Sigma Lithium (NASDAQ:SGML) Reaches New 12-Month Low - What's Next?

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

Analyst Ratings Changes

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

Sigma Lithium Trading Down 1.1%

The company has a 50 day simple moving average of $7.69 and a two-hundred day simple moving average of $10.40. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.72 and a current ratio of 0.84. The firm has a market cap of $516.34 million, a PE ratio of -9.67 and a beta of 0.30.

Sigma Lithium (NASDAQ:SGML - Get Free Report) last posted its quarterly earnings results on Monday, March 31st. The company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.06 by ($0.14). The business had revenue of $46.70 million for the quarter, compared to analysts' expectations of $71.77 million. Sigma Lithium had a negative return on equity of 38.04% and a negative net margin of 36.85%. Analysts expect that Sigma Lithium Co. will post -0.12 EPS for the current fiscal year.

Institutional Investors Weigh In On Sigma Lithium

Several hedge funds have recently added to or reduced their stakes in SGML. Aquatic Capital Management LLC acquired a new position in Sigma Lithium in the fourth quarter valued at approximately $27,000. Teacher Retirement System of Texas purchased a new position in shares of Sigma Lithium during the 1st quarter valued at approximately $109,000. U S Global Investors Inc. lifted its stake in shares of Sigma Lithium by 233.3% in the 4th 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 period. GAMMA Investing LLC purchased a new position in Sigma Lithium in the first quarter valued at $139,000. Finally, Pictet Asset Management Holding SA acquired a new position in shares of Sigma Lithium in the fourth quarter worth about $142,000. 64.86% of the stock is owned by hedge funds and other institutional investors.

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.