Sigma Lithium Corporation (NASDAQ:SGML) price on Wednesday, March 27, rose 5.56% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $12.16.
A look at the stock’s price movement, the close in the last trading session was $11.52. The beta value (5-Year monthly) was 0.19. Turning to its 52-week performance, $43.18 and $10.46 were the 52-week high and 52-week low respectively. Overall, SGML moved -8.02% over the past month.
Sigma Lithium Corporation’s market cap currently stands at around $1.33 billion, with investors looking forward to this quarter’s earnings report slated for Jun 10, 2024 – Jun 14, 2024. Analysts project the company’s earnings per share (EPS) to be -$0.01, which has seen fiscal year 2022 EPS growth forecast to increase to -$0.31 and about $4.28 for fiscal year 2023. Per the data, EPS growth is expected to be 20.50% for 2024 and 1,480.60% for the next financial year.
Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was no upward and no downward review(s). Turning to the stock’s technical picture we see that short term indicators suggest on average that SGML is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
SGML’s current price about -11.21% and -24.79% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 37.69, while 7-day volatility ratio is 7.44% and 8.12% in the 30-day chart. Further, Sigma Lithium Corporation (SGML) has a beta value of 0, and an average true range (ATR) of 1.10.
If we refocus on Sigma Lithium Corporation (NASDAQ:SGML), historical trading data shows that trading volumes averaged 1.19 million over the past 10 days and 1.40 million over the past 3 months. The company’s latest data on shares outstanding shows there are 104.71 million shares.
The 58.69% of Sigma Lithium Corporation’s shares are in the hands of company insiders while institutional holders own 27.79% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 10.37 million on Feb 29, 2024, giving us a short ratio of 6.33. The data shows that as of Feb 29, 2024 short interest in Sigma Lithium Corporation (SGML) stood at 9.47% of shares outstanding, with shares short falling to 11.16 million registered in Jan 31, 2024. Current price change has pushed the stock -61.43% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the SGML stock continues to rise going into the next quarter.
