Sigma Lithium Co. (NASDAQ:SGML - Get Free Report)'s stock price dropped 7.1% during trading on Thursday . The company traded as low as $5.07 and last traded at $5.08. Approximately 301,005 shares traded hands during mid-day trading, a decline of 66% from the average daily volume of 886,838 shares. The stock had previously closed at $5.47.
Analyst Ratings Changes
Separately, Wall Street Zen upgraded Sigma Lithium from a "sell" rating to a "hold" rating in a report on Thursday, May 22nd.
Get Our Latest Stock Analysis on SGML
Sigma Lithium Stock Performance
The stock has a fifty day moving average price of $6.83 and a 200 day moving average price of $9.90. The company has a current ratio of 0.84, a quick ratio of 0.72 and a debt-to-equity ratio of 0.02. The firm has a market cap of $569.76 million, a price-to-earnings ratio of -10.66 and a beta of 0.07.
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). Sigma Lithium had a negative net margin of 36.85% and a negative return on equity of 38.04%. The firm had revenue of $46.70 million for the quarter, compared to the consensus estimate of $71.77 million. As a group, analysts predict that Sigma Lithium Co. will post -0.12 earnings per share for the current year.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the business. Norges Bank bought a new stake in shares of Sigma Lithium during the fourth quarter worth $28,050,000. Bank Julius Baer & Co. Ltd Zurich lifted its position in shares of 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 purchasing an additional 1,464,475 shares in the last quarter. Bamco Inc. NY bought a new stake in shares of Sigma Lithium during the fourth quarter valued at approximately $13,539,000. Woodline Partners LP raised its position in Sigma Lithium by 65.6% in the 1st quarter. Woodline Partners LP now owns 2,678,444 shares of the company's stock worth $27,856,000 after purchasing an additional 1,060,771 shares during the last quarter. Finally, Invesco Ltd. lifted its holdings in Sigma Lithium by 171.3% during the 4th quarter. Invesco Ltd. now owns 1,088,992 shares of the company's stock worth $12,218,000 after buying an additional 687,639 shares in the last quarter. 64.86% of the stock is 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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