Sigma Lithium Co. (NASDAQ:SGML - Get Free Report) shares gapped up prior to trading on Friday . The stock had previously closed at $8.26, but opened at $8.47. Sigma Lithium shares last traded at $8.09, with a volume of 60,611 shares trading hands.
Analyst Upgrades and Downgrades
Separately, Bank of America dropped their price objective 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 Analysis on Sigma Lithium
Sigma Lithium Stock Performance
The company's fifty day simple moving average is $10.07 and its two-hundred day simple moving average is $11.62. The company has a market capitalization of $912.50 million, a price-to-earnings ratio of -17.08 and a beta of 0.26. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.72 and a current ratio of 0.84.
Sigma Lithium (NASDAQ:SGML - Get Free Report) last posted its quarterly earnings results on Monday, March 31st. The company reported ($0.08) EPS for the quarter, missing analysts' consensus estimates 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 firm had revenue of $46.70 million during the quarter, compared to analyst estimates of $71.77 million. Equities research analysts predict that Sigma Lithium Co. will post -0.12 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Sigma Lithium
Several institutional investors and hedge funds have recently made changes to their positions in the company. Bank Julius Baer & Co. Ltd Zurich raised its stake in Sigma Lithium by 203.6% during the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 2,183,675 shares of the company's stock worth $24,501,000 after acquiring an additional 1,464,475 shares during the period. Norges Bank acquired a new position in Sigma Lithium during the 4th quarter valued at approximately $28,050,000. American Century Companies Inc. bought a new position in Sigma Lithium during the 4th quarter worth $408,000. State Street Corp acquired a new stake in Sigma Lithium in the third quarter worth $1,831,000. Finally, CenterBook Partners LP bought a new stake in Sigma Lithium in the fourth quarter valued at $1,722,000. 64.86% of the stock is owned by institutional investors and hedge funds.
Sigma Lithium Company Profile
(
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.
See Also
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
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
