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How Have Insiders Been Trading Sigma Lithium Corporation (SGML) Stock?
Sigma Lithium Corporation (NASDAQ:SGML) saw a downside of -2.11% to close Friday at $34.76 after subtracting -$0.75 on the day. The 5-day average trading…
Sigma Lithium Corporation (NASDAQ:SGML) saw a downside of -2.11% to close Friday at $34.76 after subtracting -$0.75 on the day. The 5-day average trading volume is 689,080 shares of the company’s common stock. It has gained $37.25 in the past week and touched a new high 3 times within the past 5 days. An average of 827,425 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 815,452.
SGML’s 1-month performance is 13.78% or $6.26 on its low of $27.70 reached on 10/12/22. The company’s shares have touched a 52-week low of $8.39 and high of $39.93, with the stock’s rally to the 52-week high happening on 10/31/22. YTD, SGML has achieved 233.91% or $24.35 and has reached a new high 39 times. However, the current price is down -12.95% from the 52-week high price.
Valuation Metrics
SGML stock has a beta of 0.42. Moving on to other valuation ratios, the price-to-book (PB) in the most recent quarter is 19.53.
Sigma Lithium Corporation’s quick ratio for the period ended June 29 was 13.10, with the current ratio over the same period at 13.10. The firm’s gross profit as reported stood at $0.12 million against revenue of $25.57 million.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected SGML to announce -$0.01 per share in earnings in its latest quarter, but it posted -$0.15, representing a -1,400.00% surprise. EBITDA for the quarter stood at more than -$11.16 million. SGML stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 11.19 million, with total debt at $0.25 million.
Let’s look briefly at Sigma Lithium Corporation (SGML) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 11 November was 53.07% to suggest the stock is trending Neutral, with historical volatility in this time period at 58.40%.
The stock’s 5-day moving average is $34.84, reflecting a +0.17% or $0.06 change from its current price. SGML is currently trading +17.95% above its 20-day SMA, +103.87% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +63.27% and SMA200 by+295.90%.
Stochastic %K and %D was 35.64% and 35.45% and the average true range (ATR) pointed at 2.45. The RSI (14) points at 56.10%, while the 14-day stochastic is at 32.59% with the period’s ATR at 2.37. The stock’s 9-day MACD Oscillator is pointing at 0.46 and -0.26 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Sigma Lithium Corporation (NASDAQ: SGML), BofA Securities launched coverage with a Buy rating. Analysts offering their rating for SGML stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate SGML as a “sell,”, while 0 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 3 have offered a “buy” rating.
What is SGML’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $37.25 and a high of $48.86, with their median price target at $44.50. Looking at these predictions, the average price target given by analysts is for Sigma Lithium Corporation (SGML) stock is $43.78.
