Sigma Lithium (NASDAQ:SGML) Hits New 1-Year Low – Time to Sell?

Sigma Lithium Co. (NASDAQ:SGML) reached a new 52-week low on Friday . The company traded as low as $7.43 and last traded at $7.72, with a volume of 613829 shares trading hands. The stock had previously closed at $8.94.

Wall Street Analyst Weigh In

Separately, Bank of America cut their price target on Sigma Lithium from $25.00 to $16.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th.

Sigma Lithium Stock Down 14.7 %

The company has a market cap of $849.06 million, a P/E ratio of -15.90 and a beta of 0.26. The stock has a 50-day moving average of $11.15 and a 200 day moving average of $12.18. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.84 and a quick ratio of 0.72.

Sigma Lithium (NASDAQ:SGML) last released its earnings results on Monday, March 31st. The company reported ($0.08) EPS for the quarter, missing the consensus estimate of $0.06 by ($0.14). Sigma Lithium had a negative net margin of 36.85% and a negative return on equity of 38.04%. The firm had revenue of $46.70 million during the quarter, compared to the consensus estimate of $71.77 million. Research analysts anticipate that Sigma Lithium Co. will post -0.12 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in SGML. Norges Bank acquired a new stake in shares of Sigma Lithium in the 4th quarter valued at $28,050,000. Bank Julius Baer & Co. Ltd Zurich boosted its stake in Sigma Lithium by 203.6% in the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 2,183,675 shares of the company’s stock valued at $24,501,000 after buying an additional 1,464,475 shares in the last quarter. Bamco Inc. NY acquired a new stake in Sigma Lithium in the fourth quarter valued at about $13,539,000. Woodline Partners LP grew its position in Sigma Lithium by 113.5% in the fourth quarter. Woodline Partners LP now owns 1,617,673 shares of the company’s stock valued at $18,150,000 after acquiring an additional 859,924 shares during the last quarter. Finally, Invesco Ltd. raised its stake in Sigma Lithium by 171.3% during the fourth quarter. Invesco Ltd. now owns 1,088,992 shares of the company’s stock worth $12,218,000 after acquiring an additional 687,639 shares in the last quarter. 64.86% of the stock is currently owned by institutional investors and hedge funds.

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.