Sigma Lithium (SGML) Stock Price, News & Analysis

Company Overview

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. It serves electric vehicle industries worldwide. The company was formerly known as Sigma Lithium Resources Corporation and changed its name to Sigma Lithium Corporation in July 2021. The company is headquartered in São Paulo, Brazil.

Key Stats

• Today's Range: $12.87 to $13.35
• 50-Day Range: $8.69 to $13.87
• 52-Week Range: $8.47 to $34.31
• Volume: 850,849 shs
• Average Volume: 1.04 million shs
• Market Capitalization: $1.44 billion
• P/E Ratio: 144.78
• Dividend Yield: N/A
• Price Target: $24.50
• Consensus Rating: Buy

Sigma Lithium Stock Analysis - MarketRank™

Sigma Lithium scored higher than 68% of companies evaluated by MarketBeat, and ranked 300th out of 665 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.5 / 5
• Analyst Rating: Buy

Consensus Rating

Sigma Lithium has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Sigma Lithium has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Sigma Lithium is 144.78, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 135.66.

Price to Earnings Ratio vs. Sector

The P/E ratio of Sigma Lithium is 144.78, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 265.43.

Price to Book Value per Share Ratio

Sigma Lithium has a P/B Ratio of 9.05. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

20.47% of the float of Sigma Lithium has been sold short.

Short Interest Ratio / Days to Cover

Sigma Lithium has a short interest ratio ("days to cover") of 12.4, which indicates bearish sentiment.

Change versus previous month

Short interest in Sigma Lithium has recently decreased by 8.93%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Sigma Lithium does not currently pay a dividend.

Dividend Growth

Sigma Lithium does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

20.47% of the float of Sigma Lithium has been sold short.

Short Interest Ratio / Days to Cover

Sigma Lithium has a short interest ratio ("days to cover") of 12.4, which indicates bearish sentiment.

Change versus previous month

Short interest in Sigma Lithium has recently decreased by 8.93%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 4.1 / 5
• News Sentiment: 1.45

News Sentiment

Sigma Lithium has a news sentiment score of 1.45. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.63 average news sentiment score of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 7 news articles for Sigma Lithium this week, compared to 3 articles on an average week.

Search Interest

5 people have searched for SGML on MarketBeat in the last 30 days. This is an increase of 67% compared to the previous 30 days.

MarketBeat Follows

13 people have added Sigma Lithium to their MarketBeat watchlist in the last 30 days. This is an increase of 86% compared to the previous 30 days.

Company Ownership

• Score: 3.3 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Sigma Lithium insiders have not sold or bought any company stock.

Percentage Held by Insiders

48.60% of the stock of Sigma Lithium is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

64.86% of the stock of Sigma Lithium is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

SGML Stock Analysis - Frequently Asked Questions

How have SGML shares performed this year?

Sigma Lithium's stock was trading at $31.53 at the beginning of the year. Since then, SGML shares have decreased by 58.7% and is now trading at $13.03.
View the best growth stocks for 2024 here.

How were Sigma Lithium's earnings last quarter?

Sigma Lithium Co. (NASDAQ:SGML) issued its earnings results on Thursday, August, 15th. The company reported ($0.10) EPS for the quarter, missing analysts' consensus estimates of $0.13 by $0.23. The firm had revenue of $45.94 million for the quarter, compared to analyst estimates of $69.70 million. Sigma Lithium had a trailing twelve-month return on equity of 6.18% and a net margin of 4.28%.

Who are Sigma Lithium's major shareholders?

Sigma Lithium's top institutional investors include Perpetual Ltd (0.15%) and SG Americas Securities LLC (0.10%).

How do I buy shares of Sigma Lithium?

Shares of SGML stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Sigma Lithium own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Sigma Lithium investors own include NVIDIA (NVDA), Tesla (TSLA), Meta Platforms (META), Advanced Micro Devices (AMD), Taiwan Semiconductor Manufacturing (TSM), Albemarle (ALB) and PayPal (PYPL).

Company Calendar

• Last Earnings: 8/15/2024
• Today: 10/15/2024
• Next Earnings (Estimated): 11/12/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Computer and Technology
• Industry: Metal mining
• Sub-Industry: Non-Metallic And Industrial Metal Mining
• Current Symbol: NASDAQ:SGML
• CUSIP: N/A
• CIK: 1848309
• Web: www.sigmalithiumresources.com
• Phone: 551129850089
• Fax: N/A
• Employees: 250
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $24.50
• High Stock Price Target: $29.00
• Low Stock Price Target: $20.00
• Potential Upside/Downside: +88.0%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 2 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($0.13)
• Trailing P/E Ratio: 144.78
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-28,330,000.00
• Net Margins: 4.28%
• Pretax Margin: 5.27%
• Return on Equity: 6.18%
• Return on Assets: 2.41%

Debt

• Debt-to-Equity Ratio: 0.02
• Current Ratio: 1.05
• Quick Ratio: 0.96

Sales & Book Value

• Annual Sales: $294.50 million
• Price / Sales: 4.90
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $1.44 per share
• Price / Book: 9.05

Miscellaneous

• Outstanding Shares: 110,711,000
• Free Float: 56,987,000
• Market Cap: $1.44 billion
• Optionable: Optionable
• Beta: 0.18