Sigma Lithium (NASDAQ:SGML) Trading Down 5.1% – Time to Sell?

Posted by Sarita Garza on Jan 24th, 2025

Sigma Lithium Co. (NASDAQ:SGML – Get Free Report)’s share price was down 5.1% during mid-day trading on Tuesday . The company traded as low as $11.41 and last traded at $11.40. Approximately 234,057 shares were traded during trading, a decline of 56% from the average daily volume of 531,060 shares. The stock had previously closed at $12.01.

Analyst Ratings Changes

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

Check Out Our Latest Stock Report on Sigma Lithium

Sigma Lithium Trading Down 3.0 %

The company has a 50-day simple moving average of $12.35 and a 200-day simple moving average of $12.00. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.72 and a current ratio of 0.84. The stock has a market cap of $1.23 billion, a P/E ratio of -23.00 and a beta of 0.23.

Hedge Funds Weigh In On Sigma Lithium

Institutional investors have recently modified their holdings of the stock. Point72 DIFC Ltd bought a new stake in shares of Sigma Lithium during the second quarter valued at approximately $48,000. Point72 Asia Singapore Pte. Ltd. bought a new position in Sigma Lithium in the 2nd quarter valued at $107,000. Public Employees Retirement System of Ohio acquired a new stake in shares of Sigma Lithium in the 3rd quarter valued at $122,000. Y Intercept Hong Kong Ltd acquired a new stake in shares of Sigma Lithium in the 3rd quarter valued at $299,000. Finally, Tidal Investments LLC raised its position in shares of Sigma Lithium by 43.4% during the third quarter. Tidal Investments LLC now owns 63,422 shares of the company’s stock worth $784,000 after acquiring an additional 19,193 shares during the last quarter. 64.86% of the stock is owned by institutional investors.

Sigma Lithium Company Profile

(Get Free Report)

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.