The trading price of Sigma Lithium Corporation (NASDAQ:SGML) closed lower on Friday, November 15, and closing at $12.94, -1.60% lower than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $11.3901 and $13.01. In examining the 52-week price action we see that the stock hit a 52-week high of $34.31 and a 52-week low of $8.47. Over the past month, the stock has lost -4.64% in value.
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Sigma Lithium Corporation, whose market valuation is $1.95 billion at the time of this writing, is expected to release its quarterly earnings report in December. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by 0.07 per share this quarter, however they have predicted annual earnings per share of -0.05 for current year and 0.74 for next year.
Analysts have forecast the company to bring in revenue of 75.14M for the current quarter, with the likely lows of 64.81M and highs of 87.6M. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 257.58M.
On the technical side, indicators suggest SGML has a 50% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a Hold, while an average of long term indicators suggests that the stock is currently Hold.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned SGML a recommendation rating is 15. Out of them, 5 rate it a Hold, while 9 recommend Buy, whereas 0 assign an Overweight rating. 0 analyst(s) have tagged Sigma Lithium Corporation (SGML) as Underweight, while 1 advise Sell. Analysts have rated the stock Buy, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
A quick review shows that SGML’s price is currently -6.16% off the SMA20 and 0.57% off the SMA50. The RSI metric on the 14-day chart is currently showing 46.07, and weekly volatility stands at 9.82%. When measured over the past 30 days, the indicator reaches 7.35%. Sigma Lithium Corporation (NASDAQ:SGML)’s beta value is currently sitting at 0, while the Average True Range indicator is currently displaying 1.00.
To see how Sigma Lithium Corporation stock has been performing in comparison to its peers in the industry, here are the numbers: SGML stock’s performance was -1.60% in the latest trading, and -52.22% in the past year.
An evaluation of the daily trading volume of Sigma Lithium Corporation (NASDAQ:SGML) indicates that the 3-month average is 868.00K. However, this figure has increased over the past 10 days to an average of 0.9.
Currently, records show that 110.06 million of the company’s shares remain outstanding. The insiders hold 53.25% of outstanding shares, whereas institutions hold 32.62%. The stats also highlight that short interest as of 2024-10-31, stood at 10.0 million shares, resulting in a short ratio of 12.31 at that time. From this, we can conclude that short interest is 1584.00 of the company’s total outstanding shares. It is noteworthy that short shares in October were down slightly from the previous month’s figure, which was 10.61 million. However, since the stock’s price has seen -58.96% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
