Sigma Lithium Co. (NASDAQ:SGML - Get Free Report) reached a new 52-week low during trading on Friday . The company traded as low as $7.43 and last traded at $7.72, with a volume of 613829 shares trading hands. The stock had previously closed at $8.94.
Analysts Set New Price Targets
Separately, Bank of America cut their target price on Sigma Lithium from $25.00 to $16.00 and set a "buy" rating for the company in a research report on Tuesday, January 14th.
Get Our Latest Stock Analysis on Sigma Lithium
Sigma Lithium Trading Up 17.5 %
The company has a debt-to-equity ratio of 0.02, a current ratio of 0.84 and a quick ratio of 0.72. The business has a fifty day moving average of $10.95 and a 200-day moving average of $12.11. The stock has a market capitalization of $957.00 million, a price-to-earnings ratio of -17.92 and a beta of 0.26.
Sigma Lithium (NASDAQ:SGML - Get Free Report) last announced its quarterly earnings data on Monday, March 31st. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.14). Sigma Lithium had a negative return on equity of 38.04% and a negative net margin of 36.85%. The business had revenue of $46.70 million during the quarter, compared to analyst estimates of $71.77 million. On average, equities analysts anticipate that Sigma Lithium Co. will post -0.12 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Sigma Lithium
A number of institutional investors and hedge funds have recently modified their holdings of SGML. GAMMA Investing LLC acquired a new position in shares of Sigma Lithium in the 1st quarter worth $139,000. Wealth Enhancement Advisory Services LLC purchased a new position in Sigma Lithium in the 4th quarter worth about $498,000. Woodline Partners LP raised its holdings in Sigma Lithium by 113.5% during the 4th quarter. Woodline Partners LP now owns 1,617,673 shares of the company's stock worth $18,150,000 after buying an additional 859,924 shares during the period. Sourcerock Group LLC lifted its stake in Sigma Lithium by 46.0% during the fourth quarter. Sourcerock Group LLC now owns 1,387,222 shares of the company's stock valued at $15,565,000 after buying an additional 437,010 shares in the last quarter. Finally, Squarepoint Ops LLC acquired a new position in shares of Sigma Lithium in the fourth quarter worth about $150,000. Institutional investors and hedge funds own 64.86% of the company's stock.
About Sigma Lithium
(
Get Free Report)
Sigma Lithium Corporation engages in the exploration and development of lithium deposits in Brazil. It holds a 100% interest in the Grota do Cirilo, Genipapo, Santa Clara, and São José properties comprising 29 mineral rights covering an area of approximately 185 square kilometers located in the Araçuaí and Itinga regions of the state of Minas Gerais, Brazil.
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