SIGMA LITHIUM (SGML) Surges 9.9%: Is This an Indication of Further Gains?

Sigma Lithium Corporation SGML shares rallied 9.9% in the last trading session to close at $7.2. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 2.4% loss over the past four weeks.SGML is benefiting from its low-cost production, operational excellence, and diversified funding sources. This company is expected to post quarterly loss of $0.03 per share in its upcoming report, which represents a year-over-year change of +87%. Revenues are expected to be $64.7 million, up 212.1% from the year-ago quarter.While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.For SIGMA LITHIUM, the consensus EPS estimate for the quarter has been revised 50% lower over the last 30 days to the current level. And a negative trend in earnings estimate revisions doesn't usually translate into price appreciation. So, make sure to keep an eye on SGML going forward to see if this recent jump can turn into more strength down the road.The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>SIGMA LITHIUM is part of the Zacks Electronics - Miscellaneous Products industry. Mistras MG, another stock in the same industry, closed the last trading session 0.9% lower at $9.58. MG has returned 0.3% in the past month.For Mistras, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.26. This represents a change of +30% from what the company reported a year ago. Mistras currently has a Zacks Rank of #3 (Hold).Zacks' Research Chief Names "Stock Most Likely to Double"Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.This top pick is a little-known satellite-based communications firm. Space is projected to become a trillion dollar industry, and this company's customer base is growing fast. Analysts have forecasted a major revenue breakout in 2025. Of course, all our elite picks aren't winners but this one could far surpass earlier Zacks' Stocks Set to Double like Hims & Hers Health, which shot up +209%.Free: See Our Top Stock And 4 Runners UpWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Sigma Lithium Corporation (SGML): Free Stock Analysis Report Mistras Group Inc (MG): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks