Dymon Asia Capital Singapore PTE. LTD. Has $4.60 Million Stock Holdings in Sigma Lithium Corporation $SGML

Dymon Asia Capital Singapore PTE. LTD. trimmed its position in Sigma Lithium Corporation (NASDAQ:SGML) by 40.1% during the fourth quarter, HoldingsChannel.com reports. The fund owned 348,814 shares of the company’s stock after selling 233,126 shares during the period. Sigma Lithium makes up approximately 0.4% of Dymon Asia Capital Singapore PTE. LTD.’s investment portfolio, making the stock its 18th biggest holding. Dymon Asia Capital Singapore PTE. LTD.’s holdings in Sigma Lithium were worth $4,601,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of SGML. Farther Finance Advisors LLC bought a new position in Sigma Lithium in the fourth quarter valued at approximately $51,000. GF Fund Management CO. LTD. bought a new position in Sigma Lithium in the fourth quarter valued at approximately $57,000. BTG Pactual Asset Management US LLC acquired a new stake in shares of Sigma Lithium during the third quarter worth $71,000. Quantbot Technologies LP acquired a new stake in shares of Sigma Lithium during the third quarter worth $82,000. Finally, Nebula Research & Development LLC bought a new stake in Sigma Lithium in the 2nd quarter valued at $87,000. 64.86% of the stock is currently owned by institutional investors and hedge funds.

Sigma Lithium Price Performance

NASDAQ SGML opened at $15.98 on Friday. The company has a quick ratio of 0.25, a current ratio of 0.32 and a debt-to-equity ratio of 0.21. Sigma Lithium Corporation has a 12-month low of $4.25 and a 12-month high of $24.48. The company has a market capitalization of $1.79 billion, a PE ratio of -40.97 and a beta of 0.54. The firm’s 50 day moving average is $17.40 and its 200-day moving average is $14.16.

Sigma Lithium (NASDAQ:SGML) last posted its quarterly earnings data on Friday, May 15th. The company reported $0.10 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.10. Sigma Lithium had a negative net margin of 41.84% and a negative return on equity of 57.50%. The company had revenue of $42.34 million for the quarter, compared to the consensus estimate of $42.48 million. Equities research analysts anticipate that Sigma Lithium Corporation will post 1.15 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Wall Street Zen cut shares of Sigma Lithium from a “buy” rating to a “hold” rating in a research report on Saturday. Weiss Ratings restated a “sell (e+)” rating on shares of Sigma Lithium in a report on Friday, March 27th. Bank of America raised Sigma Lithium from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $14.00 to $17.00 in a research report on Thursday, April 2nd. Finally, Zacks Research raised Sigma Lithium from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 21st. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $18.50.

About Sigma Lithium

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.