Sigma Lithium (NASDAQ:SGML) Reaches New 1-Year Low at $8.69

Sigma Lithium Co. (NASDAQ:SGML)’s stock price hit a new 52-week low during trading on Monday . The stock traded as low as $8.69 and last traded at $8.69, with a volume of 579889 shares trading hands. The stock had previously closed at $8.94.

Wall Street Analyst Weigh In

Separately, Bank of America boosted their target price on shares of Sigma Lithium from $25.00 to $29.00 and gave the stock a “buy” rating in a research note on Monday, May 20th.

Sigma Lithium Stock Down 0.4 %

The stock has a market capitalization of $980.90 million, a P/E ratio of -67.62 and a beta of 0.17. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.07 and a quick ratio of 0.98. The firm has a 50-day simple moving average of $11.81 and a 200 day simple moving average of $13.83.

Sigma Lithium (NASDAQ:SGML) last issued its quarterly earnings data on Wednesday, May 15th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.07). The company had revenue of $37.39 million for the quarter, compared to analyst estimates of $57.79 million. On average, equities research analysts forecast that Sigma Lithium Co. will post 0.41 EPS for the current year.

Hedge Funds Weigh In On Sigma Lithium

Large investors have recently modified their holdings of the business. PenderFund Capital Management Ltd. bought a new position in shares of Sigma Lithium during the fourth quarter worth about $32,000. Point72 DIFC Ltd bought a new position in Sigma Lithium during the 2nd quarter worth approximately $48,000. Tidal Investments LLC lifted its position in shares of Sigma Lithium by 65.9% in the 1st quarter. Tidal Investments LLC now owns 44,241 shares of the company’s stock worth $573,000 after purchasing an additional 17,566 shares during the period. SG Americas Securities LLC bought a new stake in shares of Sigma Lithium in the 2nd quarter valued at $672,000. Finally, Cantor Fitzgerald L. P. acquired a new stake in shares of Sigma Lithium during the fourth quarter worth $1,548,000. Institutional investors 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.