Sigma Lithium Co. (NASDAQ:SGML - Get Free Report) was the recipient of unusually large options trading on Friday. Stock investors purchased 2,598 put options on the company. This is an increase of 99% compared to the typical volume of 1,306 put options.
Sigma Lithium Stock Down 1.6 %
Shares of SGML traded down $0.21 during midday trading on Friday, reaching $12.94. 2,340,594 shares of the stock were exchanged, compared to its average volume of 1,017,172. Sigma Lithium has a 52 week low of $8.47 and a 52 week high of $34.31. The company has a current ratio of 1.05, a quick ratio of 0.96 and a debt-to-equity ratio of 0.02. The company's 50 day moving average is $12.87 and its two-hundred day moving average is $12.81. The company has a market capitalization of $1.44 billion, a P/E ratio of 143.78 and a beta of 0.16.
Sigma Lithium (NASDAQ:SGML - Get Free Report) last released its quarterly earnings data on Thursday, August 15th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.13 by ($0.23). The business had revenue of $45.94 million for the quarter, compared to the consensus estimate of $69.70 million. Sigma Lithium had a net margin of 4.28% and a return on equity of 6.18%. On average, sell-side analysts anticipate that Sigma Lithium will post 0.05 earnings per share for the current year.
Hedge Funds Weigh In On Sigma Lithium
A number of large investors have recently made changes to their positions in the business. Point72 DIFC Ltd purchased a new position in shares of Sigma Lithium in the second quarter worth about $48,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Sigma Lithium in the 2nd quarter valued at $107,000. Public Employees Retirement System of Ohio acquired a new stake in shares of Sigma Lithium in the third quarter valued at about $122,000. Y Intercept Hong Kong Ltd acquired a new position in shares of Sigma Lithium during the 3rd quarter worth approximately $299,000. Finally, Tidal Investments LLC increased its holdings in shares of Sigma Lithium by 65.9% in the first quarter. Tidal Investments LLC now owns 44,241 shares of the company's stock valued at $573,000 after purchasing an additional 17,566 shares during the last quarter. 64.86% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Separately, BMO Capital Markets reduced their price target on shares of Sigma Lithium from $25.00 to $20.00 and set an "outperform" rating on the stock in a research note on Monday, August 19th.
Check Out Our Latest Research Report on SGML
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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