Sigma Lithium Corporation (SGML) closed the most recent trading day at $36.30, moving -0.03% from the previous trading session. This change lagged the S&P 500's daily gain of 1.15%. Elsewhere, the Dow gained 0.63%, while the tech-heavy Nasdaq added 7.23%.
Heading into today, shares of the company had lost 8.17% over the past month, lagging the Computer and Technology sector's gain of 1.19% and the S&P 500's gain of 3.08% in that time.
Sigma Lithium Corporation will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of -$0.09, down 12.5% from the prior-year quarter.
It is also important to note the recent changes to analyst estimates for Sigma Lithium Corporation. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 1% lower. Sigma Lithium Corporation is currently a Zacks Rank #5 (Strong Sell).
Digging into valuation, Sigma Lithium Corporation currently has a Forward P/E ratio of 9.14. This represents a discount compared to its industry's average Forward P/E of 19.3.
The Electronics - Miscellaneous Products industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 111, putting it in the top 45% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow SGML in the coming trading sessions, be sure to utilize Zacks.com.
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