Sigma Lithium (NASDAQ:SGML) Shares Down 7.1% - What's Next?

Sigma Lithium Co. (NASDAQ:SGML - Get Free Report)'s share price was down 7.1% during mid-day 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.

Wall Street Analyst Weigh In

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

Sigma Lithium Stock Performance

The stock has a market capitalization of $558.64 million, a P/E ratio of -10.46 and a beta of 0.07. The company's 50-day moving average is $6.79 and its two-hundred day moving average is $9.79. The company has a current ratio of 0.84, a quick ratio of 0.72 and a debt-to-equity ratio of 0.02.

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 for the quarter, missing the consensus estimate of $0.06 by ($0.14). The firm had revenue of $46.70 million during the quarter, compared to the consensus estimate of $71.77 million. Sigma Lithium had a negative net margin of 36.85% and a negative return on equity of 38.04%. As a group, sell-side analysts anticipate that Sigma Lithium Co. will post -0.12 EPS for the current fiscal year.

Hedge Funds Weigh In On Sigma Lithium

Several large investors have recently bought and sold shares of SGML. Aquatic Capital Management LLC acquired a new position in Sigma Lithium during the 4th quarter valued at about $27,000. Teacher Retirement System of Texas acquired a new position in Sigma Lithium during the 1st quarter valued at about $109,000. U S Global Investors Inc. increased its stake in Sigma Lithium by 233.3% during the 4th quarter. U S Global Investors Inc. now owns 10,000 shares of the company's stock valued at $112,000 after buying an additional 7,000 shares during the period. GAMMA Investing LLC acquired a new position in Sigma Lithium during the 1st quarter valued at about $139,000. Finally, Pictet Asset Management Holding SA acquired a new position in Sigma Lithium during the 4th quarter valued at about $142,000. Institutional investors and hedge funds own 64.86% of the company's stock.

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.