In yesterday’s Wall Street session, Sigma Lithium Corporation (NASDAQ:SGML) shares traded at $27.49, up 0.26% from the previous session.
As of this writing, 5 analysts cover Sigma Lithium Corporation (NASDAQ:SGML). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $48.08 and a low of $40.54, we find $41.14. Given the previous closing price of $27.42, this indicates a potential upside of 50.04 percent. SGML stock price is now -16.48% away from the 50-day moving average and 22.97% away from the 200-day moving average. The market capitalization of the company currently stands at $3.96B.
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There are 0 analysts who have given it a hold rating, whereas 4 have given it a buy rating. Brokers who have rated the stock have averaged $43.56 as their price target over the next twelve months.
With the price target of $14, BofA Securities recently initiated with Buy rating for Sigma Lithium Corporation (NASDAQ: SGML). .
Insiders disposed of 48,706,408 shares of company stock worth roughly $1.34 billion over the past 1 year. A total of 0.77% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in SGML stock. A new stake in Sigma Lithium Corporation shares was purchased by D. E. SHAW & CO., INC. during the first quarter worth $7,101,000. WEISS MULTI-STRATEGY ADVISERS LLC invested $4,490,000 in shares of SGML during the first quarter. In the first quarter, THOMIST CAPITAL MANAGEMENT, LP acquired a new stake in Sigma Lithium Corporation valued at approximately $4,056,000. SIR CAPITAL MANAGEMENT, L.P. acquired a new stake in SGML for approximately $3,928,000. VOLORIDGE INVESTMENT MANAGEMENT, LLC purchased a new stake in SGML valued at around $3,912,000 in the second quarter. In total, there are 51 active investors with 60.93% ownership of the company’s stock.
Thursday morning saw Sigma Lithium Corporation (NASDAQ: SGML) opened at $27.37. During the past 12 months, Sigma Lithium Corporation has had a low of $8.39 and a high of $39.93. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 9.20, and a quick ratio of 9.20. The fifty day moving average price for SGML is $32.91 and a two-hundred day moving average price translates $22.35 for the stock.
The latest earnings results from Sigma Lithium Corporation (NASDAQ: SGML) was released for Jun, 2022.
Sigma Lithium Corporation(SGML) Company Profile
Sigma Lithium Corporation engages in the exploration and development of lithium deposits in Brazil. It holds 100% interest in the Grota do Cirilo, Genipapo, Santa Clara, and São José properties comprising 27 mineral rights covering an area of approximately 191 square kilometers located in the Araçuaí and Itinga regions of the state of Minas Gerais, Brazil. The company was formerly known as Sigma Lithium Resources Corporation and changed its name to Sigma Lithium Corporation in July 2021. Sigma Lithium Corporation is headquartered in São Paulo, Brazil.
