Sigma Lithium Co. (NASDAQ:SGML - Get Free Report)'s stock price traded up 10% during mid-day trading on Tuesday . The company traded as high as $7.70 and last traded at $7.70. 664,788 shares traded hands during trading, a decline of 12% from the average session volume of 757,880 shares. The stock had previously closed at $7.00.
Analyst Ratings Changes
Separately, Bank of America reduced their price objective on Sigma Lithium from $25.00 to $16.00 and set a "buy" rating for the company in a research note on Tuesday, January 14th.
Get Our Latest Research Report on Sigma Lithium
Sigma Lithium Price Performance
The company's 50-day simple moving average is $10.07 and its 200-day simple moving average is $11.63. 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 company has a market capitalization of $916.95 million, a PE ratio of -17.17 and a beta of 0.26.
Sigma Lithium (NASDAQ:SGML - Get Free Report) last released 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 company 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 anticipate that Sigma Lithium Co. will post -0.12 earnings per share for the current year.
Institutional Investors Weigh In On Sigma Lithium
Hedge funds have recently modified their holdings of the stock. GAMMA Investing LLC purchased a new position in Sigma Lithium during the 1st quarter worth $139,000. Aquatic Capital Management LLC purchased a new position in Sigma Lithium during the fourth quarter worth about $27,000. U S Global Investors Inc. lifted its position in Sigma Lithium by 233.3% in 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 period. Pictet Asset Management Holding SA purchased a new stake in Sigma Lithium in the 4th quarter valued at approximately $142,000. Finally, Squarepoint Ops LLC acquired a new position in Sigma Lithium during the 4th quarter worth approximately $150,000. 64.86% of the stock is owned by institutional investors and hedge funds.
Sigma Lithium Company Profile
(
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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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