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Sigma Lithium Corporation (NASDAQ:SGML) Stock Ripped 20.91% Year-To-Date, What Will Happen Next?

In last trading session, Sigma Lithium Corporation (NASDAQ:SGML) saw 1.7 million shares changing hands with its beta currently measuring 0.40. Company’s…

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This article was originally published by The Marketing Sentinal

In last trading session, Sigma Lithium Corporation (NASDAQ:SGML) saw 1.7 million shares changing hands with its beta currently measuring 0.40. Company’s recent per share price level of $34.12 trading at -$2.53 or -6.90% at ring of the bell on the day assigns it a market valuation of $4.66B. That closing price of SGML’s stock is at a discount of -18.11% from its 52-week high price of $40.30 and is indicating a premium of 62.75% from its 52-week low price of $12.71. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.75 million shares which gives us an average trading volume of 791.43K if we extend that period to 3-months.

For Sigma Lithium Corporation (SGML), analysts’ consensus is at an average recommendation of a Buy while assigning it a mean rating of 1.60. Splitting up the data highlights that, out of 8 analysts covering the stock, 0 rated the stock as a Sell while 1 recommended an Overweight rating for the stock. 1 suggested the stock as a Hold whereas 6 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -$0.01 in the current quarter.

Sigma Lithium Corporation (NASDAQ:SGML) trade information

Upright in the red during last session for losing -6.90%, in the last five days SGML remained trading in the red while hitting it’s week-highest on Friday, 04/14/23 when the stock touched $34.12 price level, adding 15.12% to its value on the day. Sigma Lithium Corporation’s shares saw a change of 20.91% in year-to-date performance and have moved -11.49% in past 5-day. Sigma Lithium Corporation (NASDAQ:SGML) showed a performance of -3.26% in past 30-days. Number of shares sold short was 2.19 million shares which calculate 2.4 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of $46.26 to the stock, which implies a rise of 26.24% to its current value. Analysts have been projecting $41.50 as a low price target for the stock while placing it at a high target of $50.13. It follows that stock’s current price would drop -46.92% in reaching the projected high whereas dropping to the targeted low would mean a loss of -21.63% for stock’s current value.

Sigma Lithium Corporation (SGML) estimates and forecasts

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 4.30% during past 5 years.

SGML Dividends

Sigma Lithium Corporation is more likely to be releasing its next quarterly report between May 15 and May 19 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

Sigma Lithium Corporation (NASDAQ:SGML)’s Major holders

Insiders are in possession of 0.72% of company’s total shares while institution are holding 59.03 percent of that, with stock having share float percentage of 59.46%. Investors also watch the number of corporate investors in a company very closely, which is 59.03% institutions for Sigma Lithium Corporation that are currently holding shares of the company. Nucleo Capital Ltda. is the top institutional holder at SGML for having 3.0 million shares of worth $84.74 million. And as of Dec 30, 2022, it was holding 2.80% of the company’s outstanding shares.

The second largest institutional holder is Van Eck Associates Corporation, which was holding about 1.07 million shares on Dec 30, 2022. The number of shares represents firm’s hold over 1.00% of outstanding shares, having a total worth of $30.26 million.

On the other hand, VanEck ETF Trust-VanEck Rare Earth/Strategic Metals ETF and Global X Fds-Global X Lithium & Battery Tech ETF are the top two Mutual Funds which own company’s shares. As of Dec 30, 2022, the former fund manager was holding 0.92 million shares of worth $25.94 million or 0.88% of the total outstanding shares. The later fund manager was in possession of 0.65 million shares on Dec 30, 2022, making its stake of worth around $18.21 million in the company or a holder of 0.61% of company’s stock.


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