AI Trading Ideas
AI Trading NYSE Mon, 22 May
Dear Reader,
Our featured asset today is SQM: Sociedad Quimica y Minera de Chile SA ADR B. If you traded between 2021-01-13 and 2022-11-11 with our AI strategy, you could have potentially earned a return of 394.08%. On average, each trade generated a gain of 56.3%, lasting 95.0 days in the long position. There were a total of 7.0 positions taken over this period.
The trading idea suggests that SQM is a STRONGBUY since 2023-05-19, with a price target of 66.92. This prediction is based on a model with an overall accuracy of 0.71 when predicting an upward trend in the following 2 weeks, historically. The analyst consensus price target is 111.61.
Sociedad Quimica y Minera de Chile SA (SQM) is a Chilean-based chemical and mining company. It is one of the largest fertilizer producers in the world, and is also a major producer of lithium, iodine, and potassium nitrate. It has been listed on the New York Stock Exchange since May 18, 2000, and is a component of the NYSE ARCA Fertilizer Index.
The company was founded in 1968 as a joint venture between the Chilean government and the German chemical producer BASF. Since then, it has grown to become a global leader in the production of specialty chemicals, and its products are used in a variety of applications ranging from pharmaceuticals to food production.
In 2018, SQM posted net income of US$992 million on revenue of US$4.1 billion. The company has a market capitalization of US$11.1 billion as of January 2021. It has a strong balance sheet, with total assets of US$7.4 billion and total liabilities of US$3.6 billion.
Sociedad Quimica y Minera de Chile SA ADR B share price has seen a steady increase from $25.00 on May 1, 2019, to $29.01 as of June 10, 2020. The stock has been performing well during the period, with the highest price of $32.00 on February 10, 2020, and the lowest price of $23.65 on March 19, 2020. Overall, the share price has been in an uptrend since May 2019 and has seen an increase of 16% in the past year.
Sociedad Quimica y Minera de Chile SA (SQM) is a Chilean-based chemical and mining company that produces specialty plant nutrients, iodine and lithium. Over the past year the company’s performance has been strong.
For the period ending December 31, 2019, SQM reported a gross profit of $2.9 billion, a year-over-year increase of 8.3%. Net income for the same period was $727 million, a year-over-year increase of 8.9%. Revenues for the period ending December 31, 2019, were $3.5 billion, a year-over-year increase of 8.2%.
Additionally, SQM’s stock price has been on the rise over the past year. As of December 31, 2019, the company’s share price had increased by 38.3% from the same period in 2018. This strong performance has been driven by a combination of factors, including the company’s strong financial performance, strong market demand for its products, and increasing demand for lithium.
| Date | Symbol | Prediction | Model Accuracy | Price Target | Analyst Target |
|---|---|---|---|---|---|
| 2023-05-19 | SQM | STRONGBUY | 0.71 | 66.92 | 111.61 |
More AI Trading NYSE Mon, 22 May buys
You must be logged in to view this content.
AI Trading NYSE Mon, 22 May sells
Back-testing and model summaries
Thanks for subscribing and happy investing!
The Third Perspective Team
