Sociedad Quimica Y Minera de Chile S.A. ADR (SQM) stock forecast: Can it reach its 52-week high of $66.45

A share price of Sociedad Quimica Y Minera de Chile S.A. ADR [SQM] is currently trading at $38.45, up 3.17%. 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 7.82% over the last week, with a monthly amount drifted -0.72%, 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 August 09, 2024, when Goldman upgraded its rating to a Buy. Previously, Berenberg started tracking the stock with Hold rating on July 31, 2024, and set its price target to $35. On April 08, 2024, upgrade upgraded it’s rating to Buy and revised its price target to $62.80 on the stock. Deutsche Bank downgraded its rating to a Hold and decreased its price target to $52 on January 11, 2024. Goldman upgraded its rating to a Neutral. Scotiabank upgraded its rating to Sector Outperform for this stock on October 26, 2023, but kept the price target unchanged to $84. In a note dated October 18, 2023, BofA Securities downgraded an Underperform rating on this stock and revised its target price from $69 to $59.

Sociedad Quimica Y Minera de Chile S.A. ADR experienced fluctuations in its stock price throughout the past year between $32.24 and $66.45. Currently, Wall Street analysts expect the stock to reach $48.72 within the next 12 months. Sociedad Quimica Y Minera de Chile S.A. ADR [NYSE: SQM] shares were valued at $38.45 at the most recent close of the market. An investor can expect a potential return of 26.71% based on the average SQM price forecast.

Analyzing the SQM fundamentals

Trailing Twelve Months sales for Sociedad Quimica Y Minera de Chile S.A. ADR [NYSE:SQM] were 5.53B which represents -36.95% decline. Gross Profit Margin for this corporation currently stands at 0.34% with Operating Profit Margin at 0.31%, Pretax Profit Margin comes in at 0.28%, and Net Profit Margin reading is 0.0%. To continue investigating profitability, this company’s Return on Assets is posted at 0.0, Equity is 0.01 and Total Capital is 0.2. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.91.

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 37.41 points at the first support level, and at 36.38 for the second support level. However, for the 1st resistance point, the stock is sitting at 39.01, and for the 2nd resistance point, it is at 39.58.

Ratios To Look Out For

To put it in perspective, the Current Ratio for Sociedad Quimica Y Minera de Chile S.A. ADR [NYSE:SQM] is 2.19. In addition, the Quick Ratio stands at 1.47 and the Cash Ratio stands at 0.43. Considering the valuation of this stock, the price to sales ratio is 0.99, the price to book ratio is 1.11 and price to earnings (TTM) ratio is 412.55.

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