to $62.80. On January 11, 2024, downgrade downgraded it’s rating to Hold and revised its price target to $52 on the stock. Goldman upgraded its rating to a Neutral. Scotiabank upgraded its rating to a Sector Outperform but $84 remained the price target by the analyst firm on October 26, 2023. BofA Securities downgraded its rating to Underperform for this stock on October 18, 2023, and downed its price target to $59. In a note dated September 13, 2023, Citigroup initiated an Buy rating and provided a target price of $85 on this stock.
For the past year, the stock price of Sociedad Quimica Y Minera de Chile S.A. ADR fluctuated between $32.24 and $70.90. Currently, Wall Street analysts expect the stock to reach $51.95 within the next 12 months. Sociedad Quimica Y Minera de Chile S.A. ADR [NYSE: SQM] shares were valued at $35.98 at the most recent close of the market. An investor can expect a potential return of 44.39% 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 6.29B for trailing twelve months, which represents an -52.09% plunge. Gross Profit Margin for this corporation currently stands at 0.39% with Operating Profit Margin at 0.35%, Pretax Profit Margin comes in at 0.33%, and Net Profit Margin reading is 0.06%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.08 and Total Capital is 0.27. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.96.
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 35.14 points at the first support level, and at 34.31 for the second support level. However, for the 1st resistance point, the stock is sitting at 36.67, and for the 2nd resistance point, it is at 37.37.
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 2.34. As well, the Quick Ratio is 1.61, while the Cash Ratio is 0.55. Considering the valuation of this stock, the price to sales ratio is 0.82, the price to book ratio is 2.21 and price to earnings (TTM) ratio is 26.13.
