Sigma Lithium Corporation (NASDAQ: SGML) is -31.11% lower on its value in year-to-date trading and has touched a low of $7.05 and a high of $19.20 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 $8.03 in the last trading session, with the day’s loss setting it -0.3%.
Currently trading at $7.73, the stock is -19.57% and -27.68% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.79 million and changing -3.74% at the moment leaves the stock -33.51% off its SMA200. SGML registered -44.71% loss for a year compared to 6-month loss of -42.10%. The firm has a 50-day simple moving average (SMA 50) of $10.6891 and a 200-day simple moving average (SMA200) of $11.62545.
The stock witnessed a -36.69% gain in the last 1 month and extending the period to 3 months gives it a -36.43%, and is -10.12% 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 6.98% over the week and 7.89% over the month.
Sigma Lithium Corporation (SGML) has around 589 employees, a market worth around $864.68M and $175.28M in sales. Fwd P/E is 8.23. Profit margin for the company is -29.22%. Distance from 52-week low is 9.65% and -59.74% from its 52-week high. The company has generated returns on investments over the last 12 months (-24.89%).
The EPS is expected to grow by 114.35% this year
167.0 institutions hold shares in Sigma Lithium Corporation (SGML), with institutional investors hold 88.25% of the company’s shares. The shares outstanding are 111.27M, and float is at 59.23M with Short Float at 17.81%. Institutions hold 84.35% 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 3.1821 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 2.8362 of the shares outstanding. The other top investors are APPIAN WAY ASSET MANAGEMENT LP which holds 2.6 million shares representing 2.3561 and valued at over $31.33 million, while FRONTIER CAPITAL MANAGEMENT CO LLC holds 1.6726 of the shares totaling 1.85 million with a market value of $22.24 million.
