Sigma Lithium Corporation (NASDAQ:SGML) price on Friday, February 07, rose 0.18% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $11.21.
A look at the stock’s price movement, the close in the last trading session was $11.19, moving within a range at $11.02 and $11.38. The beta value (5-Year monthly) was 0.14. Turning to its 52-week performance, $19.20 and $8.47 were the 52-week high and 52-week low respectively. Overall, SGML moved -12.63% over the past month.
Sigma Lithium Corporation’s market cap currently stands at around $1.25 billion, with investors looking forward to this quarter’s earnings report slated for in March.
Analysts have a consensus estimate of 76.42M for the company’s revenue for the quarter, with a low and high estimate of 61M and 89.3M respectively. The average forecast suggests up to a 48.96% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 233.97M, representing a 29.10% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that SGML is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
15 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 5 analyst(s) rate the stock as a Hold, 9 recommend SGML as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 1 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
SGML’s current price about -0.72% and -5.23% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 47.52, while 7-day volatility ratio is 6.26% and 5.11% in the 30-day chart. Further, Sigma Lithium Corporation (SGML) has a beta value of 0, and an average true range (ATR) of 0.62.
If we refocus on Sigma Lithium Corporation (NASDAQ:SGML), historical trading data shows that trading volumes averaged 0.54 over the past 10 days and 659.45K over the past 3 months. The company’s latest data on shares outstanding shows there are 110.87 million shares.
The 47.05% of Sigma Lithium Corporation’s shares are in the hands of company insiders while institutional holders own 32.66% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 10.0 million on 2024-10-31, giving us a short ratio of 12.31. The data shows that as of 2024-10-31 short interest in Sigma Lithium Corporation (SGML) stood at 1584.0000000000002 of shares outstanding, with shares short falling to 10.61 million registered in 2024-09-30. Current price change has pushed the stock -0.09% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the SGML stock continues to rise going into the next quarter.
