Sigma Lithium (NASDAQ:SGML) Sets New 12-Month Low - Here's What Happened

Sigma Lithium Co. (NASDAQ:SGML - Get Free Report) shares reached a new 52-week low on Wednesday . The stock traded as low as $5.21 and last traded at $5.22, with a volume of 498084 shares traded. The stock had previously closed at $5.52.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised Sigma Lithium from a "sell" rating to a "hold" rating in a research note on Thursday, May 22nd.

Sigma Lithium Price Performance

The stock has a market capitalization of $523.02 million, a price-to-earnings ratio of -9.79 and a beta of 0.30. 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 50-day simple moving average of $7.69 and a 200 day simple moving average of $10.42.

Sigma Lithium (NASDAQ:SGML - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $46.70 million for the quarter, compared to analyst estimates of $71.77 million. On average, equities research analysts forecast that Sigma Lithium Co. will post -0.12 EPS for the current fiscal year.

Institutional Investors Weigh In On Sigma Lithium

Institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC acquired a new stake in Sigma Lithium during the first quarter valued at $139,000. Aquatic Capital Management LLC acquired a new stake in Sigma Lithium during the fourth quarter valued at $27,000. U S Global Investors Inc. boosted its position in Sigma Lithium by 233.3% during the fourth quarter. U S Global Investors Inc. now owns 10,000 shares of the company's stock valued at $112,000 after purchasing an additional 7,000 shares during the last quarter. Teacher Retirement System of Texas acquired a new stake in Sigma Lithium during the first quarter valued at $109,000. Finally, Pictet Asset Management Holding SA acquired a new stake in Sigma Lithium during the fourth quarter valued at $142,000. 64.86% of the stock is currently owned by institutional investors and hedge funds.

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.