Sigma Lithium (NASDAQ:SGML) Shares Down 7.1% – Should You Sell?

Sigma Lithium Co. (NASDAQ:SGML)’s share price fell 7.1% on Thursday . The stock traded as low as $5.07 and last traded at $5.08. 301,005 shares changed hands during mid-day trading, a decline of 66% from the average session volume of 886,838 shares. The stock had previously closed at $5.47.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded shares of Sigma Lithium from a “sell” rating to a “hold” rating in a report on Thursday, May 22nd.

Sigma Lithium Price Performance

The company has a market cap of $558.64 million, a price-to-earnings ratio of -10.46 and a beta of 0.07. The company has a quick ratio of 0.72, a current ratio of 0.84 and a debt-to-equity ratio of 0.02. The company’s fifty day moving average price is $6.79 and its two-hundred day moving average price is $9.84.

Sigma Lithium (NASDAQ:SGML) last announced its quarterly earnings data on Monday, March 31st. The company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.14). The business had revenue of $46.70 million during the quarter, compared to the consensus estimate of $71.77 million. Sigma Lithium had a negative return on equity of 38.04% and a negative net margin of 36.85%. On average, equities research analysts forecast that Sigma Lithium Co. will post -0.12 EPS for the current fiscal year.

Institutional Trading of Sigma Lithium

A number of institutional investors have recently made changes to their positions in the business. Aquatic Capital Management LLC acquired a new stake in Sigma Lithium in the fourth quarter valued at $27,000. Teacher Retirement System of Texas acquired a new stake in Sigma Lithium in the first quarter valued at $109,000. U S Global Investors Inc. lifted its stake in Sigma Lithium by 233.3% in the fourth quarter. U S Global Investors Inc. now owns 10,000 shares of the company’s stock valued at $112,000 after acquiring an additional 7,000 shares during the last quarter. GAMMA Investing LLC acquired a new stake in Sigma Lithium in the first quarter valued at $139,000. Finally, Pictet Asset Management Holding SA acquired a new stake in Sigma Lithium in the fourth quarter valued at $142,000. Institutional investors own 64.86% of the company’s stock.

About Sigma Lithium

Sigma Lithium Corporation engages in the exploration and development of lithium deposits in Brazil. It holds a 100% interest in the Grota do Cirilo, Genipapo, Santa Clara, and São José properties comprising 29 mineral rights covering an area of approximately 185 square kilometers located in the Araçuaí and Itinga regions of the state of Minas Gerais, Brazil.