Sigma Lithium Corporation (NASDAQ: SGML): Is This The Time To Buy?

Sigma Lithium Corporation (NASDAQ:SGML)’s traded shares stood at 1.27 million during the last session. At the close of trading, the stock’s price was $14.44, to imply an increase of 6.25% or $0.85 in intraday trading. The SGML share’s 52-week high remains $34.31, putting it -137.6% down since that peak but still an impressive 41.34% since price per share fell to its 52-week low of $8.47. The company has a valuation of $2.25B, with an average of 0.65 million shares in intraday trading volume over the past 10 days and average of 860.77K shares over the past 3 months.

Analysts have given a consensus recommendation of Buy for Sigma Lithium Corporation (SGML), translating to a mean rating of 1.20. Of 15 analyst(s) looking at the stock, 1 analyst(s) give SGML a Sell rating. 0 of those analysts rate the stock as Overweight while 5 advise Hold as 9 recommend it as a Buy.

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Sigma Lithium Corporation (NASDAQ:SGML) trade information

After registering a 6.25% upside in the last session, Sigma Lithium Corporation (SGML) has traded red over the past five days. The 5-day price performance for the stock is 9.15%, and 10.82% over 30 days. With these gigs, the year-to-date price performance is -54.20%. Short interest in Sigma Lithium Corporation (NASDAQ:SGML) saw shorts transact 10.0 million shares and set a 12.31 days time to cover.

Sigma Lithium Corporation (SGML) estimates and forecasts

Looking at statistics comparing Sigma Lithium Corporation share performance against respective industry, we note that the company has outperformed competitors. Sigma Lithium Corporation (SGML) shares are -15.31% down over the last 6 months, with its year-to-date growth rate higher than industry average at 119.23% against 6.10%.

SGML Dividends

Sigma Lithium Corporation has its next earnings report out on 2024-Nov-13. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.

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

Sigma Lithium Corporation insiders hold 4.43% of total outstanding shares, with institutional holders owning 79.27% of the shares at 82.94% float percentage. In total, 79.27% institutions holds shares in the company, led by NUCLEO CAPITAL LTDA.. As of 2024-06-30, the company held over 3.52 million shares (or 3.1841% of shares), all amounting to roughly $42.31 million.

The next major institution holding the largest number of shares is FOURTH SAIL CAPITAL LP with 3.13 million shares, or about 2.8379% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $37.71 million.