SQM Stock Summary and Trading Ideas (Sociedad Quimica Y Minera S.A. | NYSE:SQM)

Sociedad Quimica y Minera de Chile is a Chilean commodities producer with significant operations in lithium (primarily used in batteries for electric vehicles and energy storage systems), specialty and standard potassium fertilizers, iodine (primarily used in X-ray contrast media), and solar salts. The company extracts these materials through its high-quality salt brine deposits and caliche ore. SQM is also developing a hard rock lithium project in Australia and is growing its lithium refining assets in China.

Sociedad Quimica Y Minera S.A. trades on the NYSE stock market under the symbol SQM.

As of April 26, 2024, SQM stock price climbed to $44.14 with 836,593 million shares trading.

SQM has a beta of 0.99, meaning it tends to be less sensitive to market movements. SQM has a correlation of 0.05 to the broad based SPY ETF.

SQM has a market cap of $11.62 billion. This is considered a Large Cap stock.

In the last 3 years, SQM stock traded as high as $115.76 and as low as $38.50.

The top ETF exchange traded funds that SQM belongs to (by Net Assets): LIT, FRDM, ILF, REMX, VWO.

SQM has underperformed the market in the last year with a price return of -25.8% while the SPY ETF gained +26.8%. SQM has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -6.6% and -13.7%, respectively, while the SPY returned +4.5% and -1.9%, respectively.

SQM support price is $42.26 and resistance is $44.76 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that SQM stock will trade within this expected range on the day.