SQM Stock Recent News
SQM LATEST HEADLINES
Highlights • SQM reported total revenues for the three months ended March 31, 2024 of US$1,084.5 million compared to total revenues of US$2,263.9 million for the same period last year. • Net loss(1) for the three months ended March 31, 2024 of (US$869.5) million or (US$3.04) per share, compared to net income of US$749.9 million, US$2.63 per share for the same period last year.
The share prices of lithium miners are booming even as sales of lithium powered electric vehicles slow, a disconnection which should ring an alarm bell for investors.
Lithium prices may be bottoming out, creating a big opportunity for some of the top lithium stocks to buy now. For one, analysts at UBS and Goldman Sachs just cut their 2024 supply estimates by 33% and 26%, respectively, says Mining.com.
Of the few significant trends driving investor—and Wall Street—interest today is the race for electric vehicle (E.V.) domination.
The mean of analysts' price targets for SQM (SQM) points to a 26.6% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
The electric vehicle industry has had a difficult year. Valuations have tumbled as investors have begun to ask more questions about long-term pricing and competition within the industry.
The latest trading day saw SQM (SQM) settling at $48.99, representing a -0.35% change from its previous close.
Sociedad Quimica's (SQM) fourth-quarter results were hurt by lower average sales prices in the lithium business.
Lithium stocks are primed for a powerful rebound, positioning them for long-term gains. Moreover, the recent downturn in lithium stocks, on the back of fleeting oversupply, unveils a golden opportunity for investors.