Sigma Lithium Corporation (NASDAQ: SGML) stock jumped 11.56% on Friday to $29.92 against a previous-day closing price of $26.82. With 2.1 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.18 million shares. During the session, the Other Industrial Metals & Mining company that operates in wider Basic Materials sector, reached to the highest price of $30.20 whereas the lowest price it dropped to was $27.31. The 52-week range on SGML shows that it touched its highest point at $43.18 and its lowest point at $21.20 during that stretch. It currently has a 1-year price target of $47.27.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of SGML was up-trending over the past week, with a rise of 37.47%, but this was up by 15.43% over a month. Three-month performance dropped to -12.41% while six-month performance fell -25.85%. The stock lost -1.38% in the past year, while it has gained 6.02% so far this year. A look at the trailing 12-month EPS for SGML yields -0.77 with Next year EPS estimates of 2.48. For the next quarter, that number is 0.46. This implies an EPS growth rate of 157.07% for this year and 360.46% for next year.
Float and Shares Shorts:
At present, 104.71 million SGML shares are outstanding with a float of 92.53 million shares on hand for trading. On Oct 30, 2023, short shares totaled 8.0 million, which was 7.31% higher than short shares on Sep 28, 2023. In addition to Ms. Ana Cabral-Gardner as the firm’s Co-Chairperson & CEO, Mr. Caio Araujo serves as its Chief Financial Officer.
Through their ownership of 65.47% of SGML’s outstanding shares, institutional investors have majority control over the company. With a 3.11% stake in SGML, the BlackRock World Mining Fund is the largest stakeholder. A total of 3,405,252 shares are owned by the mutual fund manager. The Núcleo Master FI de Ações, which owns about 1.72% of SGML stock, is the second-largest Mutual Fund holder. It holds 1,882,800 shares valued at 46.03 million. BlackRock Global Funds – Future o holds 0.93% of the stake in SGML, owning 1,013,747 shares worth 24.79 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for SGML since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With SGML analysts setting a high price target of $58.67 and a low target of $39.70, the average target price over the next 12 months is $47.27. Based on these targets, SGML could surge 96.09% to reach the target high and rise by 32.69% to reach the target low. Reaching the average price target will result in a growth of 57.99% from current levels.
Summary of Insider Activity:
Insiders traded SGML stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 4 while that of sell transactions has risen to 7 over the past year. The total number of shares bought during that period was 3,906,000 while 514,000 shares were sold.