SQM stock price today is 42.25 USD with a volume of 1,178,502. At the same time, its chart fluctuates between 41.52 USD – 43.19 USD. SQM stock price was a maximum of 60.74 USD and a minimum of 23.70 USD within 52 weeks. Its average volume is 2.35M and it is ranked 11,13B in the MarketCap listings.
Sociedad Química y Minera
Sociedad Quimica y Minera is the company that is responsible for the production and distribution of fertilizers, potassium nitrate, ion and lithium chemicals. It operates in segments such as Special Plant Nutrition, Iodine and Derivatives, Lithium and Derivatives, Industrial Chemicals, Potassium and Other Products and Services. The company which is based in Santiago, Chile was established on June 17, 1968.
The company is responsible for the production of the specialty plant foods segment, potassium nitrate, sodium nitrate, sodium potassium nitrate and special blends. The iodine and derivatives segment is used in a variety of medical, pharmaceutical, agricultural and industrial applications.
The lithium and its derivatives segment is used in many different areas such as batteries, electrochemical materials, ceramic and enamel industries, frits, heat resistant glass, air conditioning chemicals, steel extrusion, continuous casting powder and primary aluminum melting processes.
Industrial chemicals such as sodium nitrate, potassium nitrate and boric acid make up the industrial Chemicals segment. Potassium chloride and potassium sulfate production is provided by the potassium segment.
Finally, the other products and services segment deals with fertilizers and mixes.
About SQM Stock
SQM expenses are higher than stated by 91.23% of US stocks. With a debt growth of 57.12% over time, the SQM debt growth rate exceeded 86.71% of US stocks.
SQM stock price rose 0.38% from $ 42.09 to $ 42.25 on the last trading day, but the stock fell for 7 out of the last 10 days, which means a 23.68% decline. In terms of volume, 1 million stocks have decreased in the last day and this stocks has been traded for approximately 48.46 million dollars. The falling volume at higher prices causes the difference, and this could be an early signal in the next few days.
SQM stock is below a broad and falling trend in the short term. This indicates that it normally has good buying potential. If the $ 41.25 base breaks, it will show a stronger bearish rate, and when examining the current short-term trend, the SQM stock may drop by 9.88% over the next 3 months, in the range of $ 37.18-$ 49.01. SQM has support at $ 42.09 in accumulated volume and this level could be a buying opportunity as bullish is expected while testing support.
SQM stock is very volatile during the day and the forecast range in the Bollinger Band identifies it as high risk. The last day moved to $ 1.68 as 4.04%. This rate was 5.77% last week.
Should SQM Stock Be Purchased?
As with many high growth industries, it is difficult to set an affordable price for SQM stock. On the one hand, it is a low-cost miner with significant market share in many commodities and has done a relatively good job of generating returns for investors. It also has a great growth opportunity in the next decade due to the growing demand for lithium. It is also trading at a relatively high valuation for a company whose shares are tied to commodity prices, even if it is a low-cost producer of these goods.
As we mentioned above, Sociedad Quimica y Minera stock has few negative signals and is in a very broad and falling trend. So it may still perform poorly in the next few days or weeks. A stock that needs a little more monitoring and holding. SQM stock is not among the top 10 stocks prepared by award-winning analysts for investors.
You should do your own research. This content is not created for financial advice.