Sigma Lithium (NASDAQ:SGML) Hits New 52-Week Low - Time to Sell?

Sigma Lithium Co. (NASDAQ:SGML - Get Free Report) shares hit a new 52-week low during trading on Friday . The stock traded as low as $7.43 and last traded at $7.72, with a volume of 613829 shares changing hands. The stock had previously closed at $8.94.

Analyst Ratings Changes

Separately, Bank of America dropped their target price on Sigma Lithium from $25.00 to $16.00 and set a "buy" rating on the stock in a research note on Tuesday, January 14th.

Sigma Lithium Stock Performance

The company has a current ratio of 0.84, a quick ratio of 0.72 and a debt-to-equity ratio of 0.02. The company has a market cap of $814.56 million, a PE ratio of -15.25 and a beta of 0.26. The firm's 50-day simple moving average is $11.09 and its two-hundred day simple moving average is $12.17.

Sigma Lithium (NASDAQ:SGML - Get Free Report) last released its earnings results 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). The firm had revenue of $46.70 million during the quarter, compared to analyst estimates of $71.77 million. Sigma Lithium had a negative net margin of 36.85% and a negative return on equity of 38.04%. As a group, research analysts anticipate that Sigma Lithium Co. will post -0.12 earnings per share for the current fiscal year.

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Institutional Trading of Sigma Lithium

Hedge funds have recently modified their holdings of the stock. GAMMA Investing LLC purchased a new stake in Sigma Lithium in the 1st quarter worth approximately $139,000. Wealth Enhancement Advisory Services LLC acquired a new stake in Sigma Lithium during the fourth quarter valued at $498,000. Woodline Partners LP increased its holdings in Sigma Lithium by 113.5% in the fourth quarter. Woodline Partners LP now owns 1,617,673 shares of the company's stock valued at $18,150,000 after buying an additional 859,924 shares in the last quarter. Sourcerock Group LLC boosted its stake in shares of Sigma Lithium by 46.0% during the 4th quarter. Sourcerock Group LLC now owns 1,387,222 shares of the company's stock worth $15,565,000 after acquiring an additional 437,010 shares in the last quarter. Finally, Squarepoint Ops LLC purchased a new stake in shares of Sigma Lithium during the 4th quarter worth about $150,000. Hedge funds and other institutional investors own 64.86% of the company's stock.

Sigma Lithium Company Profile

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.