Stock Traders Buy High Volume of Sigma Lithium Call Options (NASDAQ:SGML)

Sigma Lithium Corporation (NASDAQ:SGML) was the target of some unusual options trading activity on Tuesday. Stock traders acquired 13,611 call options on the company. This represents an increase of 135% compared to the typical volume of 5,783 call options.

Sigma Lithium Stock Performance

Shares of SGML opened at $11.56 on Thursday. The firm has a market capitalization of $1.29 billion, a P/E ratio of -37.29 and a beta of 0.02. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.49 and a quick ratio of 0.32. Sigma Lithium has a one year low of $4.25 and a one year high of $13.40. The business has a fifty day moving average of $7.65 and a 200 day moving average of $6.41.

Sigma Lithium (NASDAQ:SGML) last announced its earnings results on Friday, November 14th. The company reported ($0.10) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.10). Sigma Lithium had a negative return on equity of 35.97% and a negative net margin of 24.13%.The business had revenue of $28.55 million for the quarter, compared to analysts’ expectations of $70.54 million. As a group, sell-side analysts anticipate that Sigma Lithium will post -0.12 EPS for the current year.

Institutional Trading of Sigma Lithium

Several large investors have recently added to or reduced their stakes in SGML. BNP Paribas Financial Markets raised its position in shares of Sigma Lithium by 15.9% during the 2nd quarter. BNP Paribas Financial Markets now owns 21,897 shares of the company’s stock valued at $99,000 after purchasing an additional 3,005 shares during the period. Virtu Financial LLC raised its position in Sigma Lithium by 26.6% during the third quarter. Virtu Financial LLC now owns 20,053 shares of the company’s stock valued at $129,000 after purchasing an additional 4,210 shares during the period. Electron Capital Partners LLC lifted its position in Sigma Lithium by 0.4% in the second quarter. Electron Capital Partners LLC now owns 1,067,947 shares of the company’s stock worth $4,806,000 after buying an additional 4,557 shares during the last quarter. Millennium Management LLC boosted its stake in shares of Sigma Lithium by 6.4% during the 3rd quarter. Millennium Management LLC now owns 81,543 shares of the company’s stock worth $520,000 after purchasing an additional 4,909 shares during the period. Finally, Legal & General Group Plc grew its position in Sigma Lithium by 0.5% in the 3rd quarter. Legal & General Group Plc now owns 1,312,232 shares of the company’s stock valued at $8,416,000 after acquiring an additional 7,157 shares during the last quarter. 64.86% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on SGML shares. Cormark upgraded shares of Sigma Lithium to a “moderate buy” rating in a report on Thursday, August 21st. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Sigma Lithium in a research report on Monday. Wall Street Zen lowered Sigma Lithium from a “hold” rating to a “sell” rating in a report on Saturday, August 16th. Zacks Research upgraded Sigma Lithium from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 25th. Finally, Bank of America cut Sigma Lithium from a “buy” rating to a “neutral” rating and set a $7.00 price objective on the stock. in a research report on Friday, October 24th. Two equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce” and an average target price of $7.00.

About Sigma Lithium

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.