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 developing a hard rock lithium project in Australia and expanding its lithium refining assets in China.

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

As of January 6, 2025, SQM stock price climbed to $38.55 with 1,455,583 million shares trading.

SQM has a beta of 0.80, 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 $11.01 billion. This is considered a Large Cap stock.

Last quarter Sociedad Quimica Y Minera S.A. reported $1 billion in Revenue and $.46 earnings per share. This fell short of revenue expectation by $-10 million and missed earnings estimates by -$.20.

In the last 3 years, SQM traded as high as $115.76 and as low as $32.24.

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

SQM has underperformed the market in the last year with a return of -32.8%, while the SPY ETF gained +28.5%. In the last 3 month period, SQM fell short of the market, returning -4.7%, while SPY returned +5.2%. However, in the most recent 2 weeks SQM has outperformed the stock market by returning +3.4%, while SPY returned +0.7%.

SQM support price is $36.01 and resistance is $37.40 (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 shares will trade within this expected range on the day.