Sigma Lithium Corporation (NASDAQ:SGML)’s traded shares stood at 0.74 million during the last session. At the close of trading, the stock’s price was $11.84, to imply a decrease of -2.07% or -$0.25 in intraday trading. The SGML share’s 52-week high remains $34.31, putting it -189.78% down since that peak but still an impressive 28.46% since price per share fell to its 52-week low of $8.47. The company has a valuation of $1.32B, with an average of 0.76 million shares in intraday trading volume over the past 10 days and average of 811.16K 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 1.00. 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. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 0.05.
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Sigma Lithium Corporation (NASDAQ:SGML) trade information
After registering a -2.07% downside 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 -13.95%, and -10.51% over 30 days. With these gigs, the year-to-date price performance is -62.45%. 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 -16.91% down over the last 6 months, with its year-to-date growth rate higher than industry average at 53.85% against 7.00%. The rating firms project that company’s revenue will grow 26.06% compared to the previous financial year.
Revenue forecast for the current quarter as set by 3 analysts is 70.54M. Meanwhile, for the current quarter, a total of 2 analyst(s) estimate revenue growth to 88.55M.Earnings reports from the last fiscal year show that sales brought in 51.31M and 50.41M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 37.49% before jumping 75.67% in the following quarter.
SGML Dividends
Sigma Lithium Corporation has its next earnings report out in January. 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 80.82% of the shares at 84.56% float percentage. In total, 80.82% 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.
We also have VanEck ETF Trust-VanEck Rare Earth/Strategic Metals ETF and Fidelity Global Commodity Stock Fund as the top two Mutual Funds with the largest holdings of the Sigma Lithium Corporation (SGML) shares. Going by data provided on Sep 30, 2024, VanEck ETF Trust-VanEck Rare Earth/Strategic Metals ETF holds roughly 867.27 shares. This is just over 0.78% of the total shares, with a market valuation of $10.27 million. Data from the same date shows that the other fund manager holds a little less at 509.6, or 0.46% of the shares, all valued at about 6.03 million.
