Insights Into Sigma Lithium Corporation’s (SGML) Insider Activity

The stock of Sigma Lithium Corporation (NASDAQ:SGML) increased by $0.64 on Friday to finish at $33.54, up 1.95 percent. The last five days have seen an average of 1,285,840 shares of common stock traded. 10 times new highs were reached in the current year, with a gain of $5.32. The average number of shares traded over the last 20 days was 914,640, while the average volume over the last 50 days totaled 783,960.

SGML stock dropped -2.24% since last month. On 03/24/23, the company’s shares reached a one-month low of $31.57. The stock touched a high of $39.93 on 02/28/23, after rallying from a low of $12.71 in 52 weeks. The price of SGML stock has risen by 18.85% or $5.32 this year, reaching a new high 10 times. Still, the stock price is down -16.00% from the 52-week high.

Financial Health

For the recent quarter, Sigma Lithium Corporation’s quick ratio was 9.20, while its current ratio was 9.20, indicating its ability to pay off its debt. Based on annual data, it had gross profit of $0.12 million and revenue of $25.57 million.

Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. SGML’s return on assets (ROA) during the last 12 months has been -30.20%. In the meantime, the return on equity (ROE) for the last 12 months was -31.90%.

Technical Picture

Here’s a quick look at Sigma Lithium Corporation’s (SGML) price momentum from a technical perspective. As of 24 March, the RSI 9-day stood at 47.08%, suggesting the stock is Neutral, with a 75.20% historical volatility rate.

The stochastic %K and %D were 31.43% and 42.68% respectively, while the average true range (ATR) was 2.32. Based on the 14-day stochastic reading of 34.99%, the RSI (14) reading is 49.37%. On the 9-day MACD Oscillator, the stock is at -0.47, and the 14-day reading is at -0.58.

Analyst Ratings

In its analyst report released on January 20, 2023, BMO Capital Markets began covering Sigma Lithium Corporation (NASDAQ: SGML). The stock was rated as an Outperform by the brokerage firm. Analysts have assigned Sigma Lithium Corporation (SGML) an Buy rating. SGML is a stock that is recommended for selling by 0 brokerage firms, while 1 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 1 rate it overweight and 6 others recommend it as a buy.

What is SGML’s price target for the next 12 months?

The current consensus forecast for the stock is between $40.00 and $50.40, with a median target price of $43.50. In analyzing these forecasts, the average price target given by analysts for Sigma Lithium Corporation (SGML) is $44.39.

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