How Does Sigma Lithium Corporation (SGML) Rank In Terms Of Valuation Ratios?

The stock of Sigma Lithium Corporation (NASDAQ:SGML) decreased by -$0.36 on Friday to finish at $32.02, down -1.11 percent. The last five days have seen an average of 615,220 shares of common stock traded. 16 times new highs were reached in the current year, with a gain of $3.80. The average number of shares traded over the last 20 days was 578,190, while the average volume over the last 50 days totaled 640,576.

SGML stock dropped -11.23% since last month. On 08/25/23, the company’s shares reached a one-month low of $31.13. The stock touched a high of $43.18 on 06/13/23, after rallying from a low of $20.15 in 52 weeks. The price of SGML stock has risen by 13.47% or $3.80 this year, reaching a new high 16 times. Still, the stock price is down -25.85% from the 52-week high.

Financial Health

For the three months ended June 29, Sigma Lithium Corporation’s quick ratio was 2.10, while its current ratio was 2.10, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.70, and the total debt to equity ratio is 0.79. Based on annual data, it had gross profit of -$5.32 million and revenue of $98.6 million.

Earnings Surprise

According to Sigma Lithium Corporation’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. It was predicted that Sigma Lithium Corporation’s quarterly earnings would be -$0.15, but it ended up being -$0.01. EBITDA was -$25.14 million for the quarter. At the end of Sigma Lithium Corporation’s most recent quarter ended June 29, its liabilities totaled 137.88 million, while its total debt was $140.11 million.

Technical Picture

Here’s a quick look at Sigma Lithium Corporation’s (SGML) price momentum from a technical perspective. As of 25 August, the RSI 9-day stood at 25.79%, suggesting the stock is oversold, with a 27.05% historical volatility rate.

The stochastic %K and %D were 13.13% and 13.07% respectively, while the average true range (ATR) was 1.41. Based on the 14-day stochastic reading of 15.16%, the RSI (14) reading is 30.51%. On the 9-day MACD Oscillator, the stock is at -0.67, and the 14-day reading is at -1.52.

Analyst Ratings

In its most recent analyst report, Canaccord Genuity raised its rating on Sigma Lithium Corporation (NASDAQ: SGML) to a Buy. Prior to this, analysts firm rated the stock as a Speculative buy.

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