Sigma Lithium (NASDAQ:SGML) Releases Earnings Results, Misses Expectations By $0.14 EPS

Sigma Lithium (NASDAQ:SGML) posted its quarterly earnings data on Monday. The company reported ($0.08) EPS for the quarter, missing the consensus estimate of $0.06 by ($0.14), Zacks reports. Sigma Lithium had a negative net margin of 36.85% and a negative return on equity of 38.04%. The firm had revenue of $46.70 million during the quarter, compared to analysts’ expectations of $71.77 million.

Sigma Lithium Stock Down 2.4 %

SGML opened at $10.15 on Wednesday. Sigma Lithium has a 12 month low of $8.47 and a 12 month high of $19.20. The company has a market cap of $1.13 billion, a PE ratio of -21.15 and a beta of 0.21. The company has a current ratio of 0.84, a quick ratio of 0.72 and a debt-to-equity ratio of 0.02. The company has a 50 day moving average of $11.29 and a 200 day moving average of $12.24.

Analyst Ratings Changes

Separately, Bank of America dropped their price target on 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.