Sigma Lithium Co. (NASDAQ:SGML - Get Free Report)'s share price hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $5.23 and last traded at $5.32, with a volume of 206725 shares changing hands. The stock had previously closed at $5.49.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen upgraded shares of Sigma Lithium from a "sell" rating to a "hold" rating in a research note on Thursday, May 22nd.
Get Our Latest Stock Report on Sigma Lithium
Sigma Lithium Stock Performance
The company has a market cap of $627.17 million, a PE ratio of -11.76 and a beta of 0.30. The stock has a 50 day simple moving average of $8.21 and a two-hundred day simple moving average of $10.64. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.84 and a quick ratio of 0.72.
Sigma Lithium (NASDAQ:SGML - Get Free Report) last issued its quarterly earnings results on Monday, March 31st. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.14). The company had revenue of $46.70 million during the quarter, compared to analyst estimates of $71.77 million. Sigma Lithium had a negative net margin of 36.85% and a negative return on equity of 38.04%. Equities analysts predict that Sigma Lithium Co. will post -0.12 EPS for the current year.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in Sigma Lithium in the fourth quarter valued at approximately $28,050,000. Bank Julius Baer & Co. Ltd Zurich boosted its holdings in shares of Sigma Lithium by 203.6% in the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 2,183,675 shares of the company's stock valued at $24,501,000 after purchasing an additional 1,464,475 shares during the last quarter. Bamco Inc. NY purchased a new stake in shares of Sigma Lithium during the 4th quarter valued at $13,539,000. Woodline Partners LP increased its holdings in shares of Sigma Lithium by 65.6% during the 1st quarter. Woodline Partners LP now owns 2,678,444 shares of the company's stock worth $27,856,000 after buying an additional 1,060,771 shares during the last quarter. Finally, Invesco Ltd. raised its position in shares of Sigma Lithium by 171.3% in the 4th quarter. Invesco Ltd. now owns 1,088,992 shares of the company's stock worth $12,218,000 after buying an additional 687,639 shares during the period. 64.86% of the stock is currently owned by hedge funds and other institutional investors.
Sigma Lithium Company Profile
(
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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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