Sigma Lithium Corporation (NASDAQ:SGML) concluded the trading at $11.01 on current market day with a rise of 1.01% from its closing price on previous day.
Taking a look at stock we notice that its last check on previous day was $10.90 and 5Y monthly beta was reading 0.14 with its price kept floating in the range of $10.795 and $11.3 on the day. Considering stock’s 52-week price range provides that SGML hit a high price of $34.31 and saw its price falling to a low level of $8.47 during that period. Over a period of past 1-month, stock came subtracting -23.86% in its value.
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With its current market valuation of $1.23 billion, Sigma Lithium Corporation is set to declare its quarterly results in January. Analysts are in estimates of 0.05 per share for company’s earnings in the current quarter and are expecting its annual EPS growth moving up to -0.3 for current year with estimates of that growing to 0.52 in next year.
Analysts watching the company’s growth closely have provided estimates for its revenue growth with an average revenue estimate of 70.54M. They suggested that in the process company could generate revenue of as low as 61M which could climb up to 89.3M to hit a high. The average estimate is representing an increase of 37.49% in sales growth from that of posted by the company in the same quarter of last year. In keeping analyst consensus estimate with, company is forecasted to be making an annual revenue of 228.45M in current fiscal year, which will be 26.06% more from revenue generated by the company last year.
In contrast, when we review SGML stock’s current outlook then short term indicators are assigning it an average of 50% Sell, while medium term indicators are categorizing the stock at an average of 50% Buy. Long term indicators are suggesting an average of 100% Sell for it.
According to ratings assigned by 15 analysts at the scale of 1 to 5 with 1.00 representing a strong buy and 5.00 suggesting a strong sell; 5 of them are recommending Sigma Lithium Corporation (SGML) as a Hold, while 9 are in view that stock is a Buy. Recommendation by 0 analysts for the stock is an Underweight while number of those analysts who rated the stock as an Overweight is 0, whereas 1 of them are considering the stock as a Sell. When taken as whole, stock gets a rating of Overweight and that encourages the investors to exploit the opportunity and build their stake up in the company.
Digging deeper we become aware of the PEG ratio of the SGML stock which is currently positioned at 0. It further provides that stock’s current price level is -11.84% away from its 20-day simple moving average and is -17.01% off its SMA50. Its relative strength index (RSI) for 14-periods is oscillating at 32.49 while volatility remained at 5.52% over the past week which changes to 5.49% when measuring it over the past month. Average true range or ATR is currently at 0.74.
Having a second look at Sigma Lithium Corporation (NASDAQ:SGML) provides that stock’s average daily trading volume for 3 months was 802.97K, while it jumped to 750790 when we calculate an average volume for past 10 days. Number of outstanding shares of the stock stood at 110.87 million.
The percentage of outstanding shares held by the insiders is 47.90% while it is 33.43% for the institutional holders. The figures also indicate that as of 2024-10-31, number of stock’s short shares was 10.0 million which implies a short ratio of 12.31. This shows down a 1584.00 of Short Interest in company’s outstanding shares on the day. In October the standing of shares short improved as it was 10.61 million in the previous month. Subtraction of -65.08% by stock’s current price to its year-to-date value in last trading session is likely to be increasing investors’ interest in the stock as it is hinting an extended uptrend.
