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Sigma Lithium Corporation (SGML) Surpasses Market Returns: Some Facts Worth Knowing July 31, 2024
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Sigma Lithium Corporation (SGML - Free Report) closed the latest trading day at $10.93, indicating a +1.3% change from the previous session's end. The stock exceeded the S&P 500, which registered a gain of 1.08% for the day. Elsewhere, the Dow gained 0.75%, while the tech-heavy Nasdaq added 2.64%.
Coming into today, shares of the company had lost 8.4% in the past month. In that same time, the Computer and Technology sector lost 5.77%, while the S&P 500 lost 0.44%.
The investment community will be closely monitoring the performance of Sigma Lithium Corporation in its forthcoming earnings report. The company is predicted to post an EPS of $0.13, indicating a 140.63% growth compared to the equivalent quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $0.41 per share and revenue of $263.47 million, indicating changes of +257.69% and +95.82%, respectively, compared to the previous year.
It is also important to note the recent changes to analyst estimates for Sigma Lithium Corporation. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 2.41% lower within the past month. Sigma Lithium Corporation is holding a Zacks Rank of #3 (Hold) right now.
Looking at its valuation, Sigma Lithium Corporation is holding a Forward P/E ratio of 26.64. This indicates a premium in contrast to its industry's Forward P/E of 20.01.
The Electronics - Miscellaneous Products industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 164, putting it in the bottom 35% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
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Sigma Lithium Corporation (SGML - Free Report) closed the latest trading day at $10.93, indicating a +1.3% change from the previous session's end. The stock exceeded the S&P 500, which registered a gain of 1.08% for the day. Elsewhere, the Dow gained 0.75%, while the tech-heavy Nasdaq added 2.64%.
Coming into today, shares of the company had lost 8.4% in the past month. In that same time, the Computer and Technology sector lost 5.77%, while the S&P 500 lost 0.44%.
The investment community will be closely monitoring the performance of Sigma Lithium Corporation in its forthcoming earnings report. The company is predicted to post an EPS of $0.13, indicating a 140.63% growth compared to the equivalent quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $0.41 per share and revenue of $263.47 million, indicating changes of +257.69% and +95.82%, respectively, compared to the previous year.
It is also important to note the recent changes to analyst estimates for Sigma Lithium Corporation. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 2.41% lower within the past month. Sigma Lithium Corporation is holding a Zacks Rank of #3 (Hold) right now.
Looking at its valuation, Sigma Lithium Corporation is holding a Forward P/E ratio of 26.64. This indicates a premium in contrast to its industry's Forward P/E of 20.01.
The Electronics - Miscellaneous Products industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 164, putting it in the bottom 35% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.