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 May 8, 2024, SQM stock price declined to $47.47 with 485,415 million shares trading.

SQM has a beta of 0.88, 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 $12.49 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 stock has underperformed the market in the last year with a return of -22.3%, while SPY returned +26.9%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in SQM shares. However, SQM has outperformed the market in the last 3 month and 2 week periods, returning +17.3% and +6.0%, while SPY returned +4.1% and +2.2%, respectively. This indicates SQM has been having a stronger performance recently.

SQM support price is $46.62 and resistance is $49.40 (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 stock will trade within this expected range on the day.