Sigma Lithium Co. (NASDAQ:SGML - Get Free Report) hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $4.53 and last traded at $4.64, with a volume of 1342465 shares changing hands. The stock had previously closed at $4.69.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen upgraded shares of Sigma Lithium from a "sell" rating to a "hold" rating in a research report on Thursday, May 22nd.
Read Our Latest Stock Report on SGML
Sigma Lithium Trading Up 1.6%
The company's 50-day moving average price is $7.08 and its 200-day moving average price is $10.15. The firm has a market cap of $580.88 million, a price-to-earnings ratio of -10.87 and a beta of 0.07. The company has a quick ratio of 0.72, a current ratio of 0.84 and a debt-to-equity ratio of 0.02.
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 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 analyst estimates of $71.77 million. Sigma Lithium had a negative return on equity of 38.04% and a negative net margin of 36.85%. Equities analysts expect that Sigma Lithium Co. will post -0.12 EPS for the current fiscal year.
Hedge Funds Weigh In On Sigma Lithium
A number of institutional investors and hedge funds have recently bought and sold shares of SGML. Norges Bank acquired a new position in Sigma Lithium during the fourth quarter worth about $28,050,000. Bank Julius Baer & Co. Ltd Zurich boosted its position in Sigma Lithium by 203.6% during the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 2,183,675 shares of the company's stock worth $24,501,000 after acquiring an additional 1,464,475 shares during the last quarter. Bamco Inc. NY acquired a new position in Sigma Lithium during the fourth quarter worth about $13,539,000. Woodline Partners LP boosted its position in Sigma Lithium by 65.6% during the first quarter. Woodline Partners LP now owns 2,678,444 shares of the company's stock worth $27,856,000 after acquiring an additional 1,060,771 shares during the last quarter. Finally, Invesco Ltd. boosted its position in Sigma Lithium by 171.3% during the fourth quarter. Invesco Ltd. now owns 1,088,992 shares of the company's stock worth $12,218,000 after acquiring an additional 687,639 shares during the last quarter. 64.86% of the stock is currently owned by institutional investors and hedge funds.
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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