The stock of Sociedad Quimica Y Minera de Chile S.A. ADR (NYSE: SQM) has increased by 4.27 when compared to last closing price of 37.20. Despite this, the company has experienced a 3.41% gain in its stock price over the last five trading sessions. seekingalpha.com reported 2024-08-22 that Sociedad Química y Minera de Chile S.A. (NYSE:SQM ) Q2 2024 Results Conference Call August 22, 2024 12:00 PM ET Company Participants Irina Axenova – Head of IR Ricardo Ramos – Chief Executive Officer Felipe Smith – Commercial Vice President of SQM Salar Carlos Diaz – CEO of SQM Salar Mark Fones – CEO of SQM International Lithium Gerardo Illanes – Chief Financial Officer Pablo Hernandez – Senior Director of Business Strategy and Development, SQM Salar Pablo Altimiras – CEO of Iodine & Nitrates Juan Pablo Bellolio – Commercial Vice President of Iodine and Industrial Chemicals Conference Call Participants Apurva Kilambi – Scotiabank Isabella Simonato – Bank of America Lucas Ferreira – JPMorgan Alejandro Demichelis – Jefferies Santhosh Seshadri – HSBC Marcio Filho – Goldman Sachs Cesar Perez-Novoa – BTG Pactual Corinne Blanchard – Deutsche Bank Camilla Barder – Bradesco Operator Good afternoon, and welcome to the SQM Second Quarter 2024 Earnings Conference Call.
Is It Worth Investing in Sociedad Quimica Y Minera de Chile S.A. ADR (NYSE: SQM) Right Now?
The price-to-earnings ratio for Sociedad Quimica Y Minera de Chile S.A. ADR (NYSE: SQM) is above average at 416.20x, Company’s 36-month beta value is 1.04.Analysts have differing opinions on the stock, with 1 analysts rating it as a “buy,” 2 as “overweight,” 8 as “hold,” and 1 as “sell.”
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The public float for SQM is 142.79M, and currently, short sellers hold a 5.27% ratio of that floaft. The average trading volume of SQM on August 30, 2024 was 1.00M shares.
SQM’s Market Performance
The stock of Sociedad Quimica Y Minera de Chile S.A. ADR (SQM) has seen a 3.41% increase in the past week, with a 1.92% rise in the past month, and a -17.03% fall in the past quarter. The volatility ratio for the week is 3.33%, and the volatility levels for the past 30 days are at 4.02% for SQM. The simple moving average for the last 20 days is 6.14% for SQM stock, with a simple moving average of -15.68% for the last 200 days.
Analysts’ Opinion of SQM
Berenberg, on the other hand, stated in their research note that they expect to see SQM reach a price target of $35. The rating they have provided for SQM stocks is “Hold” according to the report published on July 31st, 2024.
Jefferies gave a rating of “Buy” to SQM, setting the target price at $62.80 in the report published on April 08th of the current year.
SQM Trading at -0.19% 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 -39.97% of loss for the given period.
Volatility was left at 4.02%, however, over the last 30 days, the volatility rate increased by 3.33%, as shares surge +5.90% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -6.67% lower at present.
During the last 5 trading sessions, SQM rose by +3.41%, which changed the moving average for the period of 200-days by -17.24% in comparison to the 20-day moving average, which settled at $36.65. In addition, Sociedad Quimica Y Minera de Chile S.A. ADR saw -35.59% 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:
- 0.31 for the present operating margin
- 0.34 for the gross margin
The net margin for Sociedad Quimica Y Minera de Chile S.A. ADR stands at 0.0. The total capital return value is set at 0.2. Equity return is now at value 0.54, with 0.25 for asset returns.
Based on Sociedad Quimica Y Minera de Chile S.A. ADR (SQM), the company’s capital structure generated 0.48 points at debt to capital in total, while cash flow to debt ratio is standing at 0.12. The debt to equity ratio resting at 0.91. The interest coverage ratio of the stock is 8.53.
Currently, EBITDA for the company is 3.17 billion with net debt to EBITDA at 1.78. When we switch over and look at the enterprise to sales, we see a ratio of 2.62. The receivables turnover for the company is 4.7for trailing twelve months and the total asset turnover is 0.51. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.19.
Conclusion
In a nutshell, Sociedad Quimica Y Minera de Chile S.A. ADR (SQM) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
