Sigma Lithium (NASDAQ:SGML) Stock Price Up 5.1%

Sigma Lithium Co. (NASDAQ:SGML)’s stock price shot up 5.1% during mid-day trading on Tuesday . The company traded as high as $13.10 and last traded at $12.99. 256,396 shares traded hands during trading, a decline of 76% from the average session volume of 1,046,678 shares. The stock had previously closed at $12.36.

Wall Street Analyst Weigh In

Separately, BMO Capital Markets lowered their target price on Sigma Lithium from $25.00 to $20.00 and set an “outperform” rating for the company in a research report on Monday, August 19th.

Sigma Lithium Trading Up 6.0 %

The company has a fifty day moving average price of $10.53 and a two-hundred day moving average price of $12.81. The firm has a market capitalization of $1.45 billion, a price-to-earnings ratio of -100.46 and a beta of 0.16. The company has a current ratio of 1.05, a quick ratio of 0.96 and a debt-to-equity ratio of 0.02.

Sigma Lithium (NASDAQ:SGML) last posted its quarterly earnings data on Thursday, August 15th. The company reported ($0.10) EPS for the quarter, missing the consensus estimate of $0.13 by ($0.23). The company had revenue of $45.94 million for the quarter, compared to analysts’ expectations of $69.70 million. Sigma Lithium had a net margin of 4.28% and a return on equity of 6.18%. As a group, research analysts forecast that Sigma Lithium Co. will post 0.04 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. PenderFund Capital Management Ltd. acquired a new position in shares of Sigma Lithium in the 4th quarter valued at $32,000. Point72 DIFC Ltd acquired a new position in Sigma Lithium during the second quarter worth $48,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in Sigma Lithium during the second quarter worth approximately $107,000. Tidal Investments LLC lifted its holdings in shares of Sigma Lithium by 65.9% during the first quarter. Tidal Investments LLC now owns 44,241 shares of the company’s stock worth $573,000 after buying an additional 17,566 shares during the last quarter. Finally, SG Americas Securities LLC bought a new stake in Sigma Lithium in the 2nd quarter valued at $672,000. Hedge funds and other 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.