Sigma Lithium Corporation (NASDAQ: SGML) is -54.12% lower on its value in year-to-date trading and has touched a low of $4.25 and a high of $15.56 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 $5.42 in the last trading session, with the day’s gains setting it 0.21%.
Currently trading at $5.63, the stock is 13.96% and -3.05% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.75 million and changing 3.87% at the moment leaves the stock -45.25% off its SMA200. SGML registered -49.82% loss for a year compared to 6-month loss of -56.63%. The firm has a 50-day simple moving average (SMA 50) of $5.8071 and a 200-day simple moving average (SMA200) of $10.282875.
The stock witnessed a 1.08% gain in the last 1 month and extending the period to 3 months gives it a -23.09%, and is 17.05% up 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 9.27% over the week and 7.76% over the month.
Sigma Lithium Corporation (SGML) has around 589 employees, a market worth around $626.51M and $185.58M in sales. Fwd P/E is 17.79. Profit margin for the company is -21.32%. Distance from 52-week low is 32.47% and -63.81% from its 52-week high. The company has generated returns on investments over the last 12 months (-17.97%).
The EPS is expected to grow by 98.34% this year
149.0 institutions hold shares in Sigma Lithium Corporation (SGML), with institutional investors hold 87.33% of the company’s shares. The shares outstanding are 111.28M, and float is at 60.10M with Short Float at 18.14%. Institutions hold 83.33% 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.
