During the last session, Sigma Lithium Corporation (NASDAQ:SGML)’s traded shares were 0.53 million. At the end of the trading day, the stock’s price was $13.77, reflecting an intraday gain of 1.40% or $0.19. The 52-week high for the SGML share is $34.31, that puts it down -149.16 from that peak though still a striking 38.49% gain since the share price plummeted to a 52-week low of $8.47. The company’s market capitalization is $2.16B, and the average intraday trading volume over the past 10 days was 0.77 million shares, and the average trade volume was 895.84K shares over the past three months.
Sigma Lithium Corporation (SGML) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.20. SGML has a Sell rating from 1 analyst(s) out of 15 analysts who have looked at this stock. 5 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 9 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.09.
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Sigma Lithium Corporation (NASDAQ:SGML) trade information
Sigma Lithium Corporation (SGML) registered a 1.40% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 1.40% in intraday trading to $13.77, hitting a weekly high. The stock’s 5-day price performance is -2.96%, and it has moved by 6.33% in 30 days. Based on these gigs, the overall price performance for the year is -46.19%. The short interest in Sigma Lithium Corporation (NASDAQ:SGML) is 9.83 million shares and it means that shorts have 12.59 day(s) to cover.
Sigma Lithium Corporation (SGML) estimates and forecasts
Statistics show that Sigma Lithium Corporation has outperformed its competitors in share price, compared to the industry in which it operates. Sigma Lithium Corporation (SGML) shares have gone down -13.83% during the last six months, with a year-to-date growth rate more than the industry average at 119.23% against 5.50. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -80.00% this quarter and then jump 183.30% in the quarter after that. In the rating firms’ projections, revenue will increase 44.70% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 72.63M as predicted by 3 analyst(s). Meanwhile, a consensus of 3 analyst(s) estimates revenue growth to 75.21M by the end of current fiscal year.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -8.01%. While earnings are projected to return 83.52% in 2024.
SGML Dividends
Sigma Lithium Corporation is due to release its next quarterly earnings on 2024-Nov-12. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Sigma Lithium Corporation (NASDAQ:SGML)’s Major holders
Sigma Lithium Corporation insiders own 4.43% of total outstanding shares while institutional holders control 82.42%, with the float percentage being 86.24%. NUCLEO CAPITAL LTDA. is the largest shareholder of the company, while 146.0 institutions own stock in it. As of 2024-06-30, the company held over 3.52 million shares (or 3.1841% of all shares), a total value of $42.31 million in shares.
The next largest institutional holding, with 3.13 million shares, is of FOURTH SAIL CAPITAL LP’s that is approximately 2.8379% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $37.71 million.
