Sigma Lithium Corporation (NASDAQ:SGML) price on Wednesday, May 21, fall -5.34% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $5.49.
A look at the stock’s price movement, the close in the last trading session was $5.80. Turning to its 52-week performance, $17.98 and $5.77 were the 52-week high and 52-week low respectively. Overall, SGML moved -28.42% over the past month.
Sigma Lithium Corporation’s market cap currently stands at around $614.11 million, with investors looking forward to this quarter’s earnings report slated for in June.
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.
15 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 5 analyst(s) rate the stock as a Hold, 9 recommend SGML as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 1 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
SGML’s current price about -25.65% and -37.46% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 26.86, while 7-day volatility ratio is 8.21% and 6.80% in the 30-day chart. Further, Sigma Lithium Corporation (SGML) has a beta value of 0, and an average true range (ATR) of 0.56.
If we refocus on Sigma Lithium Corporation (NASDAQ:SGML), historical trading data shows that trading volumes averaged 909.45K over the past 3 months. The company’s latest data on shares outstanding shows there are 111.28 million shares.
The 47.05% of Sigma Lithium Corporation’s shares are in the hands of company insiders while institutional holders own 34.57% of the company’s shares. Current price change has pushed the stock -51.07% 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.
