Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Sociedad Quimica y Minr de Chile SA(ADR) before investing.

In this article, we go over a few key elements for understanding Sociedad Quimica y Minr de Chile SA(ADR)’s stock price such as:

• Sociedad Quimica y Minr de Chile SA(ADR)’s current stock price and volume
• Why Sociedad Quimica y Minr de Chile SA(ADR)’s stock price changed recently
• Upgrades and downgrades for SQM from analysts
• SQM’s stock price momentum as measured by its relative strength

About Sociedad Quimica y Minr de Chile SA(ADR) (SQM)

Before we jump into Sociedad Quimica y Minr de Chile SA(ADR)’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

Sociedad Quimica y Minera de Chile S.A. (SQM), is a producer of potassium nitrate and iodine. The Company produces specialty plant nutrients, iodine derivatives, lithium and its derivatives, potassium chloride, potassium sulfate and certain industrial chemicals. Its segments include specialty plant nutrients, industrial chemicals, iodine and derivatives, lithium and derivatives, potassium, and other products and services. Specialty plant nutrients are fertilizers that enable farmers to improve yields and the quality of certain crops. Industrial chemicals have a range of applications in chemical processes, such as the manufacturing of glass and industrial nitrates. Iodine and its derivatives are used in the X-ray contrast media and biocides industries, among others. Lithium and its derivatives are used in batteries, greases and frits for production of ceramics. Potassium chloride is a commodity fertilizer that is produced and sold by the Company across the world.

Want to learn more about Sociedad Quimica y Minr de Chile SA(ADR)’s stock? Click the button below to subscribe to A+ Investor and get access to everything you need to know about Sociedad Quimica y Minr de Chile SA(ADR).

Sociedad Quimica y Minr de Chile SA(ADR)’s Stock Price as of Market Close

As of September 06, 2024, 4:00 PM, CST, Sociedad Quimica y Minr de Chile SA(ADR)’s stock price was $34.31.

Sociedad Quimica y Minr de Chile SA(ADR) is down 4.22% from its previous closing price of $35.82.

During the last market session, Sociedad Quimica y Minr de Chile SA(ADR)’s stock traded between $35.79 and $36.75. Currently, there are 285.62 million shares of Sociedad Quimica y Minr de Chile SA(ADR) stock available for purchase.

Sociedad Quimica y Minr de Chile SA(ADR)’s price-earnings (P/E) ratio is currently at 383.9, which is high compared to the Chemicals - Specialty industry median of 27.6. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Sociedad Quimica y Minr de Chile SA(ADR) Stock Price History

Sociedad Quimica y Minr de Chile SA(ADR)’s (SQM) price is currently down 11.57% so far this month.

During the month of September, Sociedad Quimica y Minr de Chile SA(ADR)’s stock price has reached a high of $37.94 and a low of $33.74.

Over the last year, Sociedad Quimica y Minr de Chile SA(ADR) has hit prices as high as $64.62 and as low as $32.24. Year to date, Sociedad Quimica y Minr de Chile SA(ADR)’s stock is down 57.03%.

Sign Up to Receive a Free Special Report Showing How A+ Grades Can Help You Make Smarter Investment Decisions

What Caused Sociedad Quimica y Minr de Chile SA(ADR) Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of September 05, 2024, there were 3 analysts who downgraded Sociedad Quimica y Minr de Chile SA(ADR)’s stock and 1 analyst who upgraded over the last month.

Additionally, you'll want to evaluate Sociedad Quimica y Minr de Chile SA(ADR)’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Sociedad Quimica y Minr de Chile SA(ADR)’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Sociedad Quimica y Minr de Chile SA(ADR)’s current valuation based on AAII’s Value Grade is a C, which means it is considered to be Average.

Learn how to evaluate stocks with AAII Grades and Scores with A+ Investor today.

Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Sociedad Quimica y Minr de Chile SA(ADR) (SQM) by visiting AAII Stock Evaluator.

Relative Price Strength of Sociedad Quimica y Minr de Chile SA(ADR)

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of September 05, 2024, Sociedad Quimica y Minr de Chile SA(ADR) has a weighted four-quarter relative price strength of -18.68%, which translates to a Momentum Score of 19 and is considered to be Very Weak.

Want to learn more about how Sociedad Quimica y Minr de Chile SA(ADR) is graded based on AAII’s composite scores for value, growth, quality and earnings estimate revisions? Subscribe to A+ Investor today.

Sociedad Quimica y Minr de Chile SA(ADR) Stock Price: Bottom Line

As of September 6, 2024, Sociedad Quimica y Minr de Chile SA(ADR)’s stock price is $34.31, which is down 4.22% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Sociedad Quimica y Minr de Chile SA(ADR) stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

Subscribing to AAII's A+ Investor provides access to comprehensive analytics and insights for confident investing.