Sigma Lithium (NASDAQ:SGML) Releases Earnings Results, Misses Estimates By $0.14 EPS

Sigma Lithium (NASDAQ:SGML - Get Free Report) released its earnings results on Monday. The company reported ($0.08) earnings per share for the quarter, missing analysts' consensus estimates of $0.06 by ($0.14), Zacks reports. The business had revenue of $46.70 million during the quarter, compared to analysts' expectations of $71.77 million. Sigma Lithium had a negative return on equity of 38.04% and a negative net margin of 36.85%.

Sigma Lithium Trading Down 9.9 %

Sigma Lithium stock traded down $0.98 during midday trading on Thursday, hitting $8.94. 762,712 shares of the stock were exchanged, compared to its average volume of 750,044. 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 stock has a market capitalization of $994.83 million, a price-to-earnings ratio of -18.62 and a beta of 0.21. The stock's 50-day simple moving average is $11.26 and its 200 day simple moving average is $12.22. Sigma Lithium has a fifty-two week low of $8.47 and a fifty-two week high of $19.20.

Analyst Upgrades and Downgrades

Separately, Bank of America cut their price target on Sigma Lithium from $25.00 to $16.00 and set a "buy" rating for the company in a report on Tuesday, January 14th.

About Sigma Lithium

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.