Sigma Lithium (NASDAQ:SGML) Announces Quarterly Earnings Results, Misses Estimates By $0.12 EPS

Sigma Lithium (NASDAQ:SGML) posted its earnings results on Monday. The company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.12), Zacks reports. Sigma Lithium had a negative return on equity of 38.04% and a negative net margin of 36.85%.

Sigma Lithium Trading Down 0.3 %

Shares of Sigma Lithium stock opened at $11.50 on Monday. Sigma Lithium has a 1 year low of $8.47 and a 1 year high of $19.20. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.84 and a quick ratio of 0.72. The business has a 50 day moving average price of $11.35 and a 200 day moving average price of $12.24. The company has a market capitalization of $1.28 billion, a P/E ratio of -23.96 and a beta of 0.21.

Wall Street Analysts Forecast Growth

Separately, Bank of America decreased their price objective on shares of Sigma Lithium from $25.00 to $16.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th.

Sigma Lithium Company Profile

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.