Sigma Lithium Corporation (NASDAQ: SGML) is -56.33% lower on its value in year-to-date trading and has touched a low of $8.47 and a high of $34.31 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The SGML stock was last observed hovering at around $13.03 in the last trading session, with the day’s gains setting it 0.74%.
Currently trading at $13.77, the stock is 7.18% and 23.26% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.33 million and changing 5.68% at the moment leaves the stock -4.39% off its SMA200. SGML registered -51.90% loss for a year compared to 6-month loss of 2.00%. The firm has a 50-day simple moving average (SMA 50) of $11.074 and a 200-day simple moving average (SMA200) of $14.491375.
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The stock witnessed a 22.51% gain in the last 1 month and extending the period to 3 months gives it a 13.90%, and is -0.72% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.64% over the week and 5.62% over the month.
Sigma Lithium Corporation (SGML) has around 523 employees, a market worth around $1.53B and $217.85M in sales. Current P/E ratio is 161.62 and Fwd P/E is 18.69. Profit margin for the company is 4.12%. Distance from 52-week low is 62.57% and -59.86% from its 52-week high. The company has generated returns on investments over the last 12 months (3.70%).
The EPS is expected to grow by 83.52% this year
149.0 institutions hold shares in Sigma Lithium Corporation (SGML), with institutional investors hold 86.65% of the company’s shares. The shares outstanding are 110.06M, and float is at 51.82M with Short Float at 20.47%. Institutions hold 82.80% of the Float.
The top institutional shareholder in the company is NUCLEO CAPITAL LTDA. with over 3.52 million shares valued at $42.31 million. The investor’s holdings represent 3.1841 of the SGML Shares outstanding. As of 2024-06-30, the second largest holder is FOURTH SAIL CAPITAL LP with 3.13 million shares valued at $37.71 million to account for 2.8379 of the shares outstanding. The other top investors are APPIAN WAY ASSET MANAGEMENT LP which holds 2.6 million shares representing 2.3575 and valued at over $31.33 million, while FRONTIER CAPITAL MANAGEMENT CO LLC holds 1.6736 of the shares totaling 1.85 million with a market value of $22.24 million.
