What Is So Great About Sigma Lithium Corporation (SGML)?

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Sigma Lithium Corporation (NASDAQ:SGML) has seen 0.44 million shares traded in the recent trading session. The company, currently valued at $1.45B, closed the recent trade at $13.07 per share which meant it lost -$0.45 on the day or -3.33% during that session. The SGML stock price is -162.51% off its 52-week high price of $34.31 and 35.2% above the 52-week low of $8.47. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.78 million shares traded. The 3-month trading volume is 863.08K shares.

The consensus among analysts is that Sigma Lithium Corporation (SGML) is Buy stock at the moment, with a recommendation rating of 1.25. 1 analysts rate the stock as a Sell, while 0 rate it as Overweight. 5 out of 15 have rated it as a Hold, with 9 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.1.

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Sigma Lithium Corporation (NASDAQ:SGML) trade information

Sporting -3.33% in the red today, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the SGML stock price touched $13.07 or saw a rise of 13.39%. Year-to-date, Sigma Lithium Corporation shares have moved -58.55%, while the 5-day performance has seen it change -4.04%. Over the past 30 days, the shares of Sigma Lithium Corporation (NASDAQ:SGML) have changed 26.89%. Short interest in the company has seen 10.61 million shares shorted with days to cover at 10.91.

Sigma Lithium Corporation (SGML) estimates and forecasts

Figures show that Sigma Lithium Corporation shares have outperformed across the wider relevant industry. The company’s shares have lost -6.51% over the past 6 months, with this year growth rate of 100.00%, compared to 7.80% for the industry. Revenue growth from the last financial year stood is estimated to be 43.90%.

3 analysts offering their estimates for the company have set an average revenue estimate of 72.08M for the current quarter. 3 have an estimated revenue figure of 74.74M for the next ending quarter.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -8.01% over the past 5 years.

SGML Dividends

Sigma Lithium Corporation is expected to release its next earnings report on 2024-Nov-12 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

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

Insiders own 4.44% of the company shares, while shares held by institutions stand at 82.66% with a share float percentage of 86.50%. Investors are also buoyed by the number of investors in a company, with Sigma Lithium Corporation having a total of 150.0 institutions that hold shares in the company. The top two institutional holders are NUCLEO CAPITAL LTDA. with over 3.52 million shares worth more than $42.31 million. As of 2024-06-30, NUCLEO CAPITAL LTDA. held 3.1841% of shares outstanding.

The other major institutional holder is FOURTH SAIL CAPITAL LP, with the holding of over 3.13 million shares as of 2024-06-30. The firm’s total holdings are worth over $37.71 million and represent 2.8379% of shares outstanding.

Also the top two Mutual Funds that are holding company’s shares are VanEck ETF Trust-VanEck Rare Earth/Strategic Metals ETF and Fidelity Global Commodity Stock Fund . As of Sep 30, 2024 , the former fund manager holds about 0.78% shares in the company for having 859.57 shares of worth $11.37 million while later fund manager owns 509.6 shares of worth $6.74 million as of Aug 31, 2024 , which makes it owner of about 0.46% of company’s outstanding stock.