Sociedad Quimica Y Minera de Chile S.A. ADR (NYSE: SQM)’s stock price has dropped by -0.65 in relation to previous closing price of 48.01. Nevertheless, the company has seen a gain of 4.08% in its stock price over the last five trading days. InvestorPlace reported 2024-05-07 that With the fallout in the electric vehicle sector, talking about the best lithium stocks to buy might seem premature. Nevertheless, lithium is more than just EVs.
Is It Worth Investing in Sociedad Quimica Y Minera de Chile S.A. ADR (NYSE: SQM) Right Now?
Sociedad Quimica Y Minera de Chile S.A. ADR (NYSE: SQM) has a price-to-earnings ratio that is above its average at 6.77x. The stock has a 36-month beta value of 1.08. Opinions on the stock are mixed, with 1 analysts rating it as a “buy,” 2 as “overweight,” 8 as “hold,” and 1 as “sell.”
The public float for SQM is 142.79M, and at present, short sellers hold a 3.17% of that float. On May 09, 2024, the average trading volume of SQM was 1.28M shares.
SQM’s Market Performance
SQM stock saw a decrease of 4.08% in the past week, with a monthly decline of -7.50% and a quarterly a decrease of 17.87%. The volatility ratio for the week is 2.61%, and the volatility levels for the last 30 days are 3.47% for Sociedad Quimica Y Minera de Chile S.A. ADR (SQM). The simple moving average for the past 20 days is 2.77% for SQM’s stock, with a -10.21% simple moving average for the past 200 days.
Analysts’ Opinion of SQM
Many brokerage firms have already submitted their reports for SQM stocks, with Jefferies repeating the rating for SQM by listing it as a “Buy.” The predicted price for SQM in the upcoming period, according to Jefferies is $62.80 based on the research report published on April 08, 2024 of the current year 2024.
Deutsche Bank, on the other hand, stated in their research note that they expect to see SQM reach a price target of $52, previously predicting the price at $58. The rating they have provided for SQM stocks is “Hold” according to the report published on January 11th, 2024.
SQM Trading at 0.15% from the 50-Day Moving Average
After a stumble in the market that brought SQM to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -41.47% of loss for the given period.
Volatility was left at 3.47%, however, over the last 30 days, the volatility rate increased by 2.61%, as shares sank -6.74% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +4.49% upper at present.
During the last 5 trading sessions, SQM rose by +4.08%, which changed the moving average for the period of 200-days by -33.94% in comparison to the 20-day moving average, which settled at $46.24. In addition, Sociedad Quimica Y Minera de Chile S.A. ADR saw -20.79% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for SQM
Current profitability levels for the company are sitting at:
- 0.39 for the present operating margin
- 0.42 for the gross margin
The net margin for Sociedad Quimica Y Minera de Chile S.A. ADR stands at 0.27. The total capital return value is set at 0.31. Equity return is now at value 38.60, with 17.87 for asset returns.
Based on Sociedad Quimica Y Minera de Chile S.A. ADR (SQM), the company’s capital structure generated 0.45 points at debt to capital in total, while cash flow to debt ratio is standing at 0.27. The debt to equity ratio resting at 0.81. The interest coverage ratio of the stock is 19.77.
Currently, EBITDA for the company is 3.17 billion with net debt to EBITDA at 1.15. When we switch over and look at the enterprise to sales, we see a ratio of 2.27. The receivables turnover for the company is 7.35for trailing twelve months and the total asset turnover is 0.64. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.50.
Conclusion
To sum up, Sociedad Quimica Y Minera de Chile S.A. ADR (SQM) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
