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Sociedad Quimica Y Minera de Chile S.A. ADR (SQM) – Don’t Be So Quick to Call it Dead

Sociedad Quimica Y Minera de Chile S.A. ADR (NYSE: SQM) is -31.50% lower on its value in year-to-date trading and has touched a low of $32.24 and a high of $64.62 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The SQM stock was last observed hovering at around $38.45 in the last trading session, with the day’s gains setting it 2.8%.

Currently trading at $41.25, the stock is 10.45% and 10.49% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.46 million and changing 7.28% at the moment leaves the stock -7.86% off its SMA200. SQM registered -25.82% loss for a year compared to 6-month loss of -14.93%. The firm has a 50-day simple moving average (SMA 50) of $37.34 and a 200-day simple moving average (SMA200) of $44.71875.

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The stock witnessed a 9.80% gain in the last 1 month and extending the period to 3 months gives it a -0.55%, and is 7.96% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.18% over the week and 3.27% over the month.

Sociedad Quimica Y Minera de Chile S.A. ADR (SQM) has around 7682 employees, a market worth around $5.89B and $5.53B in sales. Current P/E ratio is 442.60 and Fwd P/E is 8.99. Profit margin for the company is 0.48%. Distance from 52-week low is 27.95% and -36.17% from its 52-week high. The company has generated returns on investments over the last 12 months (0.34%).

Sociedad Quimica Y Minera de Chile S.A. ADR quarterly earnings per share for the current quarter are estimated at 0.79 with sales reaching $1.11B over the same period.The EPS is expected to shrink by -111.80% this year, but quarterly earnings will post -37.30% year-over-year. Quarterly sales are estimated to shrink -39.50% in year-over-year returns.

The shares outstanding are 142.82M, and float is at 142.79M with Short Float at 5.08%.

The top institutional shareholder in the company is GRANTHAM, MAYO, VAN OTTERLOO & CO. LLC with over 2.43 million shares valued at $98.89 million. The investor’s holdings represent 0.8496 of the SQM Shares outstanding. As of 2024-06-30, the second largest holder is SCHRODER INVESTMENT MANAGEMENT GROUP with 2.22 million shares valued at $90.36 million to account for 0.7763 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 1.94 million shares representing 0.6792 and valued at over $79.06 million, while LAZARD ASSET MANAGEMENT LLC holds 0.6714 of the shares totaling 1.92 million with a market value of $78.15 million.

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