Sigma Lithium Corporation (NASDAQ: SGML)’s Stock Performance and Outlook

In the last trading session, 1.28 million Sigma Lithium Corporation (NASDAQ:SGML) shares changed hands as the company’s beta touched 0. With the company’s per share price at $29.25 changed hands at -$0.67 or -2.24% during last session, the market valuation stood at $3.20B. SGML’s last price was a discount, traded about -47.62% off its 52-week high of $43.18. The share price had its 52-week low at $21.20, which suggests the last value was 27.52% up since then. When we look at Sigma Lithium Corporation’s average trading volume, we note the 10-day average is 1.45 million shares, with the 3-month average coming to 1.20 million.

Analysts gave the Sigma Lithium Corporation (SGML) stock a consensus recommendation rating of a Buy, calculated at a mean rating of 1.17. If we narrow down to specifics, the data shows that 0 out of 6 analysts rate the stock as a Sell, with a further 1 assigning it an Overweight rating. Of the remaining, 0 recommended SGML as a Hold, 5 felt it is a Buy and 0 rated the stock as Underweight. Sigma Lithium Corporation’s EPS for the current quarter is expected to be -$0.01.

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Sigma Lithium Corporation (NASDAQ:SGML) trade information

Instantly SGML was in red as seen at the end of in last trading. With action 27.62%, the performance over the past five days has been green. The drop to weekly highs of 30.82 on Monday, 11/20/23 subtracted -2.24% to the stock’s daily price. The company’s shares are showing year-to-date upside of 3.65%, with the 5-day performance at 27.62% in the green. However, in the 30-day time frame, Sigma Lithium Corporation (NASDAQ:SGML) is 18.13% up. Looking at the short shares, we see there were 8.0 million shares sold at short interest cover period of 5.51 days.

Sigma Lithium Corporation (SGML) estimates and forecasts

Data shows that the Sigma Lithium Corporation share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -27.87% over the past 6 months, a 443.30% in annual growth rate that is considerably higher than the industry average of 1.30%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 37.17%. The 2023 estimates are for Sigma Lithium Corporation earnings to increase by 157.07%.

SGML Dividends

Sigma Lithium Corporation is expected to release its next quarterly earnings report on November 15.

Sigma Lithium Corporation (NASDAQ:SGML)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 7.17% of Sigma Lithium Corporation shares while 65.47% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 70.53%. There are 65.47% institutions holding the Sigma Lithium Corporation stock share, with Nucleo Capital Ltda. the top institutional holder. As of Jun 29, 2023, the company held 2.31% of the shares, roughly 2.53 million SGML shares worth $101.96 million.

Frontier Capital Management Company LLC holds the second largest percentage of outstanding shares, with 1.41% or 1.54 million shares worth $62.15 million as of Jun 29, 2023.

Among Mutual Funds, the top two as of Sep 29, 2023 were VanEck ETF Trust-VanEck Rare Earth/Strategic Metals ETF and Global X Fds-Global X Lithium & Battery Tech ETF. With 0.71 million shares estimated at $23.12 million under it, the former controlled 0.65% of total outstanding shares. On the other hand, Global X Fds-Global X Lithium & Battery Tech ETF held about 0.52% of the shares, roughly 0.57 million shares worth around $18.56 million.

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