Sigma Lithium (NASDAQ:SGML) Hits New 1-Year Low - Time to Sell?

Shares of Sigma Lithium Co. (NASDAQ:SGML - Get Free Report) hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $4.53 and last traded at $4.64, with a volume of 1342465 shares traded. The stock had previously closed at $4.69.

Wall Street Analysts Forecast Growth

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

Sigma Lithium Price Performance

The stock has a market capitalization of $571.98 million, a PE ratio of -10.71 and a beta of 0.07. The company's fifty day simple moving average is $7.29 and its two-hundred day simple moving average is $10.26. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.72 and a current ratio of 0.84.

Sigma Lithium (NASDAQ:SGML - Get Free Report) last released its earnings results on Monday, March 31st. The company reported ($0.08) earnings per share for the quarter, missing the consensus estimate 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%. As a group, sell-side analysts predict that Sigma Lithium Co. will post -0.12 EPS for the current year.

Institutional Investors Weigh In On Sigma Lithium

Institutional investors have recently bought and sold shares of the stock. Aquatic Capital Management LLC purchased a new position in Sigma Lithium during the fourth quarter worth approximately $27,000. Teacher Retirement System of Texas acquired a new stake in shares of Sigma Lithium during the 1st quarter worth $109,000. U S Global Investors Inc. raised its position 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 worth $112,000 after buying an additional 7,000 shares during the period. GAMMA Investing LLC purchased a new position in shares of Sigma Lithium in the 1st quarter worth $139,000. Finally, Pictet Asset Management Holding SA acquired a new position in Sigma Lithium in the fourth quarter valued at $142,000. 64.86% of the stock is currently owned by hedge funds and other institutional investors.

Sigma Lithium Company Profile

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.