Sigma Lithium (NASDAQ:SGML) Trading Up 8.4% - Still a Buy?

Shares of Sigma Lithium Corporation (NASDAQ:SGML - Get Free Report) traded up 8.4% during mid-day trading on Wednesday . The company traded as high as $4.70 and last traded at $4.72. 504,221 shares were traded during trading, a decline of 43% from the average session volume of 887,152 shares. The stock had previously closed at $4.35.

Wall Street Analyst Weigh In

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

Sigma Lithium Trading Up 10.6%

The company has a debt-to-equity ratio of 1.08, a current ratio of 0.85 and a quick ratio of 0.67. The business has a 50-day moving average price of $5.98 and a two-hundred day moving average price of $9.12. The firm has a market cap of $535.26 million, a PE ratio of -13.00 and a beta of 0.05.

Sigma Lithium (NASDAQ:SGML - Get Free Report) last announced its earnings results on Monday, March 31st. The company reported ($0.08) 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 analyst estimates of $71.77 million. Sigma Lithium had a negative net margin of 24.36% and a negative return on equity of 35.85%. Analysts forecast that Sigma Lithium Corporation will post -0.12 EPS for the current year.

Institutional Investors Weigh In On Sigma Lithium

Several hedge funds have recently modified their holdings of SGML. Aquatic Capital Management LLC purchased a new position in Sigma Lithium during the fourth quarter worth about $27,000. Teacher Retirement System of Texas purchased a new position in Sigma Lithium in the first quarter valued at approximately $109,000. GAMMA Investing LLC purchased a new position in shares of Sigma Lithium in the 1st quarter valued at $139,000. Pictet Asset Management Holding SA purchased a new stake in shares of Sigma Lithium during the 4th quarter valued at about $142,000. Finally, Squarepoint Ops LLC acquired a new position in shares of Sigma Lithium in the fourth quarter worth about $150,000. 64.86% of the stock is owned by institutional investors and hedge funds.

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.