Sigma Lithium Corporation (NASDAQ:SGML - Get Free Report)'s share price gapped up before the market opened on Thursday . The stock had previously closed at $4.81, but opened at $4.99. Sigma Lithium shares last traded at $5.18, with a volume of 1,554,012 shares.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen upgraded Sigma Lithium from a "sell" rating to a "hold" rating in a report on Thursday, May 22nd.
Check Out Our Latest Research Report on SGML
Sigma Lithium Stock Performance
The business has a fifty day moving average of $5.92 and a 200 day moving average of $9.08. The company has a market cap of $573.65 million, a P/E ratio of -13.93 and a beta of 0.05. The company has a quick ratio of 0.67, a current ratio of 0.85 and a debt-to-equity ratio of 1.08.
Sigma Lithium (NASDAQ:SGML - Get Free Report) last issued its quarterly earnings data 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). Sigma Lithium had a negative net margin of 24.36% and a negative return on equity of 35.85%. The company had revenue of $46.70 million for the quarter, compared to analysts' expectations of $71.77 million. On average, equities analysts predict that Sigma Lithium Corporation will post -0.12 EPS for the current year.
Hedge Funds Weigh In On Sigma Lithium
Institutional investors have recently bought and sold shares of the stock. Bank Julius Baer & Co. Ltd Zurich boosted its position in Sigma Lithium by 203.6% during 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 acquiring an additional 1,464,475 shares in the last quarter. Norges Bank purchased a new position in shares of Sigma Lithium in the 4th quarter valued at approximately $28,050,000. Lighthouse Investment Partners LLC boosted its position in shares of Sigma Lithium by 78.7% during the fourth quarter. Lighthouse Investment Partners LLC now owns 247,576 shares of the company's stock valued at $2,778,000 after purchasing an additional 109,064 shares in the last quarter. Sourcerock Group LLC grew its stake in Sigma Lithium by 46.0% in the fourth quarter. Sourcerock Group LLC now owns 1,387,222 shares of the company's stock worth $15,565,000 after purchasing an additional 437,010 shares during the period. Finally, BNP Paribas Financial Markets purchased a new stake in Sigma Lithium in the fourth quarter worth $185,000. 64.86% of the stock is owned by institutional investors.
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.
See Also
Before you consider Sigma Lithium, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Sigma Lithium wasn't on the list.
While Sigma Lithium currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Today, we are inviting you to take a free peek at our proprietary, exclusive, and up-to-the-minute list of 20 stocks that Wall Street's top analysts hate.
Many of these appear to have good fundamentals and might seem like okay investments, but something is wrong. Analysts smell something seriously rotten about these companies. These are true "Strong Sell" stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
