Shares of Sigma Lithium Corporation (NASDAQ:SGML – Get Free Report) have received a consensus recommendation of “Hold” from the six research firms that are covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a sell rating and three have given a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $18.50.
Several analysts recently issued reports on SGML shares. Weiss Ratings downgraded shares of Sigma Lithium from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Thursday, August 13th. Zacks Research downgraded shares of Sigma Lithium from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 19th. Finally, Wall Street Zen lowered shares of Sigma Lithium from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th.
View Our Latest Research Report on SGML
Institutional Investors Weigh In On Sigma Lithium
Sigma Lithium Stock Down 6.2%
Shares of NASDAQ:SGML opened at $8.91 on Tuesday. The business’s 50 day simple moving average is $11.14 and its two-hundred day simple moving average is $13.72. The firm has a market cap of $1.00 billion, a P/E ratio of -37.12 and a beta of 0.64. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.25 and a current ratio of 0.34. Sigma Lithium has a 52-week low of $4.61 and a 52-week high of $24.48.
Sigma Lithium (NASDAQ:SGML – Get Free Report) last released its quarterly earnings data on Friday, August 14th. The company reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.23 by ($0.25). Sigma Lithium had a negative net margin of 19.36% and a negative return on equity of 37.40%. The firm had revenue of $54.70 million for the quarter, compared to the consensus estimate of $68.34 million. As a group, research analysts forecast that Sigma Lithium will post 0.45 EPS for the current fiscal year.
About Sigma Lithium
Sigma Lithium Corporation is a Canadian mining and technology company focused on the exploration, development, and production of lithium products for the electric vehicle and energy storage industries. Its principal operations are located in Brazil, where the company is developing and operating the Grota do Cirilo lithium project in the state of Minas Gerais.
Grota do Cirilo produces battery-grade lithium spodumene concentrate, a key raw material used to manufacture lithium-ion batteries.
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