Sqm stock price rose in pre-market trading after a

SQM stock price rose in pre-market trading after a major investment firm upgraded the company to “Overweight,” citing strong margins in potassium and iodine segments alongside lithium. This diversification could lower earnings volatility. Overall, Sociedad Quimica Y Minera De Chile SA ( NYSE:SQM ) stock appears to be significantly undervalued. The company's financial condition is strong, and its profitability is robust. Its growth ranks better than 98.73% of 1338 companies in the Chemicals industry. For a detailed understanding of Sociedad Quimica Y Minera De Chile SA stock, you can check out its 30-Year Financials here. Sociedad Quimica y Minera de Chile SA (NYSE:SQM) is one of the top lithium stocks to buy now . On August 26, BofA Securities reiterated an ‘Underperform’ rating on the stock but increased the price target to $43.50 from $36.50. In the past week, SQM stock price has traded in a tight $47.80–$50.30 range, indicating consolidation. Short-term technical models show an ascending RSI, hinting at a possible bullish continuation if volume surpasses the 10-day moving average.