Sociedad Quimica Y Minera de Chile S.A. ADR (NYSE: SQM) is 10.75% higher on its value in year-to-date trading and has touched a low of $32.24 and a high of $51.90 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The SQM stock was last observed hovering at around $40.06 in the last trading session, with the day’s gains setting it 0.21%.
Currently trading at $40.27, the stock is 6.36% and 5.08% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.19 million and changing 0.52% at the moment leaves the stock -1.93% off its SMA200. SQM registered -17.23% loss for a year compared to 6-month loss of -5.51%. The firm has a 50-day simple moving average (SMA 50) of $38.2842 and a 200-day simple moving average (SMA200) of $41.10745.
The stock witnessed a 2.44% gain in the last 1 month and extending the period to 3 months gives it a 0.05%, and is 2.55% 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 2.24% over the week and 2.47% over the month.
Sociedad Quimica Y Minera de Chile S.A. ADR (SQM) has around 7682 employees, a market worth around $5.75B and $4.77B in sales. Fwd P/E is 12.50. Profit margin for the company is -6.74%. Distance from 52-week low is 24.91% and -22.41% from its 52-week high. The company has generated returns on investments over the last 12 months (-3.60%).
The EPS is expected to shrink by -118.30% this year
The shares outstanding are 142.82M, and float is at 142.79M with Short Float at 5.09%.
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.
