Sigma Lithium Co. (NASDAQ:SGML - Get Free Report)'s stock price reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $7.05 and last traded at $8.60, with a volume of 2190984 shares changing hands. The stock had previously closed at $7.32.
Analysts Set New Price Targets
Separately, Bank of America reduced their target price on Sigma Lithium from $25.00 to $16.00 and set a "buy" rating on the stock in a report on Tuesday, January 14th.
Get Our Latest Stock Report on SGML
Sigma Lithium Price Performance
The stock has a fifty day moving average of $10.70 and a 200-day moving average of $11.97. The company has a quick ratio of 0.72, a current ratio of 0.84 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $905.25 million, a P/E ratio of -16.97 and a beta of 0.26.
Sigma Lithium (NASDAQ:SGML - Get Free Report) last released its quarterly earnings results on Monday, March 31st. The company reported ($0.08) EPS for the quarter, missing the consensus estimate of $0.06 by ($0.14). Sigma Lithium had a negative net margin of 36.85% and a negative return on equity of 38.04%. The company had revenue of $46.70 million for the quarter, compared to the consensus estimate of $71.77 million. Equities analysts predict that Sigma Lithium Co. will post -0.12 EPS for the current fiscal year.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the company. GAMMA Investing LLC acquired a new stake in Sigma Lithium in the first quarter worth $139,000. Aquatic Capital Management LLC bought a new stake in shares of Sigma Lithium in the fourth quarter worth about $27,000. Public Employees Retirement System of Ohio bought a new stake in shares of Sigma Lithium in the third quarter worth about $122,000. U S Global Investors Inc. raised its position in shares of Sigma Lithium by 233.3% during the fourth quarter. U S Global Investors Inc. now owns 10,000 shares of the company's stock worth $112,000 after purchasing an additional 7,000 shares during the period. Finally, Pictet Asset Management Holding SA acquired a new stake in Sigma Lithium during the 4th quarter worth approximately $142,000. Institutional investors 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.
Recommended Stories
Before you consider Sigma Lithium, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Sigma Lithium wasn't on the list.
While Sigma Lithium currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
