Sigma Lithium (NASDAQ:SGML) Shares Gap Up - Should You Buy?

Sigma Lithium Corporation (NASDAQ:SGML - Get Free Report)'s share price gapped up before the market opened on Tuesday . The stock had previously closed at $13.23, but opened at $13.71. Sigma Lithium shares last traded at $13.7750, with a volume of 1,505,751 shares.Get Sigma Lithium alerts:Analysts Set New Price TargetsLithium Grab: 2 Lithium Stocks That Could Be Takeover TargetsA number of equities research analysts recently commented on the stock. Weiss Ratings restated a "sell (e+)" rating on shares of Sigma Lithium in a research report on Monday, December 22nd. Bank of America downgraded shares of Sigma Lithium from a "buy" rating to a "neutral" rating and set a $7.00 price target for the company. in a research report on Friday, October 24th. Finally, Zacks Research upgraded Sigma Lithium from a "strong sell" rating to a "hold" rating in a report on Tuesday, November 25th. Two investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Reduce" and a consensus target price of $7.00.Get Our Latest Report on SGMLSigma Lithium Stock Performance3 Lithium Stocks Powering Up For Big 2023 Gains The stock's 50 day moving average price is $9.04 and its 200 day moving average price is $7.06. The company has a current ratio of 0.49, a quick ratio of 0.32 and a debt-to-equity ratio of 1.38. The company has a market cap of $1.54 billion, a price-to-earnings ratio of -44.48 and a beta of 0.01. Sigma Lithium (NASDAQ:SGML - Get Free Report) last issued its quarterly earnings results on Friday, November 14th. The company reported ($0.10) EPS for the quarter, hitting the consensus estimate of ($0.10). The firm had revenue of $28.55 million during the quarter, compared to analyst estimates of $70.54 million. Sigma Lithium had a negative net margin of 24.13% and a negative return on equity of 35.97%. On average, analysts expect that Sigma Lithium Corporation will post -0.12 EPS for the current fiscal year. Institutional Trading of Sigma LithiumA number of institutional investors have recently modified their holdings of the company. BNP Paribas Financial Markets lifted its position in Sigma Lithium by 15.9% during the second quarter. BNP Paribas Financial Markets now owns 21,897 shares of the company's stock valued at $99,000 after buying an additional 3,005 shares in the last quarter. Virtu Financial LLC boosted its position in Sigma Lithium by 26.6% during the 3rd quarter. Virtu Financial LLC now owns 20,053 shares of the company's stock worth $129,000 after purchasing an additional 4,210 shares during the period. Electron Capital Partners LLC increased its holdings in Sigma Lithium by 0.4% in the 2nd quarter. Electron Capital Partners LLC now owns 1,067,947 shares of the company's stock valued at $4,806,000 after purchasing an additional 4,557 shares in the last quarter. Millennium Management LLC raised its position in Sigma Lithium by 6.4% in the third quarter. Millennium Management LLC now owns 81,543 shares of the company's stock valued at $520,000 after purchasing an additional 4,909 shares during the period. Finally, Legal & General Group Plc lifted its stake in shares of Sigma Lithium by 0.5% during the third quarter. Legal & General Group Plc now owns 1,312,232 shares of the company's stock worth $8,416,000 after purchasing an additional 7,157 shares in the last quarter. Hedge funds and other institutional investors own 64.86% of the company's stock. About Sigma Lithium (Get Free Report)Sigma Lithium Corp. is a Canada-based mineral exploration and development company focused on the sustainable production of battery-grade lithium from hard rock deposits. The company’s flagship asset is the Grota do Cirilo lithium project, located in the state of Minas Gerais, Brazil. Grota do Cirilo comprises a fully permitted, low-altitude spodumene mine and processing plant designed to produce high-purity lithium concentrate and downstream lithium hydroxide for the global electric vehicle and energy storage markets. Since its founding in 2018, Sigma Lithium has pursued a vertically integrated approach, overseeing each stage of production from ore extraction and beneficiation to chemical conversion.See AlsoFive stocks we like better than Sigma LithiumAmericans can target 100%+ wins during “Operation Motherlode”Trump’s new AI budget just passed — one stock could soarWall Street Stockpicker Names #1 Stock of 2026Chilling warning from legendary investorBuy this $2 Gold Stock Before January 1, 2026This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Sigma Lithium Right Now?Before you consider Sigma Lithium, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Sigma Lithium wasn't on the list.While Sigma Lithium currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here